Direct Mining Spending Boosts Broken Hill Economy

Direct Mining Spending Boosts Broken Hill Economy

February 19, 2019

The NSW Minerals Council’s latest annual member company Expenditure Survey has found that the 28 participating mining companies directly injected $147 million into Broken Hill’s economy in 2017/18, supporting hundreds of local jobs and generating millions in additional spending across the region.

Direct Mining Spending Boosts Hunter Economy - Maitland

Direct Mining Spending Boosts Hunter Economy - Maitland

February 19, 2019

The NSW Minerals Council’s latest annual member company Expenditure Survey has found that the 28 participating mining companies directly injected $4.3 billion into the Hunter economy in 2017/18, supporting thousands of jobs and generating millions in additional spending across the region, particularly in local mining communities.

Fast Facts

In 2012-13:

  • NSW mines produced 260 million tonnes of raw coal and 196 million tonnes of saleable coal
  • NSW mines produced 174,000 tonnes of copper and 29,100kg of gold
  • ​Total NSW mining was worth $21.2 billion, including $17.8 billion worth of coal, $1.3 billion in copper and $1.6 billion of gold
  • ​Around 85% of NSW coal was exported, with the rest used to generate electricity at coal-fired power stations
  • NSW miners exported over 136 million tonnes of coal worth an estimated $15.2 billion, with over 72 million tonnes going to Japan
  • Coal accounted for 31% of all merchandise leaving NSW in 2012-13, making it the state’s most valuable commodity export
  • China is the state’s second largest customer receiving around 38 million tonnes in 2013-14 China’s portion of our exports from 1.1% in 2007-08 to 9.3% in 2010-11 and then almost doubling to 22.24 % in 2013-14
  • NSW miners return $1.3 billion a year in royalties to the state. That’s enough to fund 11,000 teachers in our schools or to construct two new hospitals and redevelop another every single year.
  • 40, 400 people work in NSW Mining (ABS, August 2014) 

 

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