The NSW Minerals Council’s latest annual member Expenditure Survey has found that in the last financial year the 27 participating NSW mining companies supported a record number of mining jobs and direct spending in NSW, helping the NSW economy out of the Covid-19 economic downturn.

The Federal Government is considering a tax on coal exports in response to high electricity prices. However, a new tax on coal exports is a bad idea that won’t work. 

With the cost of living a key issue for voters, and a state election approaching, the NSW Government recently decided upon a sudden market intervention. A price cap was imposed on all coal sold to NSW power stations in an attempt to reduce power bills.

The release of the Fraser Institute’s Annual Mining Survey shows that NSW has improved its ranking as an attractive jurisdiction for mining investment, however it’s clear more needs to be done as domestic and international competitors continue to outperform our state.

The NSW Minerals Council’s latest annual member company Expenditure Survey found the 27 participating mining companies directly injected $14.9 billion into the NSW economy in 2019-20, while supporting tens of thousands of jobs and generating billions in additional spending across NSW, particularly in regional communities.