Miners and the supply chain were expecting to increase staff numbers post COVID19.

The Queensland government was also called out for praise in its handling of the pandemic.

That’s all in the new ‘state of the sector’ report released by the Queensland Resources Council.

A survey of the State’s top resource leaders in May found strong momentum towards employment growth over the next 12 months, said QRC Chief Executive Ian Macfarlane.

“Every resource job matters and our sector is doing the heavy lifting with the State’s employment with 63 percent of the companies surveyed maintaining or growing workforces while five percent were expecting to increase employment numbers significantly,” Mr Macfarlane said.

“Queensland’s coal and mineral miners were in a substantially better position going into the COVID-19 crisis than the previous commodity price lows five years ago with 50 percent of companies expecting operations to remain in the lowest cost quartile and nearly 90 percent sitting in the bottom half of the cost curve. 

“Costs in Queensland’s oil and gas industry have crept higher with all operations remaining in the top half of the cost curve and three quarters in the highest cost quartile. 

The Queensland government was recognised for praise in the survey said Mr Macfarlane.

“Part of the sector’s success was its immediate response to the crisis and its ability to work with all levels of government to protect the public health of the communities in which we operate by strictly adhering to the advice of the State’s Chief Health Officer and implementing further measures,” he said.

“More than 70 percent of our members said the Queensland Government had performed well or exceptionally well when compared to other Australian jurisdictions and when compared to international jurisdictions 83 percent said the Government had performed well or exceptionally well. 

“Concerns weighing on the sector include contractions in the global economy, raising capital and the health impacts of the coronavirus around the world.

“Sentiment amongst companies towards the global economy dropped a further 19 percent to a record low from the previous report.”