Jobs growth in Illawarra’s mining sector

March 20, 2018

20 March 2017


Jobs growth in Illawarra’s mining sector


The strong turnaround in coal prices and steady demand for NSW coal from our key export markets has delivered a welcome boost in coal mining jobs in the Illawarra over the last year.


The most recent figures from Coal Services show that there were 400 more local coal jobs in December 2017 than at the same time in 2016, taking the Illawarra’s overall coal mining job numbers to 2,550.

 

The growth in local coal mining jobs is also good for around 500 Illawarra businesses that supply mining operations in the region, helping them employ thousands more workers.  


The new figures show that overall, there were just over 20,872 coal production jobs in NSW as at December 2017 - nearly 2,000 more than at the same time in 2016, and the highest number since July 2014.


“Many of our coal mining regions, like the Illawarra, had a tough few years from 2013 to the end of 2016, so this jobs boost over 2017 is really good news for mining communities,” NSW Minerals Council CEO, Stephen Galilee said today.


“A boost in local mining jobs also means a boost for local businesses that directly supply the mines, and also cafes, mechanics, supermarkets and others that benefit from the increased economic activity and spending that a rise in local jobs generates.”


“There’s been a sustained recovery in business conditions for coal mining in NSW over the last 18 months.  We’ve seen the average Free On Board (FOB) value of thermal coal per tonne rise from A$68.27 in June 2016 to A$114.82 by December 2017, the highest price since December 2011.  The FOB value of coking coal per tonne has also steadied at A$167.91 compared to the low of $98.87 at the end of 2015.  This has really helped deliver more jobs to our coal mining regions,” Mr Galilee said.


“Strong demand for our coal means more local coal mining jobs.  With the right policy settings that make the most of growing opportunities, our coal mining industry can continue to deliver employment, investment and economic stability well into the future,” he said.



Contact: Harry Stutchbury | hstutchbury@nswmining.com.au | 0409 758 734 | 02 9274 1419

 

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