South Australian Resource Update Dr T ed Tyne, Executive Director - - PowerPoint PPT Presentation

South Australian Resource Update

Upper Spencer Gulf Resource Conference & Trade Expo 17 August, Port Pirie, South Australia

Dr T ed Tyne, Executive Director Mineral Resources

Unlocking the potential

• f resources, energy

and renewables

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Department of State Development

Nyrstar Nears Completion

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Department of State Development

Nyrstar Nears Completion

Budget initiatives and support for Whyalla

 State Budget 2016-17 ~ $70 million to support steelmaking, businesses and the community in Whyalla:  $50 million State Government Grant Facility  $9 million Whyalla Small Business Loan Scheme  $8.5 million Mental Health Funding  $0.3 million Foodbank Whyalla  $9.6 million to help refurbish Pt Bonython Jetty

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Department of State Development

Port Augusta

• Over 290 workers from Alinta Flinders Operations

accessed Alinta Worker Training Support Package – almost 50% have found new employment.

• The USG Economic Transition Forum working with

Upper Spencer Gulf Common Purpose Group, local councils and RDA to progress economic transformation

• Emerging opportunities in
• renewable energy
• defence
• clean technology
• $7 million through Regional Development Fund and

Upper Spencer Gulf and Outback Futures Program

• arid agriculture
• tourism
• education

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Department of State Development

Far North

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Department of State Development

RDA Training Initiatives

Partnerships deliver relevant skills in region

• Workplace relevant skills
• Securing high rates of employment for

graduates

• Tafe SA, Regional Development Australia Far

North and DSD Skills for Jobs in Regions

Pika Wiya Learning Centre – Port Augusta

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Department of State Development

Government Initiatives

INITIATIVES

• PACE Copper
• PACE Discovery Drilling 2016
• Copper Strategy
• Magnetite Strategy
• Steel Taskforce
• Drillcore Reference Library
• Road Map for Unconventional Gas
• Investment Attraction Agency
• Strategic global and local agreements

with the right governments, companies and R&D partners

• Regulatory Framework – certainty for

long term future

• PACE Supply Chain Development

Program

• Mining Services Centre of Excellence

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Department of State Development

South Australia’s Copper Strategy

Vision By 2030, South Australia will be the major contributor to Australia’s position as the world’s third-largest copper producer. Objective More than triple South Australian copper production to 1 million tonnes per annum (mtpa) by 2030. Actions

• Accelerate exploration, discovery and information
• Develop innovative infrastructure, services and research
• Build industry and community capacity

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Department of State Development

Benefits for South Australia

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Department of State Development

South Australia’s Copper Resources

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Department of State Development

Achieving Copper Production

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Department of State Development

Action 1 $20M PACE Copper

A program of innovative projects

• Coompana Geophysical

Radiometric/Magnetic Survey in the far west of the State

• Coompana Passive

Seismic/Magnetotellurics (MT) Survey

• Eucla Basin Basement Deep Crustal

Seismic Survey

• Gawler Craton Geophysical Survey
• Coompana Geophysical Gravity Survey
• PACE Discovery Drilling 2016
• Coompana Drilling

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Department of State Development

Developing innovative infrastructure, services and research

• Innovative infrastructure – water, transport
• Commercial research – International copper

technology and research hub concept

• Services capability – SA as hub for

copper METS

Action 2

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Department of State Development

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Department of State Development

Action 3

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Department of State Development

Building industry and community capacity

• Sharing insights – community partnership programs
• Building regional business and community relationships
• Copper promotion campaign
• Industry workshop July 2016

Government Insights and Tips for Mineral Development

Developing our local supply chains

• Mining Industry Participation Office
• Industry Capability Network (ICN)

 Mining & Petroleum Services Centre of Excellence

• Commercialising Technology

 PACE Supply Chain Development Program

• Supporting Export Development

 Advanced Modular Solutions (AMS Alliance)

• South Australia recognised as a global Centre of Excellence

for Modular Solutions

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Department of State Development

Industry Capability Network (ICN)

Connecting suppliers with opportunities

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Department of State Development

Government Initiatives

INITIATIVES

• PACE Copper
• PACE Discovery Drilling 2016
• Copper Strategy
• Magnetite Strategy
• Steel Taskforce
• Drillcore Reference Library
• Road Map for Unconventional Gas
• Investment Attraction Agency
• Strategic global and local agreements

with the right governments, companies and R&D partners

• Regulatory Framework – certainty for

long term future

• PACE Supply Chain Development

Program

• Mining Services Centre of Excellence

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Department of State Development

Mineral & Energy Exports

Record copper exports

Mineral and energy resources $3.95 billion ~ one third of State exports. Record refined copper exports FY2016 Mineral and energy resources remain a pillar of the State’s economy with significant resources to support continued development well into the future.

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Ag and Food Wine Minerals Petroleum Machinery Road Vehicles Other

Ag and Food $3.6 billion Wine $1.3 billion Other $2.2 billion Minerals & Petroleum $3.7 billion

Major Resources Developments

 Copper – Prominent Hill, Carrapateena, Olympic Dam, Hillside  Gold – Portia, Tarcoola and White Dam  Iron ore – Eyre Peninsula and Braemar province  Uranium – Four Mile, Olympic Dam, Honeymoon  Oil and gas – BP offshore

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Department of State Development

Major miners committed

BHP Billiton - Olympic Dam and commitment to exploration in 2016 ‘The scale of the Olympic Dam orebody means that it is a generational resource for South Australia.’ Jacqui McGill

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Department of State Development

Major miners committed

OZ Minerals – Carrapateena, Prominent Hill, Mt Woods & Coompana ‘The time to build is now. Andrew Cole has urged more companies to focus on fundamentals over sentiment and invest now before the cycle turns (up).’

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Department of State Development

Gold

Record production & pipeline of projects South Australian companies leverage off high gold prices. Attracting explorers, progessing and developing projects, opening new mines and record production at Olympic Dam

JULY 25 2016

BHP Billiton gold output hits 14-year high as price surges

South Australia's Olympic Dam has helped BHP to its highest gold haul in 14 years. Photo: Aaron Bunch

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Department of State Development

Iron ore and graphite

Development continues

‘Iron Road is committed to maintaining development momentum through the iron ore price cycle.’ Andrew Stocks Kookaburra Gully is in the world’s top 10 graphite deposits, based on grade Siviour is the largest reported graphite Mineral Resource in Australia

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Department of State Development

Oil and Gas

Offshore Bight Basin

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Department of State Development

Positive outlook despite globally challenging economics

• South Australia hosts significant resources
• f copper, uranium, gold, mineral sands,

iron ore and graphite as well as other industrial minerals, construction materials and oil & gas

• The Mineral and Energy Resources sector

remains an essential pillar to the State’s economy

• Steady growth since 2000 (with cyclical

effects)

• South Australia has the resources to

support continued development well into the future

• Government Initiatives underway are

counter-cyclic measures to encourage investment and maintain momentum