How will the mine benefit the community?
Community Benefits
Creating local jobs and support for local businesses
Many locals will hardly be aware the mine exists, other than the benefits it will bring to the local community.
Terramin has demonstrated its commitment to supporting the local community in Strathalbyn, sponsoring local sporting teams and the CFS and now in Woodside, is continuing this tradition having sponsored the Woodside Warriors Soccer Club to assist with the installation of solar panels for their club rooms.
Terramin’s corporate citizenship policy includes employing local and buying local wherever possible.
Our Mining Lease Proposal (MLP) details the expected benefits to the local community and South Australia…
Economic benefits
140
Local jobs
$185 million of estimated wages and salaries.
2,380 person years of employment (or an average of around 140 direct and 600 indirect full time equivalent jobs at its peak – equating to 2,350 Full time Equivalent (FTE) jobs over the life of the Project).
$50 Million
In state revenue
Total positive impact on Gross State Product of an estimated $222 million over 8 years.
5% Increase
In State Exports
Economic modelling in the Mining Lease Application as submitted to the State Government (Department of Energy and Mining) in July 2019.
$30 million
Spent with local businesses
60% of the economic benefit will occur in the Adelaide Hills Council area, around Woodside (an estimated 420 FTEs at peak equating to 1,400 FTE over the life of the project).
There will be economic multiplier effects benefitting the local community from local employment and purchasing from local businesses.