Mining jobs remain buoyant despite weaker commodity index

The mining sector saw a 32.1 per cent increase in job opportunities since a year ago, despite a 6.2 per cent fall in the RBA’s Non Rural Bulk Commodity Price Index last April. The rise is reflected in the DFP Mining and Resources Job Index, which has experienced consistent rise for 10 consecutive months.

“This momentum is geared to commodity prices and confidence,” explained the DFP Mining and Resources Job Index report. “While commodity prices may languish, demand seems to be rocketing.”

The highest rise in job vacancies is seen in the exploration sub sector, albeit a fall of 10.5 per cent last month following a strong period of expansion. The vacancies are closely followed by rises in metal ore mining, coal and mineral mining, mining services and oil and gas extraction subsectors.

However, metal ore mining ranks highest by proportion.

The bulk of mining job vacancies are specially concentrated in Western Australia, Queensland and New South Wales, with WA’s annual rise remains very encouraging at 26.1 per cent.

Corresponding to the 3.5 per cent rise in Queensland’s share of the national market to 29.7 per cent in a year, a level only achieved in second quarter 2015 and late 2013, the increase in job vacancies in the state has reached 50 per cent over 12 months.

Sixty per cent of industry vacancies are also comprised of permanent jobs, indicating that employers are looking to lock in scarce talent with permanent work as skills shortages appear.

“Permanent job opportunities have grown faster than flexible work, not just this month but also marginally in the last quarter and particularly in the last year,” stated the DFP Mining and Resources Job Index report.

As of April 2018, annual growth in permanent roles is valued at 37.5 per cent.

Some roles particularly enjoy a double-digit rise. They are technical services and maintenance management, mechanical and production engineers and mining and petroleum engineers.

“All eyes will be on the global political stage as well as demand from China in the forthcoming months,” reported the DFP.