South Australian Resource Update Dr T ed Tyne, Executive Director Mineral Resources Upper Spencer Gulf Resource Conference & Trade Expo 17 August, Port Pirie, South Australia
Unlocking the potential of resources, energy and renewables
Nyrstar Nears Completion 3 Department of State Development
Nyrstar Nears Completion 4 Department of State Development
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
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 • • arid agriculture renewable energy • • tourism defence • • education clean technology • $7 million through Regional Development Fund and Upper Spencer Gulf and Outback Futures Program 7 Department of State Development
Far North 8 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 Pika Wiya Learning Centre – Port Augusta North and DSD Skills for Jobs in Regions 9 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 10 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 11 Department of State Development
Benefits for South Australia 12 Department of State Development
South Australia’s Copper Resources 14 Department of State Development
Achieving Copper Production 15 15 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 16 Department of State Development
Action 2 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 17 17 Department of State Development Department of State Development
Action 3 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 18 18 Department of State Development Department of State 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
Industry Capability Network (ICN) Connecting suppliers with opportunities 20 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 21 Department of State Development
Mineral & Energy Exports Record copper exports 14 12 Mineral and energy resources Other 10 $2.2 billion $3.95 billion ~ one third of State exports. 8 Minerals & Petroleum Record refined copper exports $3.7 billion 6 FY2016 Wine $1.3 billion 4 Mineral and energy resources Ag and Food 2 remain a pillar of the State’s $3.6 billion economy with significant 0 resources to support continued development well into the future. Ag and Food Wine Minerals Petroleum Machinery Road Vehicles Other 22 Department of State Development
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
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 26 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).’ 27 Department of State Development
Gold JULY 25 2016 BHP Billiton gold output hits 14-year high as price surges Record production & pipeline of projects South Australian companies leverage off high gold prices. South Australia's Olympic Dam has helped BHP Attracting explorers, to its highest gold haul in 14 years. Photo: Aaron Bunch progessing and developing projects, opening new mines and record production at Olympic Dam 28 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 29 Department of State Development
30 Department of State Development
Oil and Gas
Offshore Bight Basin
Positive outlook despite globally challenging economics • South Australia hosts significant resources of 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 33 Department of State Development
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