November date locked in
By Gregor Mactaggart and Matthew Pearce
November is the planned start date for construction works at the Boulder Creek Wind Farm.
The $740 million project reached financial close on Friday, delivering the green light for work on the 228MW wind farm, located 40km south-west of Rockhampton, between Mount Morgan and Westwood.
Boulder Creek Wind Farm, co-owned by Aula Energy and CQ Energy, is set to begin operating in 2027, generating clean energy to power the equivalent of 85,000 homes.
Aula Energy chief executive officer Chad Hymas said it was an exciting moment for the organisation.
“In collaboration with CS Energy and our other partners we can now get construction underway in order to deliver the benefits of this clean energy project for Australia,” he said.
CS Energy chief executive officer Darren Busine said the joint venture between the two companies was a significant result.
“We’re delighted to be working with Aula Energy to deliver the Boulder Creek Wind Farm,” he said.
“CSEnergy’sinvestmentinthisprojectdemonstrates our ongoing commitment to Central Queensland and providing opportunities for our people and local communities to share the benefits of the energy transformation.”
During the construction phase, the wind farm will support up to 250 jobs and has put the call out to local businesses/individuals who are keen to be involved.
Construction of external access roads to the site from Westwood and establishment of internal access roads are planned to commence in late 2024, with site activity anticipated to pick up pace during the first quarter of 2025.
Aula Energy and CS Energy will collaborate with four major partners to deliver the project: GE Vernova will supply and install the wind farm’s 38 wind turbines, DT Infrastructure will develop critical infrastructure for the site including roads, hardstands, foundations and onsite power assets, Powerlink Queensland will deliver the grid connection assets, connecting the wind farm to the electricity grid and RES will oversee construction activities on site.
DT Infrastructure interim chief executive officer Murray McArdle said the construction stage is a continuation of the partnership between DTI and Aula Energy that began with the signing of an ECI contract in March 2024.
“Australia is undergoing a transformative shift as it looks to reshape its energy landscape,” he said.
“We are excited to be part of that change and to work with Aula and CS Energy to be a ‘safe pair of hands’ for the delivery of this exciting project that will increase the supply of renewable energy to the region and is another step in Australia’s journey towards a net-zero future.”
“DTI has worked with Aula throughout the
ECI phase of the Boulder Creek Wind Farm, which has resulted in an in-depth understanding of the project, location and needs of the community.
“We look forward to drawing on that early contractor knowledge to optimise procurement, construction and delivery practices that will ensure the success of Stage 1 of the project.”
The project has secured all necessary federal and state government approvals and agreements with host landholders and First Nations peoples – the Gaangalu Nation and Darumbal Peoples – in relation to cultural heritage.
Union calls for more freight on trains
Rail, Tram and Bus Union (RTBU) branch secretary Peter Allen has renewed calls for more freight trains and fewer trucks on our highways after recent accidents around the Bororen and Rockhampton/Gracemere townships, involving Nitropril.
“The evidence is clear, moving freight on rail lines is far safer than using roads and trucks, in particular when moving dangerous goods like Nitropril and other hazardous chemicals,” Mr Allen said.
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“Too often we hear of tragic accidents occurring on our highways, and the recent rollover just outside of Gracemere and the explosion north of Bororen are clear examples of why freight like this and other freight should be on rail.
“It is about time that all levels of Government and business come together to shift our freight from roads to trains and as the peak union for rail in Queensland, we renew our calls for this to occur now”.
Mr Allen said RTBU have always campaigned for more freight trains and fewer road trains and they will continue to campaign for this.
“The horrific accidents and explosion of dangerous goods are prime examples of why rail is the safest option to move our freight,” he said.
“Our travelling public and communities could be much safer and recent events just strengthens the case for freight on rail.”
Transport and Main Roads Minister Bart Mellish said moving freight from road to rail offers various benefits in terms of road safety, reduced road infrastructure management and less carbon emissions from reduced heavy vehicle usage.
“Efficient freight movement by rail is key to Queensland’s economic growth and pro-
vides significant opportunities to export our important critical minerals to the world,” Mr Mellish said.
“The Miles Labor Government is also delivering the $1 billion Inland Freight Route, with early works soon to begin on the Baffle Creek bridge on the Carnarvon Highway.
“This project will provide an alternative route for truckies, reducing truck movements and increasing safety on the Bruce Highway.”
RBA holds firm on rates, saying inflation still too high
By Poppy Johnston, AAP
The Reserve Bank of Australia will not be swayed by other central banks cutting interest rates as it says inflation is still higher than elsewhere and monetary policy less restrictive.
Central banks in the United States, Canada and New Zealand are among those that have reduced interest rates but the RBA maintains Australia is in a different boat.
“Members agreed that ... it was not necessary for the cash rate target to evolve in line with policy rates in other economies since Australian inflation was higher, the labour market stronger and monetary policy less restrictive than in many other advanced economies,” the RBA said in the minutes from its latest meeting.
As already foreshadowed by governor Michele Bullock, the minutes confirmed there was no explicit discussion of the case to hike interest rates.
Instead, members walked through risks to the inflation outlook - the conditions that would lead to interest rates staying higher for longer or even going higher still, and scenarios where earlier cuts might be needed.
ANZ head of Australian economics Adam Boyton said the minutes represented a “clear step down in the RBA board’s hawkishness”.
“This leaves the door open to a shift to neutral by the end of this year and then easing in early 2025,” he said.
The RBA board said there was a scenario where “future financial conditions might need to be less restrictive than they were at present”, including if the economy ended up
weaker than thought.
“This could occur if households saved a significantly larger proportion of their incomes than currently assumed, perhaps because of earlier declines in real income and/ or more persistent uncertainty,” the minutes said.
A sharper decline in the labour market was also a risk as well as a scenario where inflation fell quickly even without a corresponding decline in economic activity, perhaps caused by a strong moderation in rent or petrol inflation.
Members also discussed scenarios where “future monetary policy might need to be held restrictive for a prolonged period or tightened further”.
This included a material pick-up in consumption growth as household incomes re-
covered in 2024, leading to a stronger labour market and inflation returning to target more slowly.
A failure to improve supply in line with expectations could also throw a spanner in the works, including if future productivity growth turned out to be weaker than assumed.
Consumers are also feeling their most upbeat, with sentiment reaching a two-and-ahalf-year high as fears of further interest rate increases subside.
The headline index from Westpac and the Melbourne Institute - capturing consumer responses to questions about their finances, the economy, and appetites for buying major household items - rose to 89.8 in October, from 84.6 in September.
Rio increases BSL stake
Rio Tinto’s previously announced acquisition of Mitsubishi Corporation’s (Mitsubishi) 11.65 per cent interest in Boyne Smelters Limited (BSL) was completed on 30 September.
BSL owns and operates the Boyne Island aluminium smelter.
Following completion of the transaction, Rio Tinto’s interest in BSL is now 71.04 per cent.
Rio Tinto looks forward to continuing to work with its BSL joint venture partners and other stakeholders on securing a competitive low-carbon future for its Gladstone operations.
Previously announced acquisitions by Rio Tinto of Sumitomo Chemical Company’s (SCC) 2.46 per cent stake in BSL, and SCC’s 20.64 per cent interest in New Zealand Aluminium Smelters (NZAS), which owns and operates the Tiwai Point aluminium smelter in New Zealand, continue to progress through various conditions precedent.
The acquisition of Mitsubishi’s stake in BSL was for an undisclosed price, as is also the case for the agreed acquisitions of SCC’s stakes in BSL and NZAS.
In August, BSL and the Queensland Government developed a partnership to support investment in renewable energy projects.
Under the agreement, the State Government will support BSL’s financial viability from 2029 as the smelter transitions to renewable energy.
Rio Tinto will invest to maintain BSL’s full operational capacity, supporting Australia’s ambition to remain a major exporter of aluminium.
This ensures BSL, which has an annual production capacity of more than 500,000 tonnes of aluminium and directly employs more than 1000 people, will continue to be a significant contributor to the local, Queensland and na-
tional economy.
Rio Tinto will also work to expand its coastal shipping capacity, to add a fifth domestically crewed vessel to its existing fleet of four. These
ships transport bauxite from the company’s Gove and Weipa mines to operations in Gladstone.
It will support Queensland’s vision to estab-
Energy, future on minds
By Matthew Pearce
More than 100 industry leaders, business professionals, and community stakeholders came together at the Frenchville Sports Club last month for the 2024 Major Projects and Industry Forum.
Hosted by Capricorn Enterprise and sponsored by Central Queensland Power, the event featured 14 speakers over three sessions spotlighting Future Energy, Projects and Manufacturing, Research and Education.
There were also three panel sessions where audience members had the chance to ask the presenters’ questions.
