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Millions for the Illawarra economy

South32 has committed to net zero Scope 3 greenhouse gas emissions by 2050. Scope 3 emissions include all sources not within scope 1 and 2 boundary.

The latest Member Expenditure Survey from the NSW Minerals Council has confirmed mining’s important economic contribution to the Illawarra region.

The survey has found that participating companies directly injected $802 million into the economy, an increase of $100 million on the previous year.

“These very strong results highlight the importance of mining for the Illawarra’s economy, and for mining communities across the region,” NSW Minerals Council chief executive officer Stephen Galilee said.

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

This is the fourth year in a row that direct mining spending in the Illawarra has been above $650 million.

In the same vein, mining companies in the region also supported 1,856 full-time jobs with over $170 million in wages and salaries and $630 million for goods and services.

The goods and services were purchased from over 420 mining supplier businesses across the region.

“These strong results are a timely reminder of the importance of a strong mining sector for the future of the Illawarra,” Galilee said.

In a similar survey for the Hunter region of the state, the NSW Minerals Council found that a total of $6.3 billion was directly injected into the Hunter economy by mining companies.

This is the third consecutive year that direct spending in the region (by the mining industry) has been over $6 billion, according to the NSW Minerals Council.

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