- What is the value of Australia's Resource Industry?+
According to the Australian Government’s Office of the Chief Economist, the Australian resource industry:
- had 232 potential new major resource projects worth between $197-329 billion (publicly announced or at the feasibility stage) as of October 2019;
- had 33 new major resource projects at an advanced stage (committed), representing a capital expenditure of $30 billion as of October 2019;
- attracted $3.6 billion in total exploration expenditure across minerals and petroleum in 2014-15;
- is expected to generate export earnings of $281 billion in 2019-20.
- What makes up the Australian Resource Industry's workforce?+
According to the Australian Bureau of Statistics (November 2019):
- 251,200 people are directly employed in mining, oil and gas operations across the country (in original terms).
- More resource employees are located in Western Australia and Queensland than any other state, with 118,200 and 66,700 respectively (as at November 2019).
Quarter National Accounts data by the ABS (September 2019) showed that mining growth over the year, from June 2018 to June 2019, was 6.2 per cent (seasonally adjusted), the highest rate of growth of all market sectors and second overall behind health care and social assistance, which grew by 7.9 per cent.
- What is the industry's labour demand?+
Australia’s mining industry will require around 21,000 new on-site operational employees by 2024, according to 2019–2024 Mining Workforce – a forecasting report released in September 2019 by AMMA.
It finds 57 projects worth $41 billion, either ‘committed’ or considered ‘likely’ by the Australian Government’s Department of Industry, will demand 20,767 on-site operating employees by 2024.
The forecast occupational breakdown includes:
- 8,660 mining plant operators;
- 2,847 heavy diesel fitters;
- 970 other trades, such as electrical, mechanical and maintenance trades;
- 4,110 supervisors, management, administration and other white collar roles; and
- 4,180 engineers, technicians, geologists and related roles.
AMMA is currently working on a report to forecast the workforce required for the oil and gas industry.
- What is the resource industry's wealth creation?+
The resource industry has been responsible for a huge level of wealth creation and transfer for well over the past decade.
According the Australian Bureau of Statistics, the resource industry is the highest paying industry in Australia on average, with full-time workers receiving an average $2,573.0 per week (excluding overtime and bonuses). That’s almost $134,000 per year.
A report published by Deloitte Access Economics reveals that Australian mining companies paid A$30.6 billion in company tax and royalties in 2017-18.
According to the report, the dollar amount paid in company taxes over the past couple of years surpasses that of 2011-12, which was the peak of the resources boom. That amount adds up to A$18.6 billion. The report showed mining companies paid $12 billion in royalties to State Governments in 2017-18.
- What's happening with women in the resource industry workforce?+
According to the Australian Bureau of Statistics (November 2019), women represent 16.2% of the direct resources workforce.
This is an area the industry is working hard to improve.
In 2011, AMMA partnered with the Australian government to create the Australian Women in Resources Alliance (AWRA). AWRA is implementing strategies and services to increase the number of women in resources to 25% by 2020.
In addition, AMMA launched its Bright Future STEM program in 2018. The program seeks to promote female role models in the resources and energy industry, sparking the interest of school-aged girls and ensuring they understand the broad range of opportunities.
- Where does the resource sector stand on health and well-being issues?+
A draft report from the Productivity Commission released in late 2019 estimates that mental ill-health and suicide are costing Australia up to $180 billion per year and treatment and services are not meeting community expectations.
Since 2017, AMMA’s Resources & Energy Mental Health Advisory Board has played a key role in tackling mental health challenges facing the industry.
The Board comprises a range of experience levels across the resources and energy industry, all with a passion for mental health.
One of many focuses for the Board is assisting employers in program development and identifying best practice mental health initiatives.