Capricorn Enterprise chief executive officer Mary Carroll said the biggest discussion in the morning’s panel was about the energy transition and challenges reaching government Net Zero targets.
“There’s so much information to absorb just in the energy space,” she said.
“This was a great opportunity for people to ask questions, to understand what the challenges are, because where there’s a challenge, there’s also an opportunity.
“The major projects that are happening in this area are very diverse, from tourism to renewable energy, to major education and health construction.”
Ms Carroll said the forum was open to interested members of the general public as well as business representatives, with candidates for the upcoming State Election also attending.
Afternoon session speaker Jennifer McGuire is the CQ regional manager for the nationwide AusIndustry network.
“Businesses are really keen to understand how they can pivot and change their business and potentially innovate and grow to service these new large renewable energy projects,” she said.
“It is my role to identify those businesses in the supply chain, or who could potentially be in the supply chain of these major projects and to link them with the government’s programs and funding.”
Ms McGuire said local contractors needed to consider their own energy efficiency, as renewable energy projects would select those contractors that align best to their values.
Stanwell Power Station general manager Angie Zahra spoke about Stanwell’s own energy transition as the state energy provider moved to diversify its portfolio to include renewable energy.
“Our aim is to still keep the lights on for Queenslanders, but also be able to ensure our assets can actually help build that renewable portfolio so that we actually have a business here beyond the closure of coal.”
Other speakers included Mark Grenning from EUAA, Max Hogan and Blake Harvey from Energy Queensland, Mitchell King from
Hetherington
Construction
Hugh Barbour from Gladstone
Gladstone reaps benefit of hosting international delegations
By Shelby Gurney
Gladstone Regional Council has recently shown its support to growing overseas trade and investment by welcoming a number of international delegations to the Harbour City.
The delegates from Japan, Austria, Germany and The Netherlands travelled Down Under to attend the Australia Pacific Hydrogen Summit and Exhibition 2024 in Brisbane last month.
More than 160 international Delegates in attendance took the opportunity to travel to the hydrogen powerhouse of Gladstone while in the country.
Mayor Matt Burnett said it has been fantastic to welcome delegations to Gladstone.
“We don’t wait for economic development to come to us, we seek out and invite that economic development to come to Gladstone,” Cr Burnett said.
“They’re here now, they’re looking
around and they love the place and I have no doubt there will be economic development and investment in our community as a result.
“We’re very lucky to be supported by the Gladstone Engineering Alliance, Central Queensland University, Fortescue, CQ-H2 Project, Sumitomo.
“Gladstone is certainly on the top of the list for many of these companies, wanting to work, invest, set-up and support local indus-
tries and establish new ones here in Gladstone.
“It’s a very exciting time in our region.”
During their stay in Gladstone, the delegations attended harbour and industry tours, as well as roundtable and networking sessions.
The featured events were helpful in supporting delegates in building connections with local stakeholders and establishing opportunities for investment into renewable energy developments in the Gladstone region.
Early works begin on Hub
State Minister and Gladstone MP Glenn Butcher joined Powerlink officials to kick off early works at the site of the SuperGrid Training Centre and Transmission Hub at Gladstone.
The state-of-the-art facility will provide critical skills development and apprentice training opportunities to hundreds of workers as the energy transformation rolls out.
Powerlink’s Central Queensland network plays a critical role in securing reliable power supply as heavy industry players electrify their operations to reduce emissions.
Powerlink has commenced work on strengthening the existing transmission grid with several investments, including a new transmission line between Calvale Substation and Calliope River Substation (near Gladstone) that will leverage easements that Powerlink obtained in the 1980s.
Engagement with landholders and local communities is well underway on this new transmission line which is mostly co-located with existing network infrastructure, reducing social, environmental and economic impacts compared to constructing in a new location.
This work will enable the efficient flow of electricity around the state, ensuring supply to Queenslanders as more renewable energy sources enter the market.
Construction on the SuperGrid Training Centre and Transmission Hub is due to begin by the end of the year.
Mr Butcher said it was great for the Harbour City that the publicly-owned company was establishing their base in the region.
“Central Queensland has always been a strong pillar of Queensland’s economy and that will be no different as we lead the way to a re-
newable energy future,” Mr Butcher said.
“What this means for Gladstone is more industry, more supply chain opportunities and jobs for the next generation.
Energy and Clean Economy Jobs Minister Mick de Brenni said the hub would be a worldclass facility and give the Central Queensland community the confidence that there are jobs and training abundant.
“To meet our targets, we will we absolutely rely on the Queensland SuperGrid and that workforce will be bred here,” Minister de Brenni said.
“Building the SuperGrid is key to unlocking 100,000 new jobs in energy generation, green hydrogen, critical minerals mining and battery manufacturing, so everything we see happening in this busy region is essentially driving the clean energy industrial revolution.”
Powerlink chief operating officer Gary Edwards shared how establishing a base in Central Queensland was exciting for the organisation as they expand their regional presence.
“This hub will host hundreds of energy workers over its lifespan, who will be responsible for building and connecting Queenslanders to a world-class transmission network,” Mr Edwards said.
“Since we established our presence in Central Queensland, we have been expanding our workforce which includes six apprenticeship positions this year alone.
“The next generation of workers will have access to state-of-the-art training facilities right here in Gladstone.
“We are excited for what the future holds in the region.”
Mine death investigation
By Di Stanley
The Bowen Basin coal industry is reeling after the fourth on-site death of a mine worker this year at Glencore’s Oaky Creek North underground operation near Tieri on Wednesday, 2 October.
The worker, a man in his thirties, suffered significant head injuries and died at the scene while a second man in his twenties was airlifted to Rockhampton Hospital with life-threatening head, arm and leg injuries.
Resources Health and Safety Queensland is investigating the tragedy, which is believed to have occurred around 4.30pm when the pair was above ground carrying out maintenance work on an overland conveyer belt.
On Thursday, 3 October, all operations at Oaky Creek were suspended.
“Our deepest sympathies go out to both workers’ families, friends and colleagues,” Glencore’s Australian coal arm chief executive Ian Cribb said.
“This is devastating for our entire Oaky Creek workforce, and we are providing support services and counselling.”
Central Highlands Mayor Janice Moriarty was saddened to learn of the horrific incident within the local government boundary.
“Our prayers are with families and colleagues and our Tieri community at this difficult time,” she said.
Mining and Energy Union Queensland District president Mitch Hughes confirmed MEU Industry Safety and Health Representatives had attended the site 90km north-west of Emerald to conduct an independent investigation.
Mr Hughes said early indications were that the failure of a piece of equipment resulted in the workers being struck.
He said the news would devastate workers across the industry, still mourning two deaths reeling from two recent fatalities at Byerwen coal mine, the latest being on 22 August when a Bundaberg worker, 56, died when the light vehicle he was driving collided with a haul truck.
In January, a 27-year-old man died after being pinned between two vehicles at Saraji Mine, near Dysart.
“We’ve had a shocking run of deaths and injuries in the Queensland coal industry and unfortunately we are seeing some patterns in the kind of work being performed when things go wrong,” Mr Hughes said.
“We will leave no stone unturned in uncovering what has gone wrong at Oaky North.
“But we will also be pushing for an industrywide examination of work practices, especially involving contractors and maintenance tasks, who are sadly over-represented in serious workplace accidents. Something in this area of our industry is not working and not protecting our contract coal miners.
“We need to look broadly at training, supervision, systems and workplace culture.
“We extend our heartfelt condolences to families, friends and workmates of the deceased mineworker; and pray for a full recov-
ery for the injured mineworker.”
Resources Health and Safety Queensland chief executive Rob Djukic said the incident site had been isolated by an RSHQ coal inspector while investigations were carried out.
On the campaign trail in Central Queensland, Premier Steven Miles took aim at some of the coal sector’s dominant players, saying more needed to be done to ensure onsite safe standards were upheld.
“This is an awful, awful tragedy and too many mine workers have died this year,” Mr Miles said.
“I feel really strongly about workplace health and safety.
“The onus here in on these companies,
these are big, profitable multi-national companies - they need to be taking better care of their workers.
“Nobody should die at work.
“My heart goes out to the family of this man who has lost his life.”
Keppel MP Brittany Lauga also offered her condolences at the loss of life.
“I offer my sincere condolences to the friends and family of the coal miner who tragically lost his life at Oaky North coal mine,” she said.
“Every worker deserves to go home after a shift... and all our hopes and wishes go to the coal miner who is fighting for his life as well.”
With the Oaky Creek operation due for
closure by 2028, Glencore has already begun discussions about the future of Tieri, purposebuilt to accommodate mine workers when mining began a little more than 40 years ago.
Mine rehabilitation works are already well underway in the lead-up to the closure.
