Lithium Valley Main Report 2018
7.3 Actual and forecast employment in WA mineral sector - New Energy metals
increased substantially in the last 12 months and is expected to continue as new projects are publicly announced. In addition, if new secondary processing factories were built the total capital investment is forecast to be approximately an additional A$20.3 billion and employ up to 13,000 people. Total forecast potential capital investment of A$34.1 billion also includes the A$13.8 billion for mines and refining as well as A$300 million for recycling facilities which could be developed in Geraldton. Table 7 highlights employment data, as provided by the Department of Mines, Industry Regulation and Safety, of the proportion of employment of individuals in the energy metal sector. "And we also have a great skill set here in Australia, so let's take it right through to its logical conclusion, which is make the batteries here." Vincent Algar - Australian Vanadium ABC News “
Construction jobs are expected to increase sharply in the coming years due to the new lithium industry developments. The potential processing factories are likely to be battery manufacturing facilities focussing primarily for the export market. All the New Energy metals are expected to see growth in employment although the main employment growth will be in the lithium sector. Permanent employees are expected to earn a minimum 12% higher wages than construction workers in the New Energy metals industries, and secondary processing is expected to be over 31% higher than construction workers salaries. Based on published data, executive salaries for energy metal companies are higher than comparative resource company salaries on a cash basis. InfraNomics’ analysis forecasts employment generation until 2025 to be approximately 21,480 new full-time positions. Based upon research into employment multipliers, the indirect employment multiplier is expected to be 2.5 and equates to an estimated 53,700 indirect jobs may be created. This brings the total jobs creation opportunity in the sector to 75,180. If this is added to existing direct and indirect jobs this equates to an estimated 100,698 jobs related to this New Energy metals sector by 2025. The wages paid on the full-time positions are forecast to increase by approximately A$2.45 billion until 2025, from an estimated A$845m in 2016/17, to over A$3.3 billion in 2025. In Western Australia, the payroll tax rate is 5.5%. From 1 July 2016, the annual threshold is $850,000 and the monthly threshold is $70,833. The estimate is that payroll tax collections will increase by approximately A$134 million per annum until 2025, from A$46.5m in 2016/17 to be approximately A$181 million per annum by 2025. Capital investment in the following New Energy metals lithium, manganese, nickel, rare earths, tin, tantalum and lithium, vanadium, cobalt and titanium is forecast to be a minimum A$13.8 billion until 2025 based upon existing or in development projects. Capital investment in this sector has
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