The Australian Bureau of Statistics has released data saying the mining sector’s prospects look positive despite a 2 per cent drop in employment.
The ABS said this was bound to happen as commodity prices dip and some projects are suspended.
Australian Mining and Metals Association site director Kyla Jones said the bigger player should concentrate on regulatory reform to boost productivity in Australia and become more competitive to maintain longer periods of employment.
She added 1500 job vacancies on the AMMA website illustrated there were high recruitment opportunities in the company for skilled and technical workers in most divisions of the resource industry.
“Our site shows the highest demand remains for engineers, maintenance workers, designers and drafters, machinery operators and skilled trade workers,” she said.
The industry is see a slew of job cuts with Hastings Deering cutting 200 jobs in Rockhampton and Mackay last week, saying the economic climate led to the cuts.
Australian Mining reported today the Australian subsidiary of mining company Joy Global is closing its Unanderra plant, with 50 jobs to go as a result.
The ABS’s Labour Force numbers revealed the industry employed 261,000 Australians due to investment in mining, oil and gas projects.
There are 287 projects under consideration in Australia while $260 billion worth of resource projects are under construction.
The country’s economy could get a $254 billion boost from the projects, The Morning Bulletin reported.
“If these projects can be secured for our shores through creating an environment more conducive to investment, government estimates tell us that the construction demands alone could create around 135,000 new jobs by 2018,” Jones said.
Last week mining company Rio Tinto said it is slashing more staff at its Western Australian iron ore operations, with cuts to include executives and the general manager and manager level.
Some positions in the company's Perth office will go as new iron ore chief Andrew Harding looks to restructure the iron ore division.