A roundtable held in June 2023 noted Tieri had developed a range of facilities including the shopping centre, aquatic centre, skate park, sporting fields, civic centre, tavern, service station and state school.
Glencoreoperatesthepipelinethatsupplies water for Tieri via the mine and also boosts water security for nearby Capella.
The Central Highlands council derives 51 per cent of its general rates revenue from the coal mining sector.
Milestone for reservoirs
The Mount Morgan Pipeline project has marked another milestone with construction underway on the two new Lucas St reservoirs in Gracemere and just 7km of the 28km pipeline left to lay.
Contractor Haslin has poured the foundations of the two new concrete reservoirs and begun construction of their concrete walls.
When completed, each reservoir will have the capacity to hold 3.65 megalitres (combined, almost three Olympic swimming pools) of treated potable water.
Pipelaying on Razorback Road and in Mount Morgan is also progressing with about 21km of the total 28km already in the ground.
Works on the new Lucas St pump station will start once construction of the Gracemere reservoirs’ walls are completed.
Construction and groundworks for the Moonmera and Old Capricorn Highway pump stations are also in progress.
The $88.2 million project, which is jointly funded by the Federal Government, through the National Water Grid Fund and the State Government with Rockhampton Regional Council, began construction in January 2024 following three years of sustained drought across the Mount Morgan No. 7 Dam catchment.
The entire project is on track for completion in September 2025, weather permitting.
Regional Development, Manufacturing and Water, Glenn Butcher said once complete, the pipeline, reservoirs and water pump stations would deliver improved water security for Gracemere and provide a long-term sustainable water supply solution for the Mount Morgan community following three years of Level 6 water restrictions.
“I’m proud to be part of the Miles Labor Government that is delivering water security for Mount Morgan with the 28km Gracemere
to Mount Morgan Pipeline,” he said.
“Our investments in water infrastructure in projects like the Mount Morgan pipeline, its not just about water security, its about tackling cost of living. “Because every dollar of the $40.4 million we’ve stumped up is funding the council doesn’t need to spend, keeping downward pressure on rates and water charges.
Rockhampton Region Mayor Tony Williams called the project an “absolute game-changer” for Mount Morgan.
“We know that we simply don’t have the catchment size or the rainfall to provide that vital water security the town needs over the longterm,” he said.
“This is a project which has been long talked about and now with this support we are able to deliver this for Mount Morgan’s future.”
Environment and Water Minister Tanya Plibersek said it was fantastic to see the Mount Morgan project moving along.
“We all know just how important this is for the community, with strong backing from all three levels of government,” she said.
“I’m looking forward to water carting becoming a thing of the past, as this project delivers a reliable pipeline of water for Mount Morgan and improved water security for surrounding towns.”
The project is expected to support 50 local
jobs throughout construction with local contractors used for a range of works and services, including the Razorback Road improvement works and services.
The Mount Morgan Water Pipeline project includes:
• The 28km pipeline from Gracemere to Mount Morgan
• Upgrades to the Old Capricorn Highway pump station
• New reservoirs and new pump station at Lucas Street, Gracemere
• A new pump station and small reservoir at Moonmera, halfway along the route to Mount Morgan
Funding to help re-use old mine sites
Queensland Resources Council (QRC) has welcomed funding under the State Government’s Regional Economic Futures Fund (REFF) to examine the use of former mine sites for renewable energy projects.
QRC chief executive officer Janette Hewson said the funding will be used for a feasibility study to determine how wind and solar can be used on mined land in the Bowen Basin.
“Queensland’s resources sector has an international reputation as a world leader in post mining land use and this project will build on this to understand social and community benefits from alternative land uses,” Ms Hewson said.
“$500,000 provided through the REFF along with a $50,000 contribution by the QRC will fund a feasibility study to evaluate the potential of renewable energy projects on mine sites in the Bowen Basin between Moranbah
and Middlemount.
“Queensland’s resources sector is working with the renewable energy industry to support the study, which includes community consultation and working closely with local conservation groups and third parties like the Fitzroy Partnership for River Health.”
The feasibility study will identify the possibility of developing a demonstration site as well as review technical requirements, economic viability and potential flow on benefits.
“This is another example of Queensland’s resources sector taking progressive measures in sustainability that could enable social and economic benefits for local communities from post mining land,” Ms Hewson said.
“Using the land to develop renewable energy projects can help diversify traditional mining communities when it comes to employment and local industries that support
the resources sector, such as Mining Equipment, Technology and Services.
“There is also scope in the program to determine whether renewable energy could be accessed by the region, including energy for other industries or local businesses.
“The research will also consider whether recycled materials can be used to construct the facilities or whether existing site infrastructure can be reused which is important information in the move to a circular economy.
“The findings will be helpful to the rest of the resources industry and for regulators to allow for further innovation in post mining land use in Queensland.”
The QRC said it was looking forward to commencing the feasibility study before the end of 2024.
Next step in transformation
By Gregor Mactaggart
Banana Shire Mayor Nev Ferrier says his municipality is in the midst of an innovative transformation.
Cr Ferrier made the comments as the State GovernmentdeclaredprogressofQueensland’s first declared Renewable Energy Zone (REZ) in the Callide Valley as on track.
The findings are part of a REZ Readiness Assessment, which was compiled following extensive workshops, community consultations and in-depth studies in Callide, the first of the proposed 12 REZs.
More than 1000 conversions on how to deliver community benefits have been had, with locals believing the change must happen to protect jobs and grow new industry, but want it carefully managed to ensure reliable and affordable energy supply.
Communities also suggested lessons from the gas industry should shape development of the REZ, with renewable energy projects to continue the economic legacy created by coal and agricultural industries.
Cr Ferrier said in just 40 years the Banana Shire landscape has transformed.
“(It) is becoming a futuristic innovative economy, with many renewable projects in the pipeline,” he said.
““While our rich coal reserves have long contributed to our economy, we recognise the need to embrace a balanced and sustainable approach to energy generation as we strive towards the government’s net zero-emission targets.
“As Banana Shire will be home to the proposed Callide Renewable Energy Zone and ongoing investment into the Callide Power Station as a future Clean Energy Hub, it’s only right that the people of the region see a benefit flow through to them.”
The state government said key actions to support early planning for the proposed Callide REZ include:
$5 million seed funding for a Callide REZ Community Legacy Fund with opportunities for developer contributions;
$1.4 million for workforce planning, including development of the Biloela Workforce Accommodation proposal and legacy housing opportunities;
$4.4 million for the Callide Future Hub Training Facility and Visitor Centre;
$3.1 million for a review of region’s transport network infrastructure;
$1.8 million to support a renewable energy engagement and education program;
$3.5 million for industry incentives in the Biloela Industrial Precinct;
$500,000 to help accelerate a new Banana Shire waste facility and resource recovery opportunities;
$500,000 to partner with Banana Shire Council to develop a Callide REZ procurement strategy to connect local supply chains with REZ opportunities;
$1 million for detailed consideration and mapping of the biodiversity of the region and exploring an approach for securing coordinated offsets;
$500,000 for engagement and partnerships with First Nations groups.
$4.1 million to further investigate critical issues such as waste, resource recovery, supply chains, transport logistics and infrastructure
funding models.
Cr Ferrier said it is a key time for the region.
“This transformation represents an opportunity to drive investment into local infrastructure, and council and community services, and we look forward to working with the Queensland Government to carefully manage any impacts and ensure benefits for the local community,” he said.
“We also have a commitment to our regional environment and prime agricultural land. While we are contributing to the overall health of the state’s environment we cannot overlook the local effects, so protecting our own backyard is part and parcel of the package that is being brought together.
“This is the beginning of a new era in the Banana Shire. Let us continue fostering innovation, collaboration and sustainable practices as we shape a better future for generations to come.”
Energy and Clean Jobs Minister Mick de Brenni said with 95 per cent of the investment in the energy system taking place in regional Queensland, it was crucial communities see the benefits flow through to them.
“These REZ readiness assessments are all about giving communities the opportunity to shape investment in their region – we’re committed to delivering the benefits of renewable energy and genuine partnership with Queensland communities,” he said.
“Central Queensland is the industrial powerhouse of our state, we understand the pride communities have in that legacy and we know the only way to secure and strengthen that going forward is by delivering clean, affordable, secure renewable energy.
“The Miles government recognises this is a once-in-a-generation opportunity to lock in energy security while at the same time giving local communities a chance to have a big say in their future.”
Greens plan mine venture
By Karen Simmons
The Greens party have announced plans to establish Queensland Minerals - a State Government-owned mining company that would expand critical minerals production in Queensland’s North-West Minerals Province and share the profits “fairly”.
Queensland Minerals would be a government-owned corporation paying 100 per cent of it’s profits to the people of Queensland. It will own and operate key critical minerals mining projects in the North West Minerals Province (NWMP), with an initial investment of $4 billion from the Queensland Treasury, funded by the Greens’ plan to raise royalties on coal and gas.
