NSW Minerals Council's 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.
"Despite the COVID-19 pandemic that gripped the world last year, mining's contribution to the NSW economy remained strong in 2019-20, with increases in jobs, salaries and the number of local mining supplier businesses in NSW," NSW Minerals Council CEO, Stephen Galilee said today.
The $14.9 billion in spending by mining companies in NSW during the last financial year represents an increase of $1.2 billion on the previous financial year - a strong result given the survey period included the first half of 2020 when the impact of COVID-19 was being felt across the economy.
There were almost 27,500 mining jobs supported by member companies in 2019-20, an increase of around 1,300 compared to the previous financial year. Member companies also directly spent $10.3 billion in NSW during the last financial year on the purchase of goods and services from almost 8,000 local businesses. This is an increase of around 1,000 in the number of local businesses supported by mining from the previous financial year. Surveyed companies also spent $94 million in community contributions and payments to local governments and contributed $1.8 billion in taxes to the NSW Government.
Sign up for our newsletter to stay up to date.