Record coal mining jobs for New England region

March 20, 2018

20 March 2017


Record coal mining jobs for New England region


The strong turnaround in coal prices and steady demand for NSW coal from our key export markets has delivered a record number of coal mining jobs to the New England region, including in Gunnedah, Tamworth and Narrabri.


There were 2,284 local coal mining production jobs in December 2017, an increase of 162 on the same time in 2016 and the highest number on record. Nearly 900 more coal mining jobs have been created in the region over the last three years, delivering economic strength to local communities.

 

The growth in local coal mining jobs is also good news for the more than 400 businesses in the region that supply mining operations, helping them employ hundreds more local people.  


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.


“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 like New England.”  


“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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