- Write by:
-
Tuesday, September 21, 2021 - 15:14:13
-
491 Visit
-
Print
Mining News Pro - Queensland’s resources sector has rated skilled employee retention as a top priority, just 12 months after it was bottom of the list for most industry leaders, a new report shows.
The State of the Sector report for the June quarter from the Queensland Resources Council (QRC) found while a ‘social licence to operate’ and ‘uncertain and/or poor regulation’ had plateaued in importance, skilled retention leapt ahead to number one on the chief executive officer (CEO) sentiment index.
This was despite Queensland resources jobs jumping 68 per cent between May 2016 and May 2021, reaching almost 85,000 roles.
The report quoted one CEO as prioritising digital adoption as critical to worker retention.
“We must keep up with advancements in technology, automation, new equipment and ways of working,” the report stated.
“The importance of digital technology and automation will increase.”
To address this, the report found more than one quarter (28 per cent) of CEOs said they were considering funding or undertaking programs to grow student interest in STEM fields.
The importance of addressing the skills shortage and concurrently overcoming the challenges posed by COVID-19 were made clear in the reported production volumes and costs.
While production volumes remained 19 per cent above when QRC records began in 2006, the March 2021 quarter (latest available data) suffered the third consecutive quarterly decline, owing to restrictions and the skills shortage.
A joint statement in the report from QRC full-member CEOs said COVID-19 had impacted the sector in a number of ways.
“COVID is impacting labour availability which is impacting production,” the statement read.
“The limitation on international travel also prevents some influx of skills from overseas.
“A number of our employees travel across the QLD/NSW border and are impacted negatively when the borders are closed.”
In second place on the sentiment index was social licence to operate, as regulations around sustainability continue to play on the minds of industry leaders.
“The uncertainty around climate change policies and geopolitical actions means that the market could be quite volatile,” the joint statement read.
“The ability to access capital and insurance is being severely impacted by lack of coherent positions on reliable energy sources from all levels of government.
“This will likely impact decision making on expansion/extension projects in our business.”
Short Link:
https://www.miningnews.ir/En/News/616648
London-based Savannah Resources will if necessary ask Portugal’s government to authorize compulsory land acquisitions ...
Australia will spend A$566 million ($373 million) over the coming decade to map out resource deposits with a focus on ...
Newmont Corp. has no plans to expedite a decision on its $2.5 billion Yanacocha Sulfides project, dashing the Peruvian ...
Imports of iron ore by China, the world’s biggest buyer, in 2024 are expected to be around 1.17 to 1.18 billion metric ...
First Quantum Minerals said on Monday it is looking forward to talks with Panama’s new government to find a resolution ...
BHP has put South Africa and its mining sector on the spot. The $140 billion Australian group’s ambitious swoop on rival ...
Australian miner Lynas posted a slump in third-quarter sales revenue on Wednesday, missing analyst expectations on the ...
China’s Tianqi Lithium said on Thursday it has formally requested that a proposed joint venture between lithium company ...
Zimbabwe’s President Emmerson Mnangagwa has re-appointed Winston Chitando as the southern African nation’s mines ...
No comments have been posted yet ...