FREQUENTLY ASKED QUESTIONS
The Queensland Resources and Exploration Gateway has compiled a detailed list of FAQs for businesses and investors who are seeking to learn more about Queensland’s extraordinary mining investment opportunities.
During the resources boom period 2010-2014, resource exploration expenditure in Queensland exceeded A$1bn pa. For the most recent year 2016, exploration expenditure was ~A$300m with oil and gas $111m, coal $83m, and another $100m exploring for gold, copper, lead, zinc aluminium and other minerals.
The level of onshore exploration conducted in Queensland exceeds that of the other states and territories combined, with $3.5bn of exploration in Queensland from a total of A$6.7bn onshore Australia from 2010-2016.
Resources are of prime economic importance to the State. In 2015-16 the sector produced commodities worth A$30bn and directly employed over 60,000 people. Since 2011, it has overtaken agriculture as a primary source of regional employment. It also attracted more than 50% of all capital invested in Qld.
Queensland is a net exporter of its resources to markets in the rest of Australia and the World.
Queensland has a rich endowment of world class resources which are able to be developed with net exports to markets in the rest of Australia and the World. Queensland ranks as one of the largest producers of lead, zinc, copper, bauxite and gold in Australia, and ranks on a world scale for production of lead (9% global production), zinc (7%), bauxite (11%) and silver (6%). It has six coal export terminals linked by rail to the coalfields where in 2015-16 221 million tonnes of coal, being 91% of all production) was exported to 30 countries. There are three operating LNG plants exporting primarily to the Asian region with CSG being the main source of LNG. Qld also exports gas to the other states in the connected Eastern Australia market.
With supply these elements becoming more critical as new technologies advance, Queensland has resources and potential resources of several of these elements and is well placed to support global demand. Further information is available from Geological Survey of Queensland.