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 2018/19
The NSW Minerals Council’s latest annual member Expenditure Survey has found that the 28 participating mining companies directly injected $13.7 billion into the NSW economy in the last financial year, up $300 million from the previous year.
The number of mining jobs provided by the participating mining companies also increased by nearly 500 to 25,844 over the same period.
The $13.7 billion of direct mining spending in NSW in the last financial year included over $3 billion spent on wages and salaries, as well as $8.9 billion for goods and services purchased from over 7,000 mining supplier businesses in Sydney and across regional NSW.
Surveyed companies also spent $105 million in community contributions and payments to local governments, and $2.3 billion was spent in taxes to the NSW Government, including royalties.
This survey, now completed for the eighth year, demonstrates the scale of mining’s contribution and the importance of mining to the broader NSW economy.