NSW Mining Exploration spending on the up as industry growth continues

NSW Mining Exploration spending on the up as industry growth continues

September 14, 2017

There’s more encouraging signs for the future of the NSW Mining industry with a strong increase in exploration spending. Exploration investment in NSW increased 32% in the June quarter, the strongest result in four years.

Social Impact Assessment Guideline released

Social Impact Assessment Guideline released

September 13, 2017

DPE has released a Social Impact Assessment Guideline for State significant mining, petroleum production, and extractive industry developments.

Industry

Almost everyone is connected to mining in some way, whether you live and work in a mining region, use government services supported by mining royalties, or through your shares and superannuation fund. With a history spanning over 200 years, mining has contributed a great deal to NSW, the original mining state.
 
The minerals mined in NSW, from coal to gold, copper and industrial minerals, not only fulfil our energy needs and provided materials for daily life, but have also made an immense economic contribution to our mining regions, our cities and our state and national economies along the way. 
 
NSW mining is an important source of employment across the state, supporting small and medium-sized business in regional areas. The money returned to the NSW Government in the form of royalties helps provide essential services and contracts with local businesses generate economic stimulus that spreads throughout the state. And as the state’s top merchandise export, coal and metallic minerals also provide a leading source of export revenue.  

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