A SURVEY of 26 exploration and mining companies in New South Wales has revealed a record contribution of $12.8 billion from the resource sector into the state’s economy.
Commissioned by the NSW Minerals Council, the study found that resource employers had spent $3.1bn on wages and $9.7bn on goods and services in the 2012-13 financial year, contributing significant financial gain to more than 10,500 businesses state-wide.
The total expenditure exceeded 2011-12 figures by $3.5bn, or 38%.
Speaking at the NSW Mining Industry and Suppliers Conference in Sydney, NSW Minerals Council chief executive Stephen Galilee said the results highlighted the economic importance of supporting the state’s resource industry.
“This survey of our members provides a detailed picture of the economic benefits of mining beyond the mining sector, not just in mining regions, but also in Sydney and across the state,” he said.
“That’s why it’s vital that governments at all levels get the policy balance right and support the responsible development of mining in NSW.
“Mining has had a tough 12 months, with a fall in commodity prices, a high Australian dollar, increased regulatory costs, and uncertainty within the industry in relation to the NSW planning system.
“If we want our local mining industry to continue to drive economic activity in NSW and support jobs and local businesses across the state, the NSW planning system must be fixed to provide certainty and stability for the future.”
To the NSW Minerals Council’s infographic of this survey, click here.