Orange benefits from $400 million of mining spending

November 07, 2013

The economic benefits of mining continue to be felt in Orange with over $400 million in direct spending flowing into the region in the last financial year according to the latest survey of NSW mining spending.

The NSW Minerals Council’s recent survey of the spending of 26 mining and exploration companies was conducted by Lawrence Consulting and peer-reviewed by the Centre for Small Business and Regional Research at the University of Wollongong.

The survey found that in the Local Government Area of Orange, 302 local businesses benefited from nearly $300 million in spending on goods and services by mining companies in 2012-13. Local employees also directly received $102.5 million in wages and salaries.

“There are 302 businesses and over 1,200 workers in Orange who are directly benefitting from the mining industry in NSW. Newcrest’s Cadia Mine supports jobs and businesses across the region,” NSW Minerals Council CEO Stephen Galilee said today.

“Across the Central Western region $1 billion was directly spent by mining companies on wages, goods and services in 2012-13.”

“Towns and communities across the Central West are closely linked to mining, not just through electricity supplied from coal-fired power stations, but increasingly through employment and businesses that are supplying goods and services to mining operations,” Mr Galilee said.  

“Local mining is helping to create jobs, support local businesses and provide economic stability for the region.  These results highlight the practical benefits mining is delivering to Orange, and the importance of a strong and vibrant mining sector for the ongoing strength of the economy.”

Across the whole of NSW, the survey found that the companies surveyed directly spent over $12.8 billion in 2012-13, comprising over $3.1 billion on salaries and wages and over $9.7 billion on goods, services, local council payments and community contributions. 
 
Contact: Chris Rath 02 9274 1419 or 0409 758 734 crath@nswmining.com.au

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