Community and Economic Benefits
Community Benefits
CPM considers it a privilege to be able to operate Sino Iron and as such understands that community involvement is critical to the project’s success. Building sustainable long-term working relationships and community partnerships enables the development of lasting social and economic benefits.
CPM always strives to:
- Anticipate and assess potential impacts our operations may have on the local community and work in partnership to reduce impacts.
- Work with local people including local government and indigenous groups in identifying community needs.
- Partner with local groups in priority projects and initiatives.
- Enrich the community beyond the life of mining operations.
In recent years, staff and the company have come together to partner with major organisations such as the Heart Foundation, Royal Flying Doctor Service, National Breast Cancer Foundation and beyondblue in raising hundreds of thousands of dollars for these causes and raising their profile among employees and in the wider community.
We also support more than a dozen grassroots, Pilbara-based groups and not-for-profit organisations, including the Clontarf Foundation’s Karratha Academy.
Economic Benefits
During the construction phase, Sino Iron has contributed billions of dollars to the Australian economy. At the height of construction activities, 4,000 people worked on the project.
Today, we directly employ approximately 1,500 people and a similar number of contractors. More than 95% of our direct workforce are Australian residents. Sino Iron will generate billions of dollars in export income and royalty to the local economy over the next 25+ years.
The project’s significant investment in downstream processing and supporting infrastructure will ensure additional employment opportunities for decades to come.
Today, we directly employ approximately 1,500 people and a similar number of contractors. More than 95% of our direct workforce are Australian residents. Sino Iron will generate billions of dollars in export income and royalty to the local economy over the next 25+ years.
The project’s significant investment in downstream processing and supporting infrastructure will ensure additional employment opportunities for decades to come.