The Greens have stated they would amend Queensland law to ensure that Queensland Minerals receives first priority for any new exploration and mining licences for critical minerals in the NWMP, secured via changes to State legislation.
The public mining company will also acquire existing exploration and mineral development licences from private mining companies on commercial terms, paying a fair price based on the value of those leases.
Queensland Greens candidate for Gladstone Beau Pett said for far too long Labor and the LNP have let Australia’s mining wealth flow straight into the pockets of big multinational corporations - with 86 per cent of their profits going to overseas shareholders.
“As any Gladstone local knows, we watch those big profits leave our ports and what does our community have to show for it?” Mr Pett said.
“Queensland Minerals, the Greens’ proposed public mining company, would mean Queenslanders get a fair share from our critical mineral wealth.
“100 per cent of profits from Queensland Minerals would go back to the people of Queensland, with an extra $14 billion to spend on things like hospitals, schools and housing.”
Globally, more than a third of resource production is carried out by state-owned enterprises, and public mining companies in Sweden, Norway and Chile each deliver billions in
“100
public revenue every year to spend on public health, education, services and infrastructure.
The plan includes:
Creating a publicly owned mining company, Queensland Minerals, to take a direct ownership share of Queensland’s estimated $500 billion in critical mineral wealth
An initial $4 billion investment in Queensland Minerals, with revenue expected to reach $14 billion by 2050
1,000 new mining jobs, with priority given to former coal and gas mine workers as well as local First Nations people
According to data provided by the Greens, over the last decade, only 3 per cent of Austra-
lia’s oil and gas revenue flowed to the public as taxes or royalties, while Norway captured 55 per cent in taxes, royalties and profits, due to its publicly-owned oil company.
More data reveals, the Queensland Government is spending more than $6 billion in subsidies for the private mining industry, which is 86 per cent foreign owned.
There is an estimated $500 billion of critical minerals in the North West Minerals Province critical to decarbonising the global economy, including:
$215 billion worth of zinc, used for galvanisingwindturbines,solarpanels,andotherinfrastructure to protect against rust. Zinc batteries are also being developed as a non-flammable,
low-cost alternative to lithium.
$119 billion of copper, the most cost-effective corrosion resistant conductor of electricity.
$15 billion worth of cobalt for batteries.
$28 billion of gold, a corrosion resistant conductor of electricity important for manufacturing efficient, hi-tech electronics and energy infrastructure.
$104 billion worth of lead, used for making highly recyclable batteries as well as insulating sheaths for power cables.
$69 billion of silver which is used to make solar panels.
Plus graphite, vanadium, rhenium, molybdenum, and rare earth elements.
Globally, public mining companies are not unusual
Globally, more than one third of resource production is carried out by state-owned enterprises.
Public mining companies in Norway, Sweden and Chile each deliver billions in public revenue every year to spend on public health, education, services and infrastructure.
NORWAY
Equinor is Norway’s main oil and gas company, owned two-thirds by the Norwegian government. It makes an annual profit of $44
billion. Equinor’s earnings combined with a high royalty and corporate tax rates for private companies means that the people of Norway keep 55 per cent of the value of their oil and gas, $38,000 per year per Norwegian.
The same number for Australia is 3 per cent, and in Queensland big gas companies have paid just four per cent in royalties on their $120 billion in revenue over the last decade. That is less than $100 per Queenslander per year.
LKAB is Europe’s largest supplier of Iron ore and is wholly owned by the Swedish government. It brings in $2.74 billion in profits every year, a profit margin of 44 per cent.
CHILE
Codelco is the world’s largest copper miner and smelter and is owned by the Chilean government. In 2022, Codelco contributed $5.3 billion to the public purse in profits and royalties, or 33 per cent of the company’s rev-
enue. Private copper mining companies paid less, just 8.9 per cent of their revenue. INDIA
NMDC is an iron ore and minerals mining company 70 per cent owned by the government of India. It has a 53 per cent profit margin and makes $1.6 billion in annual profits. NMDC also owns lithium and gold mining and exploration projects in Western Australia.
*Information provided by The Greens party, Queensland
CH council votes to abandon ag college purchase
After five years of advancing talks with the State Government, the Central Highlands Regional Council has abandoned plans to purchase part of the former Emerald Agricultural College site.
The decision was made in closed session at the Wednesday 25 September meeting, with Mayor Janice Moriarty saying it was not in the best interests of ratepayers, or the council, to proceed.
Gregory MP Lachlan Millar said he was bitterly disappointed the State Government had allowed the Emerald ag college to fall into a state of disrepair.
“I understand council coming to that conclusion because it is only going to impact ratepayers,” Mr Millar said.
“The State Government needs to come clean on what they’re going to do with the ag college.
“They’ve been easy to sell Berrigurra for $32.5 million and other assets, but they’ve still got an asset at the campus - what are they going to do with it and why have they been sitting on their hands and what options do we have?”
In 2019, the college was closed and the site transferred to the Department of Agriculture and Fisheries who operate the Central Queensland Smart Cropping Centre adjacent to the 405 hectares offered to the council which includes the former campus and college land extending along the Capricorn
Highway to Foleys Road.
“After ongoing negotiations and years of detailed due diligence, feasibility assessments and community engagement, council decided not to proceed with the purchase,” Cr Moriarty said.
“This decision was not made lightly, but after weighing up the short and long-term benefits and impacts, the significant capital costs to develop the site, associated risks and the ongoing financial costs, council agreed that buying the site was not in the best inter-
ests of council or our ratepayers.”
The council continues to lease the college administration buildings for its local disaster coordination centre.
Mr Millar said he feared the Emerald ag college, in its current state, didn’t have a future.
“The sad thing is that we have got farming and grazing industries crying out for a skilled workforce... we have a shortage of accommodation for labourers in town yet they allowed the newer part of the accommodation to be
unsuitable for use,” he said.
Under former Mayor Kerry Hayes, a precinct plan as an innovation and training hub was developed for the site and due diligence conducted through a valuation report and survey plan.
It was a key component of the Central Highlands Economic Master Plan (2023-27).
Cr Moriarty said many of the buildings would need to be demolished or required major work to bring them up to a basic standard.
“Much of the sewerage, stormwater, road, fire safety, electrical and water infrastructure also requires significant work that would cost ratepayers tens of millions of dollars,” she said.
“To pay for this, council would have to significantly increase its borrowings, and potentially redirect money away from other core council projects and services.
“While not everyone may agree, ultimately purchasing and developing the site is not the core business of council and is best left to commercial investors who have the financial resources to maximise the return for community.
“Council can certainly see the value and potential of the site, however in the current economic climate our focus is on getting back to basics, investing our community’s money wisely and putting this council in a strong financial position for the future.’”
Survey reports optimism
Queensland primary producers are reporting a more bullish outlook on the year ahead, with seasonal conditions and expectations of rising commodity prices the main drivers of optimism, the latest quarterly Rabobank Rural Confidence Survey has found.
This follows a dip in producer sentiment seen in the state mid-way through the year, driven by concerns around high input costs and softer commodity pricing.
This recovery in the state’s rural sentiment is in line with overall national farmer confidence, which rose across the country this quarter.
The quarter three survey, completed last month, found Queensland rural confidence had increased to a net reading of -4 per cent, from -13 per cent in quarter two.
Although net confidence remains in ‘negative’ territory – with more producers pessimistic than optimistic about the year ahead – an increasing number were expecting the agricultural economy to improve in the year ahead – 19 per cent, compared with 15 per cent in the previous survey.
Fewer now expect agribusiness conditions to worsen – 22 per cent compared with 28 per cent previously. Over half of those surveyed (54 per cent) expect conditions to remain the same.
Good seasonal conditions were nominated by 37 per cent of surveyed Queensland producers as a key reason for their optimistic view, while improving commodity prices were noted by 30 per cent.
The survey found concerns around rising input costs had fallen this quarter (nominated by 29 per cent, compared with 39 per cent previously), while soft commodity prices were also seen as less of a worry (for 18 per cent, down from 28 per cent previously).
The spectre of dry seasonal conditions remained for 25 per cent of Queenslanders surveyed, while there were increasing concerns about government intervention/policies (30 per cent this quarter, up from 25 per cent last quarter).
Rabobank acting state manager Brad James said the Bureau of Meteorology’s recent shortterm rainfall outlook – forecasting that rainfall is likely to be within the typical seasonal range over much of the eastern half of the country in coming months – along with the recent unseasonal rain along the state’s east coast, had
given Queensland producers “hope for the season ahead”.
“And the expectation for interest rates to start easing has come as a relief for many producers, who have been watching monetary policies closely in recent times,” he said.
