A recent geological report has confirmed Queensland’s reputation as a resource-rich region, according to the government’s chief geologist.
The report, which was released on December 10, showed that Queensland was sitting on double the amount of coal than previously estimated.
It revealed that Queensland had 63 billion tonnes of raw coal in-situ, which was an increase of about 29 billion tonnes on the previous 2010 estimate.
The 63 billion tonnes included more than 14 billion tonnes of coking coal, which is essential to the production of steel for the building and manufacturing sectors.
The report showed measured and indicated amounts of coal equalling 32 billion tonnes within the Bowen Basin, 16 billion tonnes in the Galilee Basin, nearly 9 billion tonnes in the Surat Basin and about 5.5 billion tonnes elsewhere in the state.
Chief geologist Tony Knight said a resources boom and increased exploration had allowed a better estimate of the amount of available coal since the last report in 2010.
“The resources boom over the last eight or nine years and a lot of coal exploration has allowed us to better define the amount we have,” Mr Knight said.
“We know that we have about double the amount of coal compared to 2010 and we still have a lot of coking coal.
“It certainly confirms Queensland’s reputation as a world-class resource state.”
Queensland Resources Council chief executive Ian Macfarlane welcomed the findings of the geological report
“Our cities and our regions have been built by the resources sector, and there’s still so much potential,” Mr Macfarlane said.
“Despite activists claiming Queensland is running out of coal, the facts prove the opposite, with tens of billions of tonnes of coal in reserve, including more than 14 billion tonnes of coking coal which is used to make steel needed for building the world’s infrastructure.
“We must ensure that Queensland has consistent, transparent and stable regulations that give all projects a fair go, in order to turn our enormous potential into a reality.”