Economic Impact Assessment of the NRWMF Kimba South Australia Kimba Consultative Committee, Thursday 26 July 2018
Construction phase Table 1: Construction phase spending under the central case scenario, 2021 – 2024, $million Table 2: Direct Construction employment under the central case scenario (FTE) Table 3: Migrant worker expenditure under the central case scenario ($ million)
Operational phase Ongoing employment of 45 FTE Figure 1: Operational costs under the central case scenario (real 2018 $ million) Ongoing employment of 45 FTE 34 FTE retrained from existing local workforce (conservatively assumed, non additional) 11 FTE relocated outside the area Generating a wage premium of $2.1 million per year No account of any funding under the Community Benefits Program
Dynamic modelling process Figure 2: Stylised results
Modelling results – Central Case
Modelling results – Local Content Scenarios
Modelling results – Labour Market Sensitivity Scenarios
Evidence of economic impacts – comparable sites – Sydney house prices Figure 3: Quarterly median house prices over the last five years Source: Data from https://propertydata.realestateview.com.au/propertydata/median-prices/nsw/
Evidence of economic impacts – comparable sites – Port Hope Canada Figure 4: Share of employment by industry sector (% of employees), 2016 Source: Cadence Economics estimates, from Canadian Census 2016
Evidence of economic impacts – comparable sites – Aube France Figure 5: Share of employment by industry sector (% of employees), 2011 Source: Cadence Economics estimates, from French Census 2011 Source: Cadence Economics estimates, from Canadian Census 2016