Mr James also cited improving trade relations with China as a source of optimism for primary producers.
“The relaxation of trade embargoes has allowed for confidence to build with in the agribusiness sector that China – a key market for Australian produce – is coming back online,” he said.
More than a quarter (26 per cent) of Queensland producers nominated overseas markets/economies as a reason for their positive outlook on the coming 12 months.
For the state’s beef producers, Mr James said, the survey found a lift in positivity about the opportunities provided by international markets and economies (for 26 per cent, up from 22 per cent last quarter).
“And while not great, cattle prices are solid,” he said. “We saw cattle prices rise through July
with cows and heavy steers showing the largest rise, but encouragingly the young cattle prices also rose as the US market starts to have an impact across all cattle categories.”
Mr James said the bank holds an expectation that cattle prices should continue to rise in the coming months.
Queensland grain growers maintained a neutral outlook this quarter.
The majority of the state’s grain growers are anticipating agricultural economic conditions will remain unchanged in the year ahead, the survey found.
Mr James said, with the start of the Central Queensland harvest, recent rain in cropping regions is expected to help lift yields.
“And conditions for the harvest across the Darling Downs and south-west grain-growing areas are shaping up well,” he said.
“In terms of the outlook for grain prices, historically, seasons with above-average yields have seen the basis erode,” Mr James said, “causing local prices to trade at a discount and these prices are already experiencing downward pressure.”
This quarter, the majority of Queensland cotton growers (71 per cent, up from 61 per cent last quarter) expect agribusiness conditions to remain unchanged, the survey found, with concerns about soft commodity prices and dry seasonal conditions weighing on the sector.
“Another season of strong Australian cotton output can be expected, with an impressive production of five million bales expected nationally for 2024/25,” Mr James said.
“However, the global demand picture is unclear – the market needs to see clear signs of strengthening global demand in order for prices to strengthen from current levels.”
Overall, Queensland primary producers’ investment intentions remain stable this quarter, with 27 per cent expecting to increase investment in their farm businesses over the coming 12 months (compared with 25 per cent last quarter), 13 per cent to decrease investment (up from 11 per cent) and over half (59 per cent) planning to leave investment levels unchanged.
The survey found the most commonlyplanned areas for investment were on-farm infrastructure – new fences, yards and silos (for 53 per cent of Queensland producers), irrigation/water infrastructure (27 per cent) and adopting new technologies (33 per cent).
However, fewer Queensland producers are looking to increase livestock numbers this quarter (23 per cent, down from 29 per cent last quarter).
There was found to be an increased appetite for purchasing additional agricultural land – up to 14 per cent of those surveyed, from nine per cent previously.
Mr James said following a period of reinedin appetite, there is stronger interest in business expansion again – “which is buoying the Queensland rural property market”.
A comprehensive monitor of outlook and sentiment in Australian rural industries, the Rabobank Rural Confidence Survey questions an average of 1000 primary producers across a wide range of commodities and geographical areas throughout Australia on a quarterly basis.
The most robust survey of its type in Australia, the Rabobank Rural Confidence Survey has been conducted since 2000 by an independent research organisation.
The next results are scheduled for release in December 2024.
Saving best for last
By Breanna Lloyd
Buyers at the Central Brangus Classic saved ‘the best for last’ after a bidding war erupted over the last bull on offer, lot 136 on Friday, 27 September at CQLX Gracemere.
Bullrush Gordon, offered by Mark and Pauline Lloyd, Bullrush Pastoral, Nebo, sold for $34,000 to Linda and Lou Geddes, LA Geddes Co, Stanage Bay.
The 35-month-old polled Brangus bull, sired and dammed by Bonox and Bullrush Pastoral blood, weighs 938kg and has a scrotal size of 40cm.
Bullrush Brangus had two reasons to celebrate on Friday after purchasing the second top-priced bull for $27,000 offered by LA Geddes Co. and auctioned by Julian Laver.
Couti-Outi Cabrillo 1253, lot 29, is a 35-month-old registered bull, weighing 925kg with a 43.5cm scrotal size.
His sires and dams follow back to Palgrove and Couti-Outi bloodlines.
The Lloyds said they were extremely overwhelmed by the incredible result.
“We couldn’t be more humbled that purchasers were willing to pay so much for our cattle,” Mr Lloyd said.
“This is something we were not expecting, especially to top the sale with a herd bull, we are considering this as a once-in-a-lifetime opportunity.
“We are very proud of how the bulls behaved throughout the selling process as well.”
Bullrush General, a 34-month-old polled herd bull, sold for $22,000 to WJ and MF Maguire and their third bull, Bullrush Granville, a 35-month-old scurred herd bull, was sold to Jason and Maria Lloyd of Beeblee Brangus for $16,000.
This being their highest achievement at a sale yet, the Lloyd family are excited for what the future holds.
“All vendors are terrific cattlemen/women and we thank them for their devoted support,” Mrs Lloyd said.
“The entire sale process is always well organised and everyone involved should be proud of themselves.
“We look forward to next year’s sale will hold.”
Looking at the overall sale results and out
of the 120 Brangus bulls offered, 115 were sold leaving it to a 96 per cent clearance rate, with an average of $10,008.70.
The females received a 100 per cent clearance rate of the 14 offered, with an average selling price of $4571.43.
The top-priced female, Bonox B1592, is a registered heifer from Bonox Brangus, BN and LJ Woodard, sold for $7000 to TJ Kuskey.
Aussie egg farmers whip up Canberra
Australian egg farmers took their product to Canberra to celebrate World Egg Day at Parliament House on Friday, 11 October.
They were accompanied by a message that eggs are among the most environmentally sustainable and affordable sources of protein during the cost-of-living crisis.
Queensland remains Australia’s largest egg producing state with 35 per cent of the nation’s commercial laying flock, followed by NSW 30 per cent and Victoria at 19 per cent.
A select number of MPs and Senators attended a World Egg Day breakfast hosted by Egg Farmers of Australia (the voice of the nation’s leading free range, cage and barn laid producers).
Egg Farmers of Australia chief executive officer Melinda Hashimoto said 2024 had proven to be a challenging year for the egg sector, but egg farmers were “resilient”.
“We have seen challenging economic
times, rising interest rates, bad weather and outbreaks of devastating Avian Influenza in some states. These factors put pressure on producers. But Aussie egg farmers are very resilient,” Mrs Hashimoto said.
“Despite these setbacks consumer confidence in Australian egg production and consumer demand for eggs continues to grow.”
Australia’s commercial farmers produce about 6.3 billion eggs a year to satisfy the nation’s growing appetite for eggs, most of which come from family-run farms.
This year’s World Egg Day theme is “United by Eggs” which highlights how the humble egg can connect and unify people from all corners of the globe.
“Every culture has an egg dish that is a star of any family or community celebration. Plus, many people may not realise that eggs have one of the lowest carbon footprints of any protein that we eat,” Mrs Hashimoto said.
In Australia, egg farmers continue to lead the way in implementing many new technologies that will further reduce their agricultural carbon footprint and benefit the planet.
LNP to sow seeds of agriculture innovation
The LNP has announced a Sunshine State first agriculture innovation fund, designed to deliver cutting-edge insights and farming productivity to boost Queensland’s farm gate output to $30 billion by 2030.
The $30 million investment is designed to attract the best and brightest research opportunities to Queensland, in partnership with industry and universities under the Cooperative Research Centre model, to unearth the world’s best farming innovation.
The announcement follows the LNP’s commitment to beef-up biosecurity to tackle emerging threats to agriculture, with 100 additional biosecurity officers for the regions, a review of Labor’s closure of the frontline Cape York Biosecurity Facility and strengthening La-
bor’s failed fire ant eradication program.
LNP leader David Crisafulli said the LNP’s landmark Sowing the Seeds of Farming Innovation fund will be kickstarted with a $30 million injection, as part of the LNP’s Right Plan for Queensland’s Future, if elected on 26 October.
“The LNP will cultivate an environment for research into Australian agriculture, delivering better productivity in farming and cutting-edge techniques to grow farm gate production,” Mr Crisafulli said.
“Our investment will attract the biggest and brightest research opportunities and harvest opportunities to boost the future of agriculture.
“Research and development are fundamental to bringing new technology and expertise to life, and critical to the ongoing success of
BATMan begins at UniSQ
It might not be saving Gotham City, but the University of Southern Queensland (UniSQ)’s Bachelor of Agricultural Technology and Management – affectionately known as “BATMan” to its teaching staff – is leading the way with using the latest technologies to solve real-world agricultural challenges.
UniSQ student Mia Ketterer was instantly drawn to the BATMan program after a traineeship at the Sunshine Coast’s Templeton Ginger sparked her interest in the many applications of ag tech for improved productivity, sustainability and efficiency.
