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Wednesday, 30 April 1980
Page: 1960


Senator CARRICK -Yesterday and the day before Senator Button asked me a series of questions regarding the multiplier effect of processing plants in Australia and I think probably any manufacturing plants generally that might be envisaged. In subsequent discussion I think an honourable senator said: 'Name some'. Mr President, you may recall the phrase. I have a list which in a moment I will seek to have incorporated in Hansard in order that I may name some. It contains a selection of the more significant mining and minerals processing investment projects which are either committed, planned or in the preliminary study stage.

The list has been compiled from information published by the Department of Industry and Commerce. Of course, it does not include a number of, as yet, unannounced projects about which the Government has been informed on a confidential basis by the companies involved. I made note of that yesterday. The latest estimate of the total value of mining and minerals processing investment projects, including those concerning petroleum, either committed, planned or in the preliminary study stage is $24 billion. This figure is necessarily uncertain to the extent that obviously the Government has not yet been notified of some planned projects that would add to the value, and to the extent that some projects which are planned may not be implemented.

As to the multiplier effect, the results of a recent empirical analysis of the employment effects of a large resource based project have been published by the University of Queensland. I refer to a T. D. Manderville and R. O. Jensen study entitled 'Economic Impact of Industrial Developments at Gladstone' which was carried out by the University of Queensland last year. It estimated that the direct, indirect and induced employment multiplier effect was around four.

This suggests that up to 160,000 extra jobs could be created throughout the economy if, as is quite possible, Australia doubled its share of world resource-based processing. Employment of this magnitude would increase the current total manufacturing employment level by about 14 per cent. Mr Manderville who is from the Economics Department of the University of Queensland, has also published this year a study on the economic impact of the Weipa bauxite mine. He has found an employment multiplier effect throughout the Queensland economy of about four. I seek leave to have the table incorporated in Hansard.

Leave granted.

The table read as follows-

 







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