This is the second time the MCA has completed this survey of all Victorian mines to show the wages, jobs, taxes, business purchases and community contributions mining makes in our state. It is a rich data set down to region and local government area.
The benefits are significant and since the last survey in 2021, the direct spend by Victorian mines in Victoria has increased to $570 million.
Key points:
- Wages: $181 million in wages and salaries to almost 1,500 direct fulltime resident employees, representing an average salary level across the sector of $122k per annum
- Local business: $347 million in purchases of goods and services from almost 1,700 local businesses. 77% of all spending globally on goods and services was with Victorian businesses
- Revenue: $39 million in state government payments and over $200 million in Australia wide taxes
- Regional spend: $330 million of the $570 million was regional in wages, local business support and community grants
- By region: Central Victoria/Loddon Murray enjoyed the biggest injection from the minerals sector ($214 million), followed by Melbourne ($199 million) and Western Victoria ($90 million). Greater Bendigo had the largest amount of direct expenditure at $196 million.
In summary – Mining uses less than 0.2% of Victoria’s land but generates $1.3 billion of value.
