Mining Frontier
  • Home
  • News
  • Press Releases
  • Market Reports
  • Sectors
    • Aluminium
    • COAL
    • COPPER
    • DIAMONDS
    • GOLD
    • IRON ORE AND MANGANESE
    • NICKEL
    • NIOBIUM
    • PHOSPHATES
    • PLATINUM
    • STEEL
  • Projects
  • Events & Conferences
  • Contact US
  • More
    • Newsletter Archive
No Result
View All Result
  • Home
  • News
  • Press Releases
  • Market Reports
  • Sectors
    • Aluminium
    • COAL
    • COPPER
    • DIAMONDS
    • GOLD
    • IRON ORE AND MANGANESE
    • NICKEL
    • NIOBIUM
    • PHOSPHATES
    • PLATINUM
    • STEEL
  • Projects
  • Events & Conferences
  • Contact US
  • More
    • Newsletter Archive
No Result
View All Result
Mining Frontier
No Result
View All Result
Home Asia Pacific

Mining investment rise generated fewer jobs in New South Wales, says report

November 18, 2014
in Asia Pacific, News

Note* - All images used are for editorial and illustrative purposes only and may not originate from the original news provider or associated company.

Mining companies in New South Wales have employed 1,967 fewer workers in 2013 to 2014 compared with the previous year, despite investing $13.6bn into the Australian state, according to a survey.

 

The latest Expenditure Survey conducted by NSW Minerals Council states that the 22 mining companies surveyed invested almost one billion more than the $12.8bn in the previous year.

 

During the period, $2.9bn was spent on wages for 21,516 full-time employees while $9.6bn was used for transactions with 8,202 local businesses, to make community contributions and payments to local government.

 

Hunter region emerged as the ‘beating heart of the state’s mining sector’, and the report indicated that the region had attracted $5.9bn of investment, which is 43% of the direct expenditure in the NSW mining sector.

 

Sydney attracted $3.3bn of investment between 2013 and 2014, which is about 25% of the total amount for the state, the report said.

 

SW Minerals Council CEO Stephen Galilee said: “Most people don’t realise that Sydney is a significant mining region, but the reality is that there are many suburbs of Sydney, particularly in Western Sydney, that benefit from mining.

 

Companies in the mining supply chain have fallen by 2,000 to 8,202, due to tough margins and business conditions.

 

Stephen Galilee said: “Lost mining jobs and fewer mining supply businesses show that when mining is hurting, the rest of the economy hurts too.

 

“Yet despite the tough times, our sector continues to be an essential pillar of regional economies across NSW, contributing 28% of gross regional product (GRP) in the Hunter, 14.4% in the Illawarra, and 12.1% in the Central West of NSW.”

Previous Post

SYSPRO ERP Solution Facilitates Deep Data Integration, Says Analyst

Next Post

EPA conditionally approves Rio Tinto's $3.5bn Koodaideri iron ore mine

Related Posts

US Eyes Rubaya Mine in Congo
News

US Eyes Rubaya Mine in Congo for Coltan Reserves

June 30, 2025
HD Hyundai Construction
News

HD Hyundai Construction Equipment Expands Mining Presence

June 27, 2025
South Africa Revives Mining Endeavors
News

To Keep Pace Globally, South Africa Revives Mining Endeavors

May 19, 2025
Mining Projects in America
News

Mining Projects in America Getting the Executive Order Push

May 19, 2025
Coal Exploration Programme
News

Coal Exploration Programme Gets a Go Ahead in Canada

May 19, 2025
Mining StartUps Looking for Better Europe Avenues
News

Mining StartUps Looking for Better Europe Avenues

May 19, 2025
Next Post

Aker Arctic Technology Chooses BlueCielo Project Portal for Document Control, Change Management and Collaboration

No Result
View All Result

Recent Posts

  • Automated Solutions in Mining Equipment Driving the Change
  • Absolute Visibility of Digital Transformation in Mining
  • 2025 Mining Equipment Trends – Carrying Legacy to Modernity
  • Ore Extraction Processes Getting AI-Powered Robot Support
  • A Deep Dive into Machinery Maintenance in Mining in Canada

System

  • Search
  • Sitemap
  • Feed

Resources

  • Contact US
  • Download Mediapack
  • Home
  • News
  • Press Releases
  • Market Reports
  • Sectors
  • Projects
  • Events & Conferences
  • Contact US
  • More

© 2019 Copyright Valuemediaservices All rights reserved.

No Result
View All Result
  • Home
  • News
  • Press Releases
  • Market Reports
  • Sectors
    • Aluminium
    • COAL
    • COPPER
    • DIAMONDS
    • GOLD
    • IRON ORE AND MANGANESE
    • NICKEL
    • NIOBIUM
    • PHOSPHATES
    • PLATINUM
    • STEEL
  • Projects
  • Events & Conferences
  • Contact US
  • More
    • Newsletter Archive

© 2019 Copyright Valuemediaservices All rights reserved.

Login to your account below

Forgotten Password? Sign Up

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In