With high-quality resources, reliable supply, sustainable mining practices, and the latest in supporting technology, Queensland is at the forefront of global resource supply.
- Queensland is recognised globally as a leading destination for mining and resources investment and as Australia’s gateway to Asian markets.
- Queensland’s diverse geology and resource potential place it second in the world for seaborne coal exports, second for lead production, third for zinc and bauxite production, and fifth in the world for silver production.
- By the end of this decade, Queensland is projected to be the world’s leading liquefied natural gas (LNG) producer.
Abundant natural resources
Queensland’s abundant natural resources include more than major coal deposits, as well as metals, phosphate rock, oil shale and minerals.
We are the world’s second-largest exporter of seaborne metallurgical coal, with a long history of supplying metallurgical and thermal coal and coal seam gas to global markets.
In addition, Queensland has a world-leading mining equipment, technology and services (METS) sector. It employs 20,000 people across Queensland, with $7 billion revenue and $2.5 billion in value add for our economy. We want to take our world-class METS expertise to new markets – locally and internationally.1
Queensland Government support
Launched in 2017, the Queensland Mining, Equipment, Technology and Services 10-Year Roadmap and Action Plan (PDF, 5.3MB) is about accelerating the sector’s growth. We’re focused on collaboration and opportunities to bring innovative ideas to market, with $7 million worth of initiatives. Many of these are delivered in partnership with METS Ignited, the Australian Government’s Industry Growth Centre for METS, which works to improve METS competitiveness and productivity.
Environmentally sustainable practices
With a proven history of using sustainable and innovative exploration and mining practices, supported by high-quality mining equipment, technology and services, Queensland is a mining and resources investment proposition of choice.
Renewable energy – a wealth of opportunity
Renewable energy represents a key priority for the Queensland Government, which has set a target to have 50% of Queensland’s energy generation coming from renewable sources by 2030 to reduce emissions, address climate change, create new jobs and diversify the state’s economy.
Mining equipment, technology and services (METS)
Mining and resource extraction have been part of Queensland’s economy for almost as long as this state has existed. Our long history in mining has given rise to another world-class Queensland export industry: our mining equipment, technology and services (METS) sector.
TIQ helps investors and trade partners harness opportunities by opening doors to local industry, economic development organisations, and local and state government agencies.
To explore opportunities to invest in our mining and resources sector, contact us today.
1METS: Queensland Department of State Development, Tourism and Innovation, Sept 2019, ‘Mining equipment, technology and services’, http://www.statedevelopment.qld.gov.au/industry/priority-industries/mets.html, accessed July 2020.