Mining in NSW makes a major contribution to the state’s economy through jobs, expenditure with local businesses, taxes, levies and royalties paid to local, state and federal governments, and export revenue to the state.
NSW Mining Industry Expenditure Impact Survey 2017/18
The NSW Minerals Council’s latest Jobs and Expenditure Report has found that the 28 mining companies surveyed directly injected $10.7 billion into the NSW economy in 2017-18, supporting thousands of jobs and businesses across NSW, particularly in many regional communities.
The $10.7 billion in direct spending in 2017-18 represents an increase of $300 million compared to the previous year. It includes over $3 billion in wages paid to 24,193 employees directly employed at our NSW mining operations. And the report found there are now 1,372 more people employed directly at our mines operated by the companies surveyed than the previous year.
Our member companies also spent $5.6 billion in NSW on the purchase of goods and services from 7,135 local NSW businesses. That’s an increase of 454 local businesses supported by mining from 2016-17.
Surveyed companies also spent $68 million in community contributions and payments to local government and $2 billion was provided to the NSW Government in taxes and mining royalties.
This survey, now completed for the seventh year, demonstrates the scale of mining’s contribution and the importance of mining to the broader NSW economy.