Resources operations procured the vast majority of goods and services within the Sunshine State, industry sources revealed.
Queensland mines made 77 per cent of purchases locally during the 2022 financial year. This equates to a $26.8 billion investment according to the Queensland Resources Council’s (QRC’s) latest local content report.
However the result is lower than fiscal 2021’s 82 per cent result, representing a 3 per cent drop in supply chain expenditure.
“Local suppliers are absolutely critical to the long-term success of the resources sector because they understand our needs and can collaborate with companies on improvements, often at lower cost than other suppliers,” QRC chief executive Ian Macfarlane said in a public statement.
“Using local suppliers reduces transport costs, minimises greenhouse gas emissions and offers better supply chain resilience, which we have seen the value of during periods of global disruption due to the pandemic.”
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