Money rolls in as community groups benefit from mining
Thursday, 9th January, 2014
Broken Hill’s mining sector helped community groups to the tune of over $9,000 last financial year, according to a survey.
The NSW Minerals Council yesterday released the full results of its economic survey of 26 mining companies.
According to the survey, mining poured around $13 billion into NSW towns and cities last financial year through wages, goods, services and community contributions.
Over 900 community groups benefitted from over $16 million in donations and other contributions from mining companies.
In Broken Hill mining companies helped groups to the tune of $9,127, according to the survey, which was conducted by Lawrence Consulting.
NSW Minerals CEO Stephen Galilee said the survey provided a clear picture of the benefits of mining beyond the mining sector.
He said while regional NSW received the bulk of mining spending, around a quarter benefitted Sydney last financial year.
“The future strength of the NSW economy
requires policies that support responsible development of our industry so the sector can continue to deliver wages and business spending in mining regions...,” Mr Galilee said.
“It’s vital that in 2014 governments at all levels get the policy balance right and support the responsible development of mining in NSW.”
In November the Minerals Council released early results of the survey which showed the mining sector pumped $187 million into the Broken Hill economy in 2012-13, including $52m in wages.