The ongoing dividend of the Millennium Mining Boom. By 2013, the .... Information accurate as of February 2016. $100per
The whole Mining’s contribution to the Australian community ... in numbers
Australian jobs
Export share
Tax and royalties
Global energy demand
Direct employment in the Australian mining industry.
The mining industry’s share of Australia’s total exports of goods and services in 2014-15.
Federal company tax and state and territory royalties paid in the decade to 2014-15.
IEA forecast for increase in world primary energy demand between 2013 and 2040.
225,900
56%
$165b
32%
The ongoing dividend of the Millennium Mining Boom By 2013, the boom had:
Mining GDP share (%)
Mining jobs (‘000s)
Mining exports (%)
• Raised real per capita income by 13 per cent
10
250
60
www.minerals.org.au
150 100
30
104
84
20
50
10
1
From a longer run perspective, mining employment is still more than double what it was before the boom – in spite of the industry shedding jobs in recent years.
5 -1 14 20
-0 04 20
5 20
14
-1
5 20
04
-0
5 19
94
-9
5 20
14
-1
5 04
-0
5 -9 94 19
Mining’s relative importance to the Australian economy has increased from around 6.9 per cent of GDP to more than 9 per cent.
5
0
0
0
5
2
34
-9
3
41 40
94
The mining sector’s capital stock is three times larger than it was a decade ago. This investment is continuing to deliver dividends.
50
5 4
56
19
6
226
200
6.9
7
• Lowered the unemployment rate by 1.25 per cent.
The economic importance and contribution of this industry – especially in regional Australia – is large and enduring.
7.4
8
20
• Raised real wages by 6 per cent
9.2
9
Mining is Australia’s largest export industry by a very wide margin. In 2014-15, mining export earnings were $172 billion. Five out of 10 Australia’s biggest exports were mining outputs.
Mining’s contribution to the Australian community ... in numbers Jobs
Employment
Economic contribution
Exports & outlook
Innovation
Regional jobs
Workforce
Indigenous jobs
Wages
Earnings
Value
6%
$2,605
$515,000
of the industry’s workforce is Indigenous, up from 0.5 per cent two decades ago.
Average weekly pay in May 2015, full-time adult total earnings.
69%
higher than the allindustries average full-time adult earnings.
Contribution per employee to the economy – almost double the second highest, the finance sector.
225,900 >2x Direct employment in the Australian mining industry.
More than twice as many jobs in the industry today than before the mining boom.
61%
Investment
Income
Tax
Company tax
Tax rate
Royalties
Tax ratio
Tax payments
$400b
$100
2x
21.1%
27%
$8.4b
47%
$165b
GDP
Industry investment in Australia in the period 2003-2014.
per week
Boost to Australian household’s average weekly income from the mining boom.
of mining jobs are located in regional or remote Australia.
15%
of the industry’s workforce was female in 2015, up from 9 per cent in 1999.
Company tax and royalties paid by mining companies as compared to before the mining boom.
Mining pays more than a fifth of all company tax but accounts for less than 1 per cent of all companies.
Mining’s average effective company tax rate was above the all-industries average of 23 per cent in 2012-2013.
paid in 2014-15. Up from $2.1 billion paid to state governments in 2004-05.
The total taxable ratio including company tax and royalties in 2012-13.
Federal company tax and state and territory royalties paid between 2005-06 and 2014-15.
Export share
Export volume
Earnings growth
Export income
Iron ore
Coal trade
Uranium demand
9%
56%
19%
6%
$256b
$600b
37%
86%
R&D spend
R&D share
Coal
Low emissions
New generation plants
New generation plants
CO2 reductions
CO2 reductions
$80m
$300m
670
40%-50%
90%
Minerals exports contribution to Australia’s GDP.
Mining’s share of Australia’s total exports of goods and services in 2014-15.
$1.8b
10%
Industry goal
Claims
0
51%
Industry expenditure in 2013-14.
Health & safety
Jobs
minerals.org.au
Fatalities, injuries and diseases.
Industry’s share of Australia’s R&D spend in 2013-14.
Fall in serious workers compensations claims from 2000-01 to 2010-11.
Information accurate as of February 2016.
increase over the past three years.
Research funded by the Australian Coal Association Research Program (ACARP) 2004 to 2014.
per annum
Projected average annual rate of growth from 2015-16 to 2019-20
COAL21 Fund support for low emissions coal technology demonstration projects.
Projected income in 2019-20 (in 2015-16 dollars)
High efficiency, low emissions (HELE) coal-fired power units in operation.
Expected contribution to the Australian economy over the next decade.
1,066
High efficiency, low emissions (HELE) coal-fired power units in planning.
International Energy Agency forecast for growth in Australia’s coal exports by 2040.
Emissions per watt of electricity generated by high efficiency, low emissions (HELE) coal-fired power plants.
There are more than twice as many jobs in the industry today than there were before the mining boom.
International Energy Agency forecast for nuclear power generation growth by 2040 (New Policies Scenario)
Integrating HELE technology and carbon capture and storage.
Indigenous partnerships
Energy demand
Mining & the environment
Manufacturing & services
Training budget
University funding
63%
5.5%
$46m
Land use agreements
Native title payments
Indigenous trusts
1,984
Agreements negotiated – 99 per cent involved no legal contest of rights.
$3b
Estimated native title related payments in 2011-12.
$40b
Energy poverty
Global demand
Coal’s role
32%
30%
Land
Rehabilitation
Water
0.021%
80%
3%
Revenue
Exports
Procurement
$90b
$15b
$2.2b
Employees with a certificate III qualification or higher – all industries average is 58 per cent.
1.3b
People without access to energy – another 2 billion people have only limited access.
Proportion of the Australian land mass disturbed by mining.
Generated by the mining equipment, technology and services (METS) sector annually.
Expenditure is five times more than government benchmarks as a proportion of payroll.
International Energy Agency forecast for increase in world primary energy demand between 2013 and 2040.
Proportion of newly disturbed coal mining land in the Upper Hunter Valley rehabilitated in 2013.
METS sector annual export income.
Industry investment for mining engineering, metallurgy and minerals geoscience students.
Assets in Indigenous trusts collected from mining activity.
of global electricity generation in 2040.
Mining’s share of Australia’s water use.
Indigenous services purchased in 2011-12.
Source: The Whole Story: Mining’s contribution to the Australian community, Minerals Council of Australia, Canberra, 2015. For original sources of statistics visit www.minerals.org.au. Download The Whole Story using the QR Code Reader on your phone or at http: //goo.gl/8CWrs1
Find us on: /MineralsCouncilAust @MineralsCouncil mineralscouncilofaustralia
Minerals Council of Australia
44 Sydney Ave, Forrest ACT 2603 P. + 61 2 6233 0600 E.
[email protected]
Information accurate as of February 2016.
Skills & training
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