Metalliferous Mining
Remuneration Surveys - Gold & General (Metalliferous) Mining - Australia
The Australasian Gold & General Mining Industry Remuneration Report has been published biannually since July 1988. The last Australasian Gold & General Mining Industry Remuneration Report was published in April 2010 - 133 companies (an increase of 14 per cent over April 2009) managing 162 mining operations participated. It covers 169 positions from Chairman of the Board, through corporate & site management to operators & support personnel.
The report included a special feature analysing salary review budgets & actual remuneration increases for all survey roles over the past 6 and the past 12 months.
The purpose of the Report is to provide the Directors, Remuneration Committees and Executive Management of participating organisations with factual data and reliable analyses of the remuneration of key personnel. The report focuses on metalliferous and other mining including Gold, Base Metals, PG metals, Cobalt / Nickel, Uranium & Salt mining operations. It analyses the impact of factors such as operation size, gross revenue, operating budgets, working hours and shift patterns on remuneration and identifies emerging remuneration trends in the mining and resources industry.
The survey is the largest and most comprehensive in the Australian mining industry.
Scope of the Survey
Set out below is a summary of the scope of the Australasian Gold & General Mining Industry Remuneration Report:
- it covers Executive and Corporate as well as operations staff and traditional “award” positions;
- it covers the gold and metalliferous mining industry;
- it reports on Base Salary, Total Fixed Remuneration (including the value of benefits such as motor vehicles & superannuation) and Total Variable Remuneration (showing the impact of incentives);
- for executive roles, it investigates the value of share option & other long term incentives;
- it measures market movements during the past 6 and 12 months for matched samples of companies for each position; and,
- it provides a detailed analysis of practices in respect of incentives and benefits.
Sample Organisation Chart
Participating Organisations
The following 133 organisations participated in the April 2010 Survey:
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