Newspaper article The Morning Bulletin (Rockhampton, Australia)

Landry Welcomes Mining Report; MP Claims Coal Is Vital for Economy

Newspaper article The Morning Bulletin (Rockhampton, Australia)

Landry Welcomes Mining Report; MP Claims Coal Is Vital for Economy

Article excerpt

Byline: Maddelin Mccosker Maddelin.McCosker@capnews.com.au

THE release of a Federal Government report has sparked hope regional areas will soon reap the benefits of an upsurge in the coal industry.

The report, released yesterday by Minister for Resources and Northern Australia Matt Canavan, showed a $250 billion increase in the Australian economy, delivered by the mining industry.

Jack Trenaman, managing director of mining support group SMW, said the jump in exports bode well for parts of the state that relied on the mining industry.

"The Bowen Basin has premium grade coal which attracts a premium price," Mr Trenaman said.

"The rest of the world wants what we've got here and with those exports come the royalties, and with the royalties come opportunities for companies like up us to grow, and as well to see the infrastructure in regional towns like Rockhampton grow.

"Coal royalties for Queensland, and especially in our region, is certainly underestimated and I think we all need to appreciate the contribution to coal for these areas and the growth to what we have now and where it will take us in the future."

SMW relied on the coal industry and when it was booming, so was local business, and growth led to jobs, Mr Trenaman said.

"Most years, we average here around 40 apprentices and trainees; that has grown over the last six or seven years by about 20," he said.

"So we've doubled our apprentices and trainees and it gives us more opportunities to contribute back into what is currently a shortfall in trades labour within Queensland."

Federal Member for Capricornia Michelle Landry said the "massive" increase in exports proved coal played a vital role in Australia's economy,

"We have the nay-sayers saying that coal is gone. Well, no it's not," Ms Landry said.

"It is something that is here to stay and here in Central Queensland it is very important for our whole sector. …

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