Mining in NSW makes a major contribution to the state’s economy through jobs, expenditure with local businesses, taxes, levies and royalties paid to local, state and federal governments, and export revenue to the state.
NSW Mining Industry Expenditure Impact Survey 2019/20
The results from our latest survey show our mining industry made a huge contribution to keeping the NSW economy strong, despite the pandemic.
The survey found our mining member companies directly injected $15 billion into the state economy in 2019-20, while supporting tens of thousands of jobs and generating billions in additional spending across NSW, particularly in regional communities.
This $15 billion in direct mining spending in NSW is an increase of $1.3 billion on the previous financial year and the highest in the nine years that the survey has been undertaken.
Around 29,000 mining jobs were supported by our member mining companies in 2019-20. Remarkably, this was an increase of around 3,000 jobs compared to the previous financial year, and once again the highest in the history of the survey.
The survey also found almost 8,000 local businesses were part of the mining supply chain, sharing in the $15 billion in mining spending across NSW. Importantly, more than 2,500 of these businesses were in the Sydney region, highlighting how mining in regional NSW delivers tangible economic benefits to people living in the suburbs of Sydney.
These results are good news for our economy and for people in regional communities across NSW. They also highlight future opportunities for economic growth from a strong mining sector.
The full report is available for download here.
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