HVO’s 2022 ECONOMIC CONTRIBUTION ALMOST $1.5 BILLION
Hunter Valley Operations (HVO) made a direct economic contribution of almost $1.5 billion in 2022. The figure comes from annual analysis of the mine’s socio-economic contribution and includes $139 million paid in wages, $744 million in supplier and contractor payments and $580 million in taxes and royalties to governments. The figure doesn’t include additional contributions […]
HVO’s 2022 ECONOMIC CONTRIBUTION ALMOST $1.5 BILLION24 June 2023
Hunter Valley Operations (HVO) made a direct economic contribution of almost $1.5 billion in 2022.
The figure comes from annual analysis of the mine’s socio-economic contribution and includes $139 million paid in wages, $744 million in supplier and contractor payments and $580 million in taxes and royalties to governments. The figure doesn’t include additional contributions made via indirect jobs and other indirect economic benefits.
In 2022, HVO had 1,357 employees and contractors and supported 751 suppliers.
General manager Dave Foster said HVO staff take great satisfaction in the contribution they make to the communities in which they live and work. He said as one of the oldest and largest mines in the Hunter Valley, HVO has a proud history of supporting people, communities and businesses.
“I want to thank our workforce for their hard work to make this $1.5 billion contribution possible,” Dave said.
“For more than 70 years, Hunter Valley Operations has been part of the Singleton and Hunter communities. We appreciate the community support we receive and strive to give back to local people and businesses,” he said.
“Our people are locals. They and their families live in communities around our mine, spending their wages in local shops and with local businesses.”
“HVO works with hundreds of suppliers, many of them local. Our partnerships help suppliers to establish and grow successful businesses and employ more local people. Our partnerships with local companies, MTec, Pro Mine and Programmed are three examples.”
“The taxes and royalties we pay to government helps to fund community infrastructure such as hospitals, schools, roads and the salaries of nurses, teachers and Police.”
Dave said HVO makes a broader contribution in terms of providing skills and training to local young people as well as other community and charity support.
“Our apprenticeship and cadetship programs mean young people can get a trade and skills locally to build successful careers in our community.”
“We support some amazing local charities and community groups to help local communities, through our workplace giving, charity support and community grants programs.
“We are expanding our charity support through our mining truck partnerships with five new partners. Our charity partnerships are not just about donations based on each truck’s haulage rates. They are about helping raise awareness of the work and services provided by those groups to our staff and others in the community.”
“One of the ways we realise our vision of being a safe, sustainable and reliable mine is by contributing positively to the environment and our communities in which we operate. Giving back to community aligns with our values of thinking sharp, digging in and caring.”
HVO is currently seeking approval from the federal and NSW governments to continue mining until 2050 which will provide around 1500 ongoing local jobs as well as support to businesses and the community.