The 66 mining projects proposed for Queensland represent $142 billion in capital expenditure to 2020.
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40,000 workers needed
Royalties boon possible, but 40,000 workers needed for mining projects
QUEENSLAND would get an $8 billion annual boost by 2020 if the 66 mining projects slated for the state go ahead.
The Queensland Resources Council today released a report by Deloitte Access Economics on the projects either under study, committed or under construction.
Combined, they represent $142 billion in capital expenditure to 2020.
If all were to proceed, the state Government would get a royalties windfall of almost $8 billion a year by 2020 - almost three times the $2.8 billion banked in 2010/11.
Resources council chief Michael Roche said labour, water and electricity supply were the biggest hurdles to the state reaching its resources potential.
According to the report, if all of the identified projects proceeded, the sector could require an additional 40,000 workers, another 5000 megawatts of electricity, and almost 200,000 megalitres of water.
At an earlier event for Galilee Basin miners, Mining Minister Sterling Hinchliffe warned the mining sector of uncertainty that lay ahead should the Liberal National Party (LNP) win the next election, expected early next year.
"Within days of releasing their resources strategy, it's still not a policy. LNP members are still at odds with Campbell Newman," Mr Hinchliffe said.
The LNP leader had failed to address key issues such as fly-in fly-out workforces, compensation for landowners and whether the LNP would bring in a mining moratorium, he said.
"Our policies are out on the table, are understood and they are clear and concise.
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