27 September 2016

The Coal Boom is Back!

The coal BOOM is back?  The unfashionable black rock that has been lambasted from pillar to post is back in business.

Coking Coal prices have doubled since the start of this year to $250 AUS and 4 year highs WOW.  No one saw this coming and while we cant be sure they will stay high for long , it gives QLD and more importantly regional areas a welcome boost in the arm.

The general engineering and construction sector is still heavily skewed towards the Civil discipline with demand driven by projects on Roads, Urban development and general subdivisions. Civil Designers, Site Engineers and project engineers in their early to mid career stage are the most sought after.

In other observations we have seen a general increase in Contract vacancies across the board. This is being caused by a general lack of confidence about future project pipeline and the desire to try before you make a long term commitment.