WA IHI NORTH PROJ ECT ECONOMI C IMPACTS For New Zealand consenting purposes only. Forward looking information must not be relied on for investment purposes. 8 3.1. Economic contribution with WNP When we examine the economic impact of WNP, we take both national and local perspectives – as economic benefits are felt differently at different levels of geographic aggregation. For example, GDP is a more meaningful measure at the national level than at a local level. Table 2 summarises the additional economic contribution from WNP. We have supplied a range of statistics to assess national and Hauraki District effects. For national effects, we report export revenue, wages, royalties, and GDP contribution from WNP. We also supply estimates of operating expenditure, capital expenditure, and jobs supported directly and indirectly by the mine. For Hauraki District effects, we also report estimates of purchases from businesses in the district from operating and capital expenditure, and jobs that will be supported in the district, directly and indirectly. WNP will be transformational. It will more than double the annual economic contribution of the mine and add 6 years to the mine life. $626m of additional capital investment WNP is a substantial project, which would require an injection of new capital, technology and new methods of mining. It would provide a boost to local economic growth and employment. The project will entail significant and sustained investment in making the mine operational, followed by a prolonged period of operations. We estimate capital expenditure of $626m, with the bulk of spending ($549m) spread over 2024-2030 – a long sustained spend rather than a sugar-hit (Figure 1). This would create economic stimulus for the region. Figure 1: Additional $626m of capital investment spread over a long period - 20 40 60 80 100 120 140 160 2021 2026 2031 2036 $m Capital Investment Baseline Waihi North
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