Mining Jobs

In reply to Mr VAN HOLST PELLEKAAN (Stuart) (28 July 2015). (Estimates Committee A)

The Hon. A. KOUTSANTONIS (West Torrens—Treasurer, Minister for Finance, Minister for State Development, Minister for Mineral Resources and Energy):

The target of increasing the value of our mineral and energy resources production from $7 billion in 2013 to $10 billion a year by 2017, creating an additional 5,000 jobs, uses a baseline of 2013 with the 12-month moving average for employment adopted to smooth out volatility.

The target was based on a number of assumptions used to determine the expected increase in mineral and energy resource production and the potential flow-on effect to the size of the workforce. These assumptions included the commodity price outlook and publicly available guidance from resource and energy companies about future increases in output capacity.