21 February 2024
Survey confirms record spending and mining jobs in the Hunter
Results from the latest NSW Minerals Council’s Member Expenditure Survey have confirmed mining’s continued critical economic role in the Hunter.
In the last financial year, participating mining companies supported over 15,300 jobs in the Hunter, an increase of over 1,700 jobs compared to the previous year, and the highest number of jobs reported in the 12 year history of the survey.
The same companies also directly injected $8.2 billion into the Hunter economy in the last financial year - an increase of nearly $2 billion on the previous year and the highest survey result ever reported.
This is also the fourth year in a row that direct mining spending in the Hunter has been over $6 billion.
The $8.2 billion of direct mining spending in the Hunter last financial year included almost $1.9 billion on wages and salaries, and $6.3 billion for goods and services purchased from over 2,700 mining supplier businesses across the Hunter region.
An economic analysis of these results found the $8.2 billion of direct spending of the 28 participating mining companies in the last financial year contributed 25% of the GRP of the Hunter region’s economy during this period.
“Mining companies in the Hunter are spending at record levels, while also supporting a record number of Hunter jobs, highlighting the importance of mining for local mining communities and the region’s economy,” NSW Minerals Council CEO Stephen Galilee said today.
“These record results are a timely reminder of the need for policies that support a strong mining sector for the future of the Hunter.”
ATTACHMENT - Graphs: Hunter - total spending, workforce and supplier businesses 2011/12 - 2022/23
ENDS
Brad Emery | NSW Minerals Council | bemery@nswmining.com.au | 0450620254
