Next boom that will spark 24,000 new jobs
AN ASIAN boom will drive more than 24,000 new jobs to be created in the resources and mining industry over the next decade, Resources Minister Matt Canavan will reveal today.
LNG, coal and aluminium will be leading the way in the projected resources boom.
In the first national resources statement delivered in 20 years, Senator Canavan will outline a plan for the sector to ride the wave of global demand.
The report reveals that Asia will consume 40 per cent of the world's energy by 2030, positioning Australia in a perfect position to sell its LNG, coal and resource reserves to the growing region.
China, Indonesia and Japan are expected to drive a huge growth in demand for iron ore and copper.
If demand for Australian coal and minerals remains at current projected levels, the industry is expected to expand by 24,000 jobs by 2030.
This is more than eight times the 2800 jobs the hydrogen industry, championed by Opposition leader Bill Shorten, is expected to deliver by the same year.
Demand for LNG is expected to grow almost 70 per cent, while metallurgical coal demand will rise 41 per cent and thermal coal 15 per cent, according to the report.
Senator Canavan said Australia needed to act to develop resources and attract more investment to ensure the jobs were created.
"Our work starts now," he said.
"Clearly we are in great shape but we cannot take our success for granted. Taking action now means a stronger and more robust resources sector into the future."
He said steps to be taken included promoting Australian minerals as a brand to market to the world and working with the states to develop more resource basins.
This will include advanced seismic and aeromagnetic surveys to help identify new major mineral finds, through the existing $100 million Exploring for the Future program.
The search for new basins will particularly focus on "minerals critical to a modern economy", such as lithium, rare earths, nickel and cobalt which are used in technology like smart phones.