The Queensland Resources Council has released industry figures confirming mining, gas and energy companies added a record A$82.6 billion to the state economy in 2019-20.

Karen Wood, chair of the board, told McKinsey the covid-19 pandemic has led broader industry to become more focused on the importance of the social element.

IGF says the pandemic will have longer- term consequences on employment in the large-scale mining sector as a result of impacts on local suppliers and community economic activities, mining capex forecasts and current investments.

Around a third of Newcrest’s shareholders are based in North America.