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Mackay region surges in resources growth

Data released by the Queensland Resources Council this week demonstrates the huge importance of the resources industry to the regional and state economies, according to Resource Industry Network (RIN).

The total economic contribution to the Mackay economy has increased an incredible 36 per cent during the past financial year going from a GRP of $12.2Billion in 2018-2019 to $16.6Billion for the 2019-2020 financial year.

RIN general manager Dean Kirkwood said this current figure accounts for a whopping 55 per cent of the Mackay’s total GRP and contributes directly and indirectly to more than 97,000 full-time jobs in the region.

“The QRC data backs up what RIN has been saying all along about the enormous importance that resources play in our region and its contribution to the whole of Queensland.

“This data also shows that $4.5Billion in mining royalties was shared throughout State to the benefit of every Queenslander.

“Our vibrant METS sector plays a massive role in keeping the resources sector operational and a world leader in productive and efficient mining practices and their role should be acknowledged,” Mr Kirkwood said.

Interestingly, Mackay, Whitsunday, and Mirani were in the top 10 Queensland electorates ranked in order of economic contribution to the state economy in 2019-2020.

“It should be noted that Mackay is ranked second in economic contribution to the Queensland economy and clearly demonstrates our strength as a region.

“This strength continues to evolve as our sharp-minded METS sector continues to innovative and diversify into other markets and increase their export capacity to service a global market,” Mr Kirkwood added.

Link to Queensland Resources Council economic contribution data:
https://www.qrc.org.au/wp-content/uploads/2020/10/Statewide-and-Mackay-state-electorates.pdf?_cldee=dG9tY0BxcmMub3JnLmF1&recipientid=contact-fb8f24854e40e7118103c4346bc54034-52760286e7664c8ab4ee802c937ca038&esid=3400fd36-ea17-eb11-a813-000d3a794f5d

*ENDS*

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Resource Industry Network is the only not-for-profit member group representing the resource sector and allied industries within the Mackay region.

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