Mining is a large industry in the Orana, with commodities including coal, silver, lead, zinc, copper, gold and rare earths.
Fortunately for us, the sector has and will continue to buffer the impact of COVID19 through employment, investment and commercial activity which has an output of $3714.024M and a value add of $1,867.006M or 21% of the economy. Imports of $1,081.026M make mining the largest economic contributor in the region.
Mining is a strong sector in the region in its production, development and exploration and the outlook for the sector offers a diverse range of openings for companies and communities.
The modern world has a heavy reliance on the mining industry because of its contribution to our built environment of which many elements are extracted from the earth.
Mining's input to employment is also significant, with 3353 jobs or 6.72 per cent of Orana's employed population involved in this industry.
- PART 1: The hardest hit: An overview of job losses in the region
- PART 2: Recovery for those hit the hardest by coronavirus restrictions
- PART 3:Regional Impacts and what you have told RDA Orana
- PART 4: Gaps analysis around COVID-19 response
- PART 5: Agricultural consistency shows the region's tangibility and resilience
Mining is well-supported by the transport and agricultural sectors, which are all key economic drivers in the region. In turn, these sectors are assisted by manufacturing which continues to strengthen the economy.
Since COVID-19 restrictions were implemented, mining companies have continued to operate in the area. However, the impact has been on external forces that contribute to the sector, including staff transport capabilities (FIFO), product supplies and risk management including hazard management and compliance checks.
Workplace efficiencies and on-site training opportunities have also taken a hit in recent months.
Social distancing and extra safety measures have been implemented on mine sites for the health and wellbeing of workers and their families. Given the nature of this industry, it's been important to keep the gates open in terms of its contribution to the economy, trade opportunities and as a large employer in the region.
In the recovery phase, mining is providing a buffer for other industries. It has continued to be productive and has shown resilience in the face of drought and recent downturns.
As long as there are minerals in the ground, mining will continue so it is important to maintain investment, stability and a competitive advantage to allow for a more robust recovery in other sectors.
Mining brings wealth into areas that have struggled economically due to the impact of COVID-19 and it is expected to continue adding strength and buoyancy to the economy.
Future investments in exploration will lead to more production and growth in this area, boosting supply industries and providing employment opportunities.
New mining technologies are being implemented and local communities will be able to thrive in this environment, leading the way towards positive social and economic benefits.
RDA Orana actively supports the sector through its METS Export Hub. Businesses that support mining, needing support to expand are encouraged to contact RDA Orana.
RDA Orana is a not for profit business that receives federal funding to support regional and economic development initiatives across the Orana region. Our mission is to support sustainable economic growth through the provision of regional intelligence that creates connections and collaborations, supports investment decisions by business and government, and that encourages the development of our workforce. To find out more visit rdaorana.org.au
Regional Recovery with RDA Orana is a series of columns produced by RDA Orana looking at the impacts of COVID-19 and the road to recovery for our community.
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