The latest resources sector report underlines the potential for Queensland’s new-economy minerals and jobs of the future, Resources Minister Scott Stewart said today.
Commenting on the Queensland Resources Council’s State of the Sector report released today, Mr Stewart said the international demand for clean energy technology like batteries and renewables was forecast to drive a six-fold increase in the market for new economy minerals.
“Our world-class resources sector is central to Queensland’s plan for economic recovery from the COVID-19 global pandemic,” he said.
“The Palaszczuk Government has been well ahead of this international trend with our focus on identifying and developing deposits of minerals like cobalt, copper, rare earths and vanadium in the North West Minerals Province.
“Our coal and petroleum resources are the mainstay of our resources output and jobs.
“Today’s report shows that resources chiefs are confident Queensland is also well-positioned as a supplier of these new economy minerals.
“Government initiatives like our five-year $24 million New Economy Minerals Initiative are ensuring the world will be buying Queensland resources, fuelling Queensland jobs, well into the future.”
The New Economy Minerals Initiative aims to encourage new exploration, re-investigate old mines and probe the geological information government holds already to foster new discoveries, projects and jobs.