“The farm on which I worked was trialling a Weedseeker – a form of precision spraying technology – which sparked my interest in ag tech and helped me see where the future of agriculture was heading,” Ms Ketterer said.
“I’ve always had an interest in plants and animals and anything to do with the outdoors, so I knew I would enjoy a career involving that.
“This degree is exactly what I was looking for; it covers so many different aspects of agriculture, with a focus tailored to ag tech.”
Ms Ketterer, who grew up around agriculture and is currently based at Gympie, said she was particularly interested in drone operations. She recently put her drone-flying skills to use at the UniSQ Toowoomba residential school, which she passed with flying colours.
BATMan acting program director Michael Scobie said it was Queensland’s first dedicated degree in Agricultural Technology and Management, and one of only two in Australia.
“While UniSQ offers degrees in Agricultural Engineering for those who want to design technologies, and Agricultural Science for those who want to understand the basis of ag-related issues, the BATMan is a practical, hands-on degree that attracts students who want to be on the forefront of solving agricultural issues using the latest technologies,” Mr Scobie said.
Queensland’s $23.6 billion agricultural industry.
“The vital work of Queensland’s Department of Agriculture and Fisheries has been derided and devalued under Labor, but the LNP will restore Queenslanders’ trust in their role as a trusted advisor and partner to industry, not red tape and bureaucracy.”
Mr Crisafulli said the LNP’s commitment would allow for applications from universities and industry to be made to government if the LNP are elected this month.
“The key focus and criteria for the fund wouldbehowQueenslandgrowerscanachieve better productivity on the farm, and ensuring our producers are at the cutting edge of agricultural technology and innovation,” he said.
“The degree is different to many other university courses as it is very applied; our students are consistently working with researchers and industry on real world problems and research projects so they can see the realities of working in agriculture.”
Students in the BATMan program have the opportunity to work with international businesses such as John Deere, Raven and Incitec Pivot.
They learn to use innovative technologies to improve productivity and opportunities for farmers across Australia and the globe.
So, while students may not be operating the Batmobile, they are helping to save the world.
Feedback session success
CAPRICORNIA CHAMBER OF COMMERCE UPDATE
The work of the Central Queensland Industry Collaborative (CQIC) has continued since the last update in March.
In particular, the feedback session with Laing O’Rourke on the work undertaken by local contractors at Shoalwater Bay Military Training Area went very well.
Laing O’Rourke heard first-hand about the experiences of subcontractors on the project and undertook a review of their processes accordingly.
While no further official meetings have been held, the five industry development issues, identified by CQIC some years ago, remain valid and urgent.
These are:
• Skills shortage and labour turnover.
• Shorter payment terms to better manage cash flow.
• Requirement to leave a positive post-project legacy.
Scopes that suit capabilities and capacity (SHMS and QA ISO 9001 capability funding) improving those capabilities for not only regional but beyond;
Ensuring Tier 1 project proponents understand capability and capacity early in project planning (forum of capabilities).
The session with Laing O’Rourke certainly contributedtothislastissue. Earlierworkonthe Precast Employment Pathways Program (PEPP) training initiative saw this initiative be realised.
In the background, the need to maintain a current understanding of forthcoming major projects has remained high on CQIC’s agenda.
In particular, recent fatalities and other accidents on the Bruce Highway have highlighted the need for significant upgrading of this arterial route.
Ongoing economic and industry growth in
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Rockhampton and Gladstone is another major driver of the need in this region.
CQIC representatives have used opportunities with elected representatives to advocate for early commitment to such a project, which has emerged as the group’s highest priority.
Of course, the forthcoming State election, and a Federal election not long after, provide
the catalysts for this advocacy to continue and indeed ramp up.
Work by CQIC some time ago highlighted the relative lack of ongoing major projects in the region to provide a stream of work for local contractors, both large and small.
A workshop in early 2023 resulted in a substantial list of possible projects; these were listed in CQIC’s last update.
Unfortunately, external circumstances have prevented the planned public presentation of ideas and suggestions for future projects.
However, a way to do this is being formulated at the moment.
Against a background of broad support for this region gaining a greater proportion of funding for major projects, CQIC has been successful in drawing together a wide group of interested organisations and businesses.
Outcomes have included identifying the key issues impeding greater success in obtaining work with major projects, and identifying what needs to be done in future to guarantee continued economic growth and diversification in the region.
The group has also realised some different initiatives, such as raising funds for community programs.
Foremost amongst these have been lunches with well-known speakers such as NRL great Billy Moore.
Recipient organisations included RACQ Careflight and the Shelter Collective.
That said, a variety of factors have prevented the group from maintaining its previous level of activity and this situation seems unlikely to change in the near to medium future. Accordingly, discussions have commenced with other organisations with a view to CQIC’s catalogue of activities they are undertaking.
Surpluses ease debt woes
By Federal Treasurer Dr Jim Chalmers
Responsible economic management has been a hallmark of the Albanese government since day one, and there’s no clearer proof than the two straight surpluses we’ve delivered.
These consecutive surpluses were confirmed in the Final Budget Outcome (FBO) for 2023–24, which Finance Minister Katy Gallagher and I released recently.
This is the first time a government has delivered back-to-back surpluses in nearly two decades.
In dollar terms, they are the biggest consecutive surpluses on record.
These surpluses are helping to pay down debt and they are helping in the fight against inflation.
They are building our fiscal buffers at a time of global volatility and uncertainty.
And they have been achieved while we’ve rolled out responsible cost-of-living relief, made important investments in future growth and funded other pressing priorities.
The FBO showed that the underlying cash balance for 2023–24 was a surplus of $15.8 billion, or 0.6 per cent of GDP.
This followed a $22.1 billion surplus the year before, which was 0.9 per cent of GDP.
For the year just gone, the budget position has improved by $72.3 billion compared to what we inherited, and the surplus is $6.4 billion bigger than the budget forecasts in May.
The bigger surplus relative to the budget forecasts was entirely due to lower government spending, not higher revenue.
In fact, tax receipts were down by $5.3 billion, but payments were down by $10.2 billion.
This reflects the type of responsible economic management and spending restraint that has seen us engineer a historic turnaround
Federal Treasurer Jim Chalmers writes the Final Budget Outcome showed that the underlying cash balance for 2023–24 was a surplus of $15.8 billion, or 0.6 per cent of GDP. This followed a $22.1 billion surplus the year before, which was 0.9 per cent of GDP. (File)
in the budget position since coming to office.
Across our first two years in government, the Commonwealth’s budget position has improved by $172.3 billion in comparison to what we inherited from our predecessors.
This is the biggest nominal improvement in the budget in a parliamentary term.
Our critics will attempt to diminish and downplay this result, but the truth is, if we took the same approach as our predecessors, we wouldn’t have delivered either of our back-toback surpluses.
We have returned 87 per cent of upwards revisions to revenue since coming to government.
Our predecessors only returned around 40 per cent.
Real payments in 2023–24 grew by 2.9 per cent, which is much lower than the 4.1 per cent
average under the previous Liberal government.
And we’ve found $77.4 billion in savings and re-prioritisations, including $12.2 billion in 2023–24, which compare to zero savings in the last budget of our predecessors.
A surplus is not an end in itself, it’s an important way to pay down debt, take pressure off inflation and build better foundations for a stronger economy.
Because of our efforts, gross debt was $149.1 billion lower in 2023–24 than forecast at the election, which means we avoid around $80 billion in interest costs over the decade.
Our two surpluses are also helping in the fight against inflation, as the Reserve Bank Governor has acknowledged.
As we saw recently, monthly inflation is less than half of what we inherited and less than a
third of its peak, and underlying inflation fell to its lowest rate in more than 30 months.
At the same time, we’ve rolled out meaningful cost-of-living relief including tax cuts for every taxpayer, and some of our policies have directly contributed to this lower inflation result, including energy bill relief, increases to rent assistance and cheaper childcare.
We’ve also ensured our surpluses haven’t come at the expense of important investments in things like Medicare, housing, the net zero transformation or national security.
We’re proud of the substantial improvement in the budget on our watch, but we’re not getting ahead of ourselves or pulling out the back-in-black mugs.
Structural pressures on the budget are intensifying rather than easing.
That’s why we’ve taken decisive action to address some of the biggest structural spending pressures on the budget.
We’ve made important reforms to the NDIS and the aged care system, and by reducing the debt we inherited, we have avoided billions of dollars in interest payments.
Our fiscal strategy is striking the right balance between fighting inflation, providing cost-of-living relief, supporting growth and strengthening public finances.
We are repairing the budget without hurting an already weak economy, putting people under more pressure or ignoring urgent and unavoidable spending.
There is more work to do, but whether it’s back-to-back surpluses, record job creation, moderating inflation or a return to real wages growth, we are making meaningful progress.
