Expenditure and Jobs Surveys

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 2022/23

The NSW Minerals Council’s latest annual member Expenditure Survey reveals in the last financial year 28 participating NSW mining companies supported record levels of mining jobs and direct spending in NSW, delivering a significant boost to the NSW economy.

In the last financial year, participating mining companies supported over 31,500 full-time equivalent jobs, an increase of over 600 on the previous year, 1500 more than in the 2020-21 financial year and the highest reported in the more than a decade-long history of the survey. 

The survey also found participating companies directly injected $23.6 billion into the NSW economy over the same period, an increase of $6.9 billion (41 percent) in spending compared to the previous year, and the highest level reported since the survey was first undertaken.

The $23.6 billion in direct spending included over $3.4 billion spent on wages and salaries, $14.4 billion for goods and services purchased from almost 7,000 NSW businesses and $5.8 billion in royalties and other taxes to the NSW Government. 

The significant increase in direct spending compared to the previous year was largely driven by inflation-driven increases in industry operating costs, including for energy and fuel, higher wages, and record royalties delivered to the NSW Government due to record coal prices. 

Economic analysis of the Survey results found the regional impact of the direct spending of the 28 participating mining companies was equivalent to:

The full report is available for download here.

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