Mining represents over half of the Gross Regional Product (GRP) of the Mid-Western local government area, according to the NSW Minerals Council's annual Expenditure Survey.
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The owners of Ulan's three mines - Glencore, Peabody and Yancoal - were among the participating mining companies.
An economic analysis of the survey results found that the regional economic impact of the direct spending during the 2018/19 financial year was of $852 million and equivalent to 58.8 per cent of the GRP of the local region.
The total workforce within the Mid-Western Region LGA was 1857 full-time equivalents (FTEs), 1582 of which residing employees with associated salaries of $195.4m.
Total direct spending - salaries, business purchases, local council and community contributions - comes to $376m. With 333 businesses counted as being directly supported.
For the wider Central West region, direct spending of the participating mining companies was equivalent to 15 per cent of the GRP, contributing $781.3m.
The total workforce was 3,266 FTEs, including 647 contract workers whose place of work was in the region; $318.1m was spent in wages and salaries to 2,619 direct full-time employees (not including contractors); $445.6m in purchases of goods and services from 632 local businesses (includes contractors).
And it's claimed that $781.3m in direct spending generated; $957.9m in additional supply chain goods and services purchases; and $433.3m in wages and salaries associated with 11,545 additional jobs supported in this region.
NSW Minerals Council CEO Stephen Galilee said, "these results confirm that much of regional NSW continues to depend on mining for local jobs, investment and economic growth".
"These jobs and expenditure numbers highlight the importance of a strong mining sector for the NSW economy and for regional mining communities across the state. The numbers also demonstrate how the NSW mining industry can provide economic strength and stability during and after the coronavirus pandemic," he said.
"The coronavirus has changed the world as we know it. While these figures show mining's strong contribution to the NSW economy prior to the outbreak of this pandemic, they also highlight the important role mining will play in the coming months, maintaining jobs and economic stability as our state recovers from the crisis."
A copy of the Report can be found at nswmining.com.au/expenditure-and-jobs-surveys
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