Mining makes a significant contribution

Results from the latest NSW Minerals Council’s annual Member Expenditure Survey have confirmed mining’s ongoing critical economic contribution to the Cobar Local Government Area (LGA), as well as to the overall North Western region of NSW.

In the Cobar LGA, participating mining companies supported over 600 local jobs and directly injected $100 million into the local economy.

The $100 million of direct mining spending in the Cobar LGA last financial year included over $64 million on wages and salaries, and $36 million for goods and services purchased from over 116 local mining supplier businesses.

Across the North Western region participating mining companies supported over 2,934 jobs, the second highest number of jobs reported in the decade-long history of the survey.

region last financial year included over $347 million on wages and salaries, and $228 million for goods and services purchased from over 715 mining supplier businesses across the region, an increase in the number of supply businesses of around 90.

NSW Minerals Council CEO Stephen Galilee said an economic analysis of the survey results found the $591 million of direct spending of the 27 participating mining companies in the last financial year contributed around 12 per cent of the GRP of the region’s economy during this period.

“These very strong results highlight the importance of mining for the North Western region’s economy, and for mining communities across the region,” Mr Galilee said.

“Mining clearly continues to provide economic strength and stability to communities in the region, supporting thousands of local families and businesses.”

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The same companies also directly injected $591 million into the North Western region’s economy in the last financial year, the third highest level of spending in the region since the survey was first undertaken.

Direct mining spending in the North Western

He said with an election approaching, these strong results are a timely reminder of the importance for Cobar residents considering their vote based on who will best support a strong mining sector into the future.

Ordinary Council Meeting

February 23, 2023

Open to the public Agendas and business papers are available to the public now.

Copies are available from the Council Administration Office or may be downloaded from website: www.cobar.nsw.gov.au/council/ council-meetings