GOVERNMENT REPORT CONFIRMS 47.000 MINING AND GAS NEW JOBS STALLED
- $119 billion pipeline of resources projects under threat from Labor.
- 47,000 jobs at risk â equivalent to a regional city.
- 81 coal, gas and iron projects at risk â 58 in QLD and WA.
Planned new major Australian resource projects are stalling at more than double the rate of a year ago with new analysis by the Governmentâs Chief Economist exposing $119 billion of stalled and cancelled projects in the coal, iron-ore and gas sectors.
The Coalition says the 81 projects worth $119 billion with an estimated workforce of 47,710 jobs have been stalled as the Albanese Labor Government mangles Australiaâs economic and investment policies.
Shadow Minister for Resources, Senator Susan McDonald, said the new data made a mockery of Laborâs Future Made in Australia policy which she said was fast turning into a ânothing made in Australiaâ reality.
âWithout our resources there is no manufacturing, and without both there is no so-called Future Made in Australia policy,â she said.
The Government’s own annual report, âResources and Energy Major Projects: 2024â, also confirmed the value of stalled projects was more than triple that of last year, where $34 billion of investment had been stalled.
âUnder Labor, Australia is quickly losing its hard-earned international reputation as a reliable trading partner, a reliable investment destination, and a dependable supplier to our defence allies,â Senator McDonald continued.
âThis represents the most severe threat to our resources sector yet â 81 projects, $119 billion of investment, at least 47,000 jobs â and yet the Government is either oblivious to the issue, or shamefully negligent in their inaction.
âThis is the equivalent of scrapping the jobs of an entire regional cityâs worth of workers thanks to Laborâs anti-investment policies.
âQueensland and Western Australia have the lion’s share of threatened projects, 58 across the states, and yet all we hear from this Government is talk about their uncosted, unlegislated, and undelivered production tax credits.
âThis reporting highlights that Labor has damaged our investment environment so greatly that our traditional foundation industries of coal, gas and iron ore are under severe threat.
âIf Labor cannot even secure the investment pipeline for our traditional resources, what hope do they have of supporting any new investments in critical minerals or other future resources.
âThis is yet again another Labor failure from a weak, irresponsible Prime Minister.â
ENDS