Economy Townsville

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magnetic island viewed castle hill @ sunrise


in 2004, there 11,762 businesses in townsville , 4,610 in thuringowa. there still lots of well-paying job opportunities in city come mid-2008, when number of unemployed had risen (nationally) 100,000 workers, including considerable employment requirements in trades (280 job vacancies), engineering (117), administration (100), sales (97) , hospitality (90). townsville hosted head office of $4 billion financial advice company storm financial, until collapse in 2009.


the city has own manufacturing , processing industries. townsville city globally refine 3 different base metals — zinc, copper , nickel — , in strong contention aluminium refinery. nickel ore imported indonesia, philippines , new caledonia , processed @ yabulu nickel refinery, 30 kilometres (19 mi) north of port. zinc ore transported rail cannington mine, south of cloncurry, smelting @ sun metals refinery south of townsville. copper concentrate smelter @ mount isa railed townsville further refining @ copper refinery @ stuart.


townsville has several large public assets result of relative position , population. these include largest campus of university in northern queensland, james cook university, australian institute of marine science headquarters, great barrier reef marine park authority, large army base @ lavarack barracks , raaf base townsville.


the city has suffered result of australian mining downturn australian bureau of statistics revealing estimated unemployment rate of 12.4% in march 2016.








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