Direct Mining Spending Boosts New England Economy

May 10, 2018

10th May 2018


Direct Mining Spending Boosts New England Economy


The NSW Minerals Council’s latest annual member company Expenditure Survey has found that the 26 participating mining companies directly injected $201.5 million into the New England economy in 2016/17, supporting thousands of jobs and generating millions in additional spending across the region, particularly in local mining communities like Gunnedah, Tamworth, Narrabri, Boggabri and Werris Creek.


“These survey results cover the end of the previous mining downturn and the start of the current recovery, and with over $200 million spent by the industry in New England during this period it’s clear that mining is a resilient and consistent contributor to the region’s economy,” NSW Minerals Council CEO, Stephen Galilee said today.


This direct spending is estimated to have contributed 3.8 percent of the Gross Regional Product of the New England economy in 2016-17.


This $201.5 million in direct spending in 2016-17 included $115.4 million in wages for 975 full-time employees, and $86.1 million in purchases from 385 local businesses, along with community contributions and payments to local government.


The survey found that direct mining spending in the Gunnedah Local Government Area (LGA) totalled $106.3 million in 2016-17, including $60.2 million in wages to 506 full-time employees and $46.1 million in purchases with 164 local businesses.


In the Tamworth Regional LGA spending totalled $28.5 million in 2016-17, including

$17 million in wages to 146 full-time employees and $11.5 million in purchases with 88 local businesses.


In the Narrabri LGA mining companies spent $49.4 million in 2016-17, including

$29.3 million in wages to 232 full-time employees and over $20 million in purchases with 87 local businesses.


“This survey, now completed for a sixth year, confirms that New England continues to depend on mining activity for local jobs, investment and economic growth. Ensuring the right policy settings for mining will deliver more jobs, more opportunities, and better times for our local mining communities over the long term,” he said.


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

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