Mining jobs and spending in NSW swell

The first discovery of copper in Cobar was made in 1870, according to the Cobar Shire.
The first discovery of copper in Cobar was made in 1870, according to the Cobar Shire.

Results from the NSW Minerals Council’s latest annual Member Expenditure Survey have confirmed mining’s ongoing strong economic contribution to Cobar.

In FY24, participating mining companies supported over 633 local jobs and directly spent $148m in Cobar, according to the survey.

This is an increase in spending levels in the Cobar Local Government Area (LGA) of $15m compared to the previous year.

It is also the highest level of spending recorded for Cobar since 2018-19 when relevant survey results for Cobar were first recorded.

The $148m of direct mining spending in Cobar in FY24 included over $76m on wages and salaries, and $72m for goods and services purchased from over 93 local mining supplier businesses.

NSW Minerals Council chief executive Stephen Galilee comments on the results.

“These strong results highlight the ongoing importance of mining for Cobar and the surrounding region,” he said.

“Mining continues to provide economic stability to Cobar and surrounds, supporting hundreds of local families and businesses.”

RELATED ARTICLESMORE FROM AUTHOR