It’s a testament to the responsible economic management of the Albanese government and the efforts of workers, businesses and communities right across Australia.
Doers, don’t we need ’em?
Who remembers the corner store?
Selling basic grocery lines, drinks, ice blocks, and lollies by the packet.
You got to know the owner(s) name and then yours, along with what lollies you liked.
They seemed to be on every fourth corner.
In my old neighbourhood, I can remember six corner stores, within just an 800-odd metre radius of the family home.
Some corner stores still exist, such as a small convenience store or burger bar, with some grocery essentials.
Some have been repurposed into other businesses; cafes, hair and beauty salons or professional offices.
While others are now private residences or were just demolished, perhaps to make way for a new home, shop, or office.
None of the six in my old neighbourhood, exist now as a typical corner store.
Fundamentally, corner stores became a victim of larger supermarkets (with the accompanying shopping centre).
Along with other neighbourhood businesses, like the butcher, newsagent, barber, fish and chip shop, that once were within walking or a short bike ride distance.
Micro-businesses, family-run or owneroperated.
Now that supermarkets are supposedly starting to get on the nose, (well, the two major ones), could the corner store make a comeback?
Generally, no, but as working from home, homeschooling and road congestion increase, selective opportunities will present themselves.
However, more neighbourhood businesses, could, with the right encouragement, once again frequent greater parts of suburbia.
(Arguably, this trend has already started in some communities.)
Not necessarily on a corner block, or even visible to the passer-by.
It might be a 100 per cent digital business, hidden amongst the work-from-home employees and the visible work-from-home businesses.
Hidden from council regulations and charges, higher insurance premiums and potential capital gains tax.
Even hidden from the landlord.
These legitimate ‘hidden’ businesses, (along with other micro-businesses), need to be encouraged, not necessarily to physically be visible, but to grow and multiply.
The councils that do, will have a much bet-
ter chance of developing, retaining, and attracting the doers.
Doers; are people, like those who started the corner shop (amongst other business endeavours), entrepreneurial, innovative, creative, and inspiring people.
People are prepared to have a go.
Essential for each community, in making it more dynamic, vibrant, sustainable, and attractive, for like people to move to.
The very type of people our Federal and State (Queensland) Government want to leave the region to go to the southeast corner of the state, with a $100 million carrot, the goal, of bringing high-paying, high-tech jobs to South East Queensland.
The SEQ Innovation Economy Fund, (not Queensland, SEQ,) has a $50 million commitment from each the federal and state governments to develop innovation infrastructure.
“We want to help grow South East Queensland’s innovation economy,” said Jenny McAllister, Federal Minister for Cities.
Just to add more vinegar to the straining stitches just keeping Queensland as one state, she adds, “investing in future technologies and industries will drive innovation, create more high-value jobs opportunities and make South East Queensland an even more exciting place to work and live.”
I am sure it will.
How can regional and rural communities
stimulate, retain, and hopefully attract the doers?
People necessary to help their communities to be more exciting place to work and live.
By doing something themselves, not expecting much help from the state or federal government!
Residential, micro-business blended land developments; estates specially designed to attract those that wish to operate a micro-business from home and/or build a purpose-built shop/office for their business idea.
These could be part of the solution, in retaining and attracting doers.
A step forward from land developments having open green spaces, community pool and activity centre.
Blended residential/business land developments where fibre to premises internet connection is standard, randomly placed casual meeting areas are on pedestrian-friendly walking/bike tracks throughout the estate, secured large mailboxes are in a central location with easy courier truck access, street libraries, clerical support is within a coffee shop, there is a multi-purpose community hall, along with a common secured parking area for caravans and trailers, community garden, plus upcycling drop-off workshop.
These features would set the development apart from others.
Features that encourage networking, col-
laboration, mutual support, innovation, and new ideas to flourish; all conducive for microbusinesses to grow and multiply.
After all, a 100 per cent digital business can nearly operate from anywhere, why not a regional or rural community, away from the congestion of South East Queensland?
Can regional and rural councils make this kind of development attractive for developers?
As there is more to be gained, than just additional rate and excess water charge revenue.
And, arguably, offers a more long-term sustainable platform, than chasing a big business with enticements to relocate (especially without access to taxpayer funded cash buckets like the SEQ Innovation Economy Fund).
These blended estates, do not necessarily have to be new land developments.
It could be a way of reinvigorating some tired parts of a town, perhaps even a whole town, ultimately improving the rateable value. And, more importantly, the residents’ standard of living.
Remembering when corner shops were common, like mini community hubs, where neighbours met, talked, found out what was going on, may prove beneficial in us planning how regional and rural towns can survive, and hopefully sustainably thrive, in the future.
Kestrel Coal LEIPs ahead
The State Government has invested in Kestrel Coal’s gas-to-electricity power project which has the potential to reduce mining emissions by more than one million tonnes of carbon dioxide over eight years.
Kestrel Coal is the second partner in the government’s $520 million Low Emissions Investment Partnerships program.
The project, to expand the underground mine’s drainage system to capture more fugitive gas, preventing it from being released into the atmosphere, is expected to create about 160 additional jobs on top of the existing, 700-strong mine workforce, ahead of full operations in 2026.
“Kestrel has focused our resources on targeting substantive and innovative emissions reduction projects,” Kestrel Coal Resources chief executive officer Shane Hansen said.
“This funding is a key enabler of our decarbonisation strategy and we welcome the partnership with Queensland Treasury and the LEIP program.
“The project will help support the future of our workforce as we continue to sustainably
supply the steelmaking industry.”
The 30-megawatt power station will be built at the Kestrel mine, north of Emerald, and will generate enough electricity to power more than 40,000 homes.
“Queensland’s metallurgical coal mining industry provides helps forge the steel that is necessary to build renewable technologies and achieve a net zero transformation,” Deputy Premier, Treasurer and Minister for Trade and Investment Cameron Dick said.
“The LEIP program is accelerating opportunities to drive down emissions, while supporting Queensland’s resources industry,”
“Kestrel’s project will mitigate emissions being released into the atmosphere using proven abatement technologies.
“Importantly, we’re protecting jobs in regional Queensland and supporting an industry that is crucial to our renewable energy future”.
The LEIP program is an initiative to bring forward private sector investment to fast-track emissions reduction in Queensland’s highest emitting facilities.
Bravus recognised for groundwater approach
Bravus Mining and Resources’ high-tech approach to groundwater research near the Carmichael mine in Central Queensland has earned national recognition in a prestigious industry award.
The regional Queensland business has been named a finalist in the Excellence in Environmental Management and Sustainability category at the 2024 Australian Mining Prospect Awards for applying militarygrade drone technology to discover and protect previously unknown groundwater springs.
Bravus Mining and Resources chief operating officer Mick Crowe said the company had partnered with Eco Logical Australia to add multispectral and thermal imaging to its comprehensive scientific programs that help to safeguard the health of the Great Artesian Basin-fed Doongmabulla springs.
“Carmichael has some of the strictest environmental conditions of any resources project in Australia’s history,” Mr Crowe said.
“That means we also have some of the best environmental monitoring and scientific research programs in the world, especially in the areas of groundwater, species, and biodiversity management.
“We have scientists on the ground every twomonthstoobserveandrecordwaterlevels and water quality at more than 135 sites around our Carmichael mine, and we have scientists who routinely map the extent of vegetation at key groundwater springs.
“What we have done with Eco Logical Australia is take that expert on-the-ground science into the air as well with new multi-
spectral and thermal imaging drone technology.
“This has allowed us to map the large and remote study areas faster and in greater detail than ever before, and that has produced some outstanding environmental outcomes, including finding previously unmapped spring vents that are as small as 10 centimetres in diameter and sit within hectares and hectares of bush.
“The award nomination is deserved recognition of the team’s expertise and efforts to drive new approaches to monitoring complex ecosystems and we’re enormously proud that what they’ve done at Carmichael can now be applied to best-practice environmental management across the world.”
An insight into the future
Safety on frontline
In the wake of recent deaths across the Queensland mining sector, one of the biggest resource companies says it is empowering frontline workers to rewrite safety measures.
Anglo American, which operates the Aquila and Capcoal mines, near Middlemount, the Dawson Mine, near Moura and two other mines near Moranbah, said its frontline workers have been empowered to shape a new Fatal Risk Management (FRM) program, one that is easy to use and doesn’t add another layer of red tape.
Anglo American Australia chief executive officer Dan van der Westhuizen said embedding frontline workers in the project team was crucial in designing the simplified and standardised tools as they understood the risks better than anyone else.
He said the team included a mix of operators, coordinators, supervisors, superintendents and contractors across its operations.
“Fatal Risk is not a new concept for the mining industry and learnings from our people, peers and industry experts have informed our approach,” he said.
