the importance of mining to cairns j2630 | 12 th june 2013 address to the cairns & mining...
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THE IMPORTANCE OF MINING TO CAIRNS
J2630 | 12th June 2013
ADDRESS TO THE
CAIRNS & MINING CONFERENCEW S (Bill) Cummings
Cummings Economics
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SERVICES HUB• Transport• Distribution• Manufacturing• Retailing• Communications• Government administration• Education• Health• Business & professional
services
CAIRNS : MAJOR ECONOMIC ROLECAIRNS : REGIONAL CAPITAL SERVICING QUEENSLAND’S NORTHERN HALF 9°S - 19°S
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LARGEST REGIONAL POPULATION (ESTIMATED RESIDENTIAL) IN NORTHERN AUSTRALIA
CAIRNS & IMMEDIATE HINTERLAND
Cairns (1) Townsville (1) Fitzroy (1) NT Top End (2)
Mackay (1)0
50000
100000
150000
200000
250000 236992 229543 227089
186932 175702
Note (1): SA Level 4Note (2): Darwin SA Level 4 plus Katherine, East & West ArnhemSource: Cummings Economics from ABS data.
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BY FAR LARGEST NUMBER OF REGISTERED BUSINESSES(INCLUDING MANUFACTURING)
Cairns Region Fitzroy Region Townsville Region
Mackay Region
Darwin Region
0
5,000
10,000
15,000
20,000
25,000
Source: Cummings Economics from ABS data.
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o Size of workforceo Number, diversity, range of businesseso North’s major air hubo Northern terminus Australia’s east coast rail, road &
air serviceso Major coastal shipping & marine industries baseo Lifestyle advantages
STRENGTHS IN SERVICING MINING ACTIVITY FURTHER AFIELD
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TROPICAL, PREVIOUSLY UNDER DEVELOPED AREA(RESOURCE POTENTIAL JUST BEING REALISED)
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MINERAL OCCURRENCES IN QUEENSLAND
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VALUE MINERAL PRODUCTION FAR NORTH QUEENSLAND
1982
/83
1983
/84
1984
/85
1985
/86
1986
/87
1987
/88
1988
/89
1989
/90
1990
/91
1991
/92
1992
/93
1993
/94
1994
/95
1995
/96
1996
/97
1997
/98
1998
/99
1999
/00
2000
/01
2001
/02
2002
/03
2003
/04
2004
/05
2005
/06
2006
/07
2007
/08
2008
/09
2009
/10
2010
/11
0
100
200
300
400
500
600
700
800
900
Source: Cummings Economics from Queensland Mines & Energy data.
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CAPE YORK BAUXITE
AURUKUN & CAPE ALUMINADEPOSITS WORTH ABOUT $20 BILLION
RIO TINTOCURRENT – $500M PA (1)STAGED INCREASE TO - $1300M PA (1)
(1) NOT INCLUDING TRANSPORT.
CONSTRUCTIONFIFO – 2,000 BED CAMPDIRECT EXPENDITURE TOTAL APPROX $1.3BN
FNQ APPROX $500M
HINTERLAND
POTENTIAL EXPANSION OF PRODUCTION
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MAP OF EQUIDISTANT FLYING DISTANCES
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AIR ROUTES TO MINES & MINING RELATED CENTRESQUEENSLAND & NORTHERN TERRITORY
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WORKFORCE IN MINING IN FAR NORTH QUEENSLAND
2006 2011 GROWTHBY PLACE OF RESIDENCE 1313 2759 +110%
BY PLACE OF WORK 694 1318 +90%DIFFERENCE 624 1446 +132%
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Source: Cummings Economics from ABS Census data.
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TOTAL ESTIMATED FIFO WORKFORCE
TOTAL CAIRNS RESIDENTS SAYING PLACE OF WORK OUTSIDE CAIRNS REGION ACROSS THE NORTH 2916
ESTIMATED FIFO/DIDO WORKFORCE ASSOCIATED WITH MINING 2000
ESTIMATED FIFO WORKFORCE INCOME OF ORDER OF $200 M
PLUS AVIATION INDUSTRY IMPACT UNKNOWN
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NON-WORKFORCE EXPENDITURE BY MINES IN REGION FROM WITHIN AUSTRALIA
ESTIMATED EXPENDITURE IN CAIRNS LGA BY QRC MEMBERS $146 M
ESTIMATED TOTAL IN CAIRNS REGION INCLUDING TABLELANDS & CASSOWARY
COAST PLUS OTHER MINESAPPROX $200 M
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PAPUA NEW GUINEA & PAPUA INDONESIA
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FIFO INCOME ($ UNKNOWN) |OTHER R&R AND TRANSIT ($ UNKNOWN) | AIR FREIGHT ($45M)
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TONNAGES SHIPPED THROUGH FNQ SEAPORTS 2009/10
MACKAY REGION (INCLUDING ABBOTT POINT) 99M TONNESFITZROY REGION (INCLUDES GLADSTONE) 79M TONNES
BRISBANE/SOUTH EAST QUEENSLAND 32M TONNESSOUTH AUSTRALIA 25M TONNES
CAIRNS/FAR NORTH REGION 22M TONNESNORTHERN TERRITORY 21M TONNES
TASMANIA 19M TONNESTOWNSVILLE/NORTHERN REGION 10M TONNES
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Source: Cummings Economics from Bureau of Infrastructure, Transport & Regional Economics..
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SEASWIFT, PERKINS, FREEPORT MCMORAN; EST 100 CONTAINERS A WEEK; EST VALUE OF CARGO $300M
GENERAL CARGO SHIPPING TO MINES
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o CORPORATE OFFICES – CAPE FLATTERY SILICA, FREEPORT, BARRICK, INTEROIL
o EDUCATION & TRAINING
o EXPLORATION
O T H E R
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BASE METAL PRICE MOVEMENTS : 5 YEARS
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CAIRNS’ ADVANTAGE NOT DEPENDENT ON ONE MINERAL OR ONE AREA.
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GOOD PROSPECTS OF A POSITIVE STIMULUS IN FORESEEABLE FUTURE
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THE IMPORTANCE OF MINING TO CAIRNS
J2630 | 12th June 2013
ADDRESS TO THE
CAIRNS & MINING CONFERENCEW S (Bill) Cummings
Cummings Economics
21