Mining industry suffers job losses, but SA and NT forging the way forward

 Employment figures from the Australian Bureau of Statistics have
revealed the mining industry has lost 6600 employees nationwide in the quarter to May 2014.

NSW and Victoria, however, have managed to grow their number
full-time mining positions.

With approximately 264,600 people currently working in the
industry, the results are not all doom and gloom, with employment figures still
higher than in May last year when employees dropped by 6600, only to recover
the same number by August.

Full-time employment in NSW has risen from 36,600 in
February to 39,500 in May, despite a number of announcements within the coal
sector of mine closures and redundancies, most notably from Vale over the Integra Complex closure, which has already stood-down workers at Glennies Creek.

Western Australia has fallen from a peak of 111,600 jobs to
February 2014, down to 99,200 in May, the lowest quarterly figure recorded for
full-time employment in Mining since August 2011.

However, WA is still the most attractive state for mining investment in the world, ranked number one in the Fraser survey in March, earlier this year.

Historically, employment peaked in WA with 120,200 in August
2012.

Victoria now has 15,100 mining employees, the highest since
May 2013 when 17,500 full-time employees fell sharply to only 12,000.

Queensland has remained steady for the last six months
around the 76,500 mark, 5000 better than the same time last year.

South Australia has shrunk back by 900 jobs in the last
quarter, but has grown from 9200 full-time positions in May last year to a
current figure of 14,000, a massive jump of 63 per cent.

South Australia ranked just outside of the top ten
state-regions in the world for mining industry growth in the Fraser Survey.

Mining jobs in Tasmania remain steady at 4000 full-time
jobs, the mean figure over the past two years.

The Northern Territory has hit a new peak with the highest
full-time employment ever recorded at 6500 positions, also reflected by its
rating in the Fraser Survey of 13th place.

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