“Our point of difference has been cultivating FRM from the operator level to leverage the insights and experiences of our frontline workers to ensure we have the best chance of getting it right.”
Our FRM program comprises 14 Fatal Risks and 50 crucial Fatal Controls that sit underneath risks and these must be in place to help prevent a fatality from occurring at the frontline. Every job. Every time.
“These 14 Fatal Risks are sobering because they represent circumstances where a teammate in our business or industry has lost their life or been seriously injured on the job,” Mr van der Westhuizen said.
“It’s not often you get a chance to stop, take a step back and create a new way of working but we knew we had to make a change. Everyone deserves to go home to their families, friends and loved ones at the end of every shift.
“We know that change is not easy and a culture doesn’t change overnight, but we know
that we are moving in the right direction.”
Anglo American has been named a finalist in the 2024 Prospect Awards for the rollout of its Fatal Risk Management project – created by the frontline, for the frontline.
Aquila and Capcoal mines, which piloted the new program across the Middlemount operations, had teams flying to Perth for the awards dinner held on 9 October.
Capcoal exploration supervisor Will Parfitt, who has been in the mining industry for more than 17 years, said he had been proud to represent his colleagues as a member of the Fatal Risk frontline team.
“There is nothing more important than the safety of my colleagues across Anglo American and this is one of the most important things I’ve done. I’m really proud to be involved,” he said.
“We now have one universal Take 5 book and Job Risk Assessment template across all operating divisions – among the last lines of defence when it comes to identifying and managing risk at the frontline.
“Five different variations existed before which was extremely confusing and painful for our workers and contractors who work across multiple sites.
“It wasn’t an easy process – we each brought our own views, perspectives and things we
FIFO life not always lonely
New CQUniversity research has found FIFO parents and partners are no lonelier than the rest of the parenting population.
But the study highlighted parents with a family member working remotely say parenting teamwork and consistency is tougher to achieve.
The research was led by CQUniversity psychology graduate Rebecca Brown and Associate Professor Matthew Thomas, CQU’s Appleton Institute for health and wellbeing deputy director.
As part of her honours project, Ms Brown studied fly-in, fly-out (FIFO) and drive-in, drive-out (DIDO) workers and their partners to analyse family and wellbeing.
“We know mental health for this cohort can suffer, and impact workplace productivity, general wellbeing, relationships, and even development of workers children,” the Mackay-based teacher and counsellor said.
“My study actually found both workers’ and partners’ life satisfaction and loneliness were comparable to parents in the Australian community generally – but remote working life does present specific challenges.
“Respondents reported above-average difficulty with parenting consistency, parents’ emotional adjustment around roster changes, and how family relationships are maintained.
“Interestingly, there was also no correlation between frequent communication and reduced loneliness – so strong and satisfying relationships can be achieved even if partners aren’t frequently in touch during remote working stint.
“The findings highlight the specific supports that remote workers and families
Research by CQUniversity psychology graduate Rebecca Brown has found FIFO life is not necessarily lonely, but parenting is tougher.
might need to thrive, and I hope they can help destigmatise those challenges, and encourage families to seek that help.”
The research heard from 300 people, with average 2.17 dependents, and most workers on a 7/8 days on, 5/6 days off schedule.
The cohort had considerable experience in remote working lifestyle, with 69 per cent FIFO/ DIDO for more than five years.
Ms Brown also found that the cohort reported significantly higher than average life satisfaction when families felt like they’d achieved life adjustments despite the challenges.
Those positive feelings came with better parental teamwork, family relationships and emotional adjustment.
“We know around 70 per cent of Australia’s remote workers have children – so families need to know that strong parenting and relationships are possible, with the right supports.”
thought our individual sites wanted and needed.
“We recognised early on that we wouldn’t be able to please everyone or achieve perfection. We wanted to design the best tool that met the needs of the majority.
“When coupled with the other tools in our FRM system, our Take 5 provides the prompts to change our frontline’s perception and tolerance to risk.”
Capcoal dozer operator Emily Page, also involved in the FRM team, said she loved mining and could never go back to a normal nine tofive job but being on site for a fatality was “the worst thing in the world”.
“If we can make sure everyone goes home every day, that’s the most important thing,” she said.
“The most important thing to come out of the mine is the miner.
“I just don’t want anyone to lose their life, not just in Anglo American, but in the industry; it’s got to stop.”
Safety superintendents Lunetta Friend and Jenna Graham, from Aquila and Capcoal mines respectively, were named Safety Advocate of the Year finalists in a joint entry for their work rolling out the FRM pilot program at the two sites.
Overpass reopened
The Caval Ridge Mine overpass on the Peak Downs Highway has reopened to traffic after extensive works to reconstruct the damaged structure.
The reconstruction works included propping and stabilising the structure and removing the damaged span before it could be replaced.
The overpass was closed in late April 2024 after it was significantly damaged by a low loader transporting an excavator on the mine haul road.
The highway was temporarily closed to ensure the safety of road users and site workers while the area was made safe, damage assessments were undertaken and a sidetrack was built.
A two-kilometre, fully-sealed temporary sidetrack was quickly constructed to ensure a safe passage for all road users while work to reinstate the overpass was completed.
TMR Central Queensland regional director David Grosse said the reopening of the overpass was a significant moment.
“The Peak Downs Highway was temporarily closed at this location to ensure the safety of road users and workers, while comprehensive damage assessments and repairs were carried out,” he said.
“The Department of Transport and Main Roads worked with the mine operator to quickly establish a sidetrack as an alternative and have now successfully reinstated the overpass.
“Reconnecting the community has always been our priority, and we are grateful for the community’s support during these crucial works.
“We acknowledge the challenges the community faced during this period and thank everyone for their patience.”
Save our roads, says mayor
The Mayor of Queensland’s biggest resource region has called for all political parties to commit to over half a billion dollars to address the critical state of roads that drive royalties.
As the 2024 state election looms, Isaac Regional Council Mayor Kelly Vea Vea said the necessity of safe roads are critical for the continued economic success of the region.
“Without safe, fit-for-purpose roads for our communities and industry, the Isaac region cannot continue to deliver billions in royalties for the state and national economies,” Cr Vea Vea said.
“Many roads across our region need complete upgrades, which will cost hundreds of millions of dollars.”
Mayor Vea Vea said the pressing issues facing the region’s roads are that many were not built to accommodate the current volume and size of vehicles.
“When you are looking after 4500 kilometres of road and repairs start at more than $2 million, there is no way to keep up with the demands on the road network, that is why we need more funding,” she said.
“While we allocate 60 per cent of our council budget to road repairs, we need a consistent
injection of state funds to maintain our roads. “There are sections of roads that are in a critical state and need urgent attention to become fit-for-purpose. Our Royalties Road Package is ready to roll and will help restore the confidence we need.
“Our call for action is clear: the future of the Isaac region’s roads — and its significant contributions to the state’s economy — depends on decisive and committed investment from all political parties.”
Critical road priorities include:
• $65 million to widen and strengthen 32km of Golden Mile Road.
• $241 million to widen and strengthen 71km of Dysart-Middlemount Road.
• $135 million to pave, repair, and strengthen 69km of Peak Downs Mine Road and Saraji Road.
• $102 million to widen and strengthen 30km on Peak Downs Highway between Clermont and Moranbah.
• $25 million to widen and strengthen 16km of Moranbah Access Road.
• $10 million to widen and strengthen 2.8km of Dysart Bypass Road.
Businesses go big at BITS
By Liam Emerton
A fun hit out for Gladstone industries continued the annual tradition at Boyne Island.
The Blitz Industrial Industries of Gladstone T20 Cricket Challenge took over the BITS’ grounds as colleagues turned into teammates for the 16th edition of the yearly event.
Hosted by BITS Cricket Club, the event goes off total runs scored and this year’s champions were the RJ Warren Contracting All Stars who finished with a total of 198 runs.
The All Stars took down the Boyne Smelters Limited outfit in the final game of the competition to bring home the major prize.
Second place and just a single boundary behind them was the Santos GLNG squad who ended their campaign on 184 after knocking off Aurizon in the opening match. Coming in with bronze was the QAL outfit who finished the weekend with 188 on the board following a solid win over QGC.
Running down the list was RIO Tinto Alcan Yarwun (174), Wiggins Island Coal Export Terminal (170), Orica Yarwun (148), Boyne Smelters Limited (131), Australia Pacific LNG (127), QGC (121) and Aurizon (116). The event was heavily supported by naming sponsor Blitz Industrial, State Member of Gladstone Glenn Butcher, McCosker Contracting, I&C Electrical and Mills Property Maintenance.
Organisers thanked all of the volunteers, sponsors and supporters who helped create another brilliant two-day event.