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Survey confirms record spending, mining jobs in Hunter

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The reports of mining’s death might be greatly exaggerated.

That’s according to the latest results from the NSW Minerals Council’s Member Expenditure Survey.

Not surprisingly, the review confirmed the industry’s continued critical economic role in the Hunter, despite a push for more clean energy from the federal government.

In the last financial year, participating mining companies supported more than 15,300 jobs in the region, an increase of over 1,700 compared to the previous 12 months.

Amazingly, it was also the highest number reported in the 12-year history of the survey.

The same companies directly injected $8.2 billion into the Hunter economy in the past financial year, too.

That was a rise of nearly $2 billion on the previous period and the highest survey result ever reported.

NSW Minerals Council CEO Stephen Galilee was thrilled with the outcome.

“It’s the fourth consecutive year that direct mining spending in the Hunter has been in excess of $6 billion,” he said.

“That $8.2 billion figure included almost $1.9 billion on wages and salaries and $6.3 billion for goods and services purchased from over 2,700 mining supplier businesses across the region.

“An economic analysis of these results also found the $8.2 billion of direct spending – of the 28 participating companies in the last financial year – contributed 25% of the GRP of the Hunter’s economy during this period.

“Mining companies in the region are spending at record levels, while also supporting a record number of jobs.

“It certainly highlights the importance of the sector for local communities and the Hunter’s economy.

“These record results are a timely reminder of the need for policies that support a strong mining industry for the future of the region.”

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