DOCSLIB.ORG

Iluka Resources Clean Coal Victoria CO2CRC Bendigo Mining Ltd

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Iluka Resources Clean Coal Victoria CO2CRC Bendigo Mining Ltd Iluka Resources OCTOBER Reaps the benefits of Western Victoria 2010 Clean Coal Victoria First technical resource assessment CO2CRC Greenhouse gas technologies Bendigo Mining Ltd Bendigo expands with merger Northgate Minerals Corporation Northgate keeps pouring Victorian gold 10 PAGE SUMMARY Resources Victoria Conference 2010 VICTORIA’S EARTH RESOURCES JOURNAL DEPARTMENT OF Regulars PRIMARY INDUSTRIES Minister’s Foreword News Updates RDV Drilling Update Peter Batchelor PAGE 3 TO 7 Round three drilling progress Minister for Energy and Resources • CO2CRC PAGE 8 PAGE 2 • Former Rio Tinto Tenement Updates Executive joins DPI What’s happening with mineral Executive in Focus • Victorian Geothermal sector applications and licences Rod Hanson heats up its community engagement PAGE 32 PAGE 13 • Victoria’s online exploration tools made easier Contacts • Dart Mining NL moves towards Your guide to Earth Resources. first Moly resource Information, contacts • Clean Coal Victoria Releases First and resources sector websites Technical Resource Assessment PAGE 33 • New legislative changes for Victoria’s mining and extractive industries CONTENTS Articles Resources Victoria Conference Minotaur Exploration Ltd Presenters Forum Summary Minotaur on the hunt for new minerals in Victoria ExxonMobil Craig Haymes page 9 Jabiru Metals Gary Comb Iluka Resources Iluka Resources Steve Wickham Above: Process plant at Kangaroo Flat. Iluka Resources to reap the benefits Bass Strait Oil Company Andrew Adams of Western Victoria Greenearth Energy Mark Miller For Discovery online visit: page 10 - 11 Heron Resources Mathew Longworth www.dpi.vic.gov.au/minpet/discovery Bendigo Mining Ltd 3D-GEO Jessie Davey or to receive your free copy send your details to: Bendigo expands with Bendigo Mining Rod Hanson BCD Resources merger Megan Temple pageS 22 - 27 Earth Resources Division page 12 Department of Primary Industries Next Generation Tools For Explorers: Phone: 03 9658 4402 Northgate Minerals Corporation Technical Forum Summary Email: [email protected] Northgate keeps Understanding the plumbing pouring Victorian gold Building Australia’s most comprehensive of the Gippsland Basin page 14 - 15 PUBLISHING DETAILS Peter Tingate onshore and offshore 3D geological model Discovery is published three times a year by Castlemaine Goldfields Ltd the Victorian Government Department of Primary Three-dimensional modelling Industries, Earth Resources Division, Melbourne, Exploration success at Ballarat after in the Melbourne Zone October 2010. Castlemaine acquisition GeoScience Victoria has started delivering outputs These products, along with those soon to be ISSN Number 13282409 page 16 - 17 Mark A. McLean from its Rediscover Victoria 3D modelling initiative. released for the Gippsland Basin and eastern For more information contact: 3D Oil Ltd New Victorian Heat Flow Map Department of Primary Industries 3D products are now available for download which Victoria, will provide explorers with new free Level 16, 1 Spring Street, Melbourne 3000. 3D Oil Ltd aims at David Taylor include: pre-competitive datasets that can be used www.dpi.vic.gov.au Bass Strait production New solution to the DISCLAIMER page 18 - 19 Ordovician-Silurian geometry puzzle predictively to reduce risk, time and cost of – 3D models of the Bendigo, Stawell, Grampians- This publication may be of assistance to you, but Ross A. Cayley discovery. the State of Victoria and its officers do not guarantee Beach Energy / Lakes Oil Stavely and Melbourne structural zones that the publication is without flaw of any kind or is Beach Energy farms into Seamless geological data wholly appropriate for your particular purposes and Lakes Oil onshore project for Melbourne Zone – 3D models and accompanying report on the therefore disclaims all liability for any error, loss or For more information: other consequence which may arise from you relying page 20 David Higgins hot sedimentary aquifers of the Otway Basin on any information in this publication. Providence Gold and Minerals New exploration tools Contact Dr Tim Rawling, This publication is copyright. No part may be – New 3D geophysical datasets and reports reproduced by any process without the written New Gold discovery under cover and new insights for Victoria Phone: +61 3 9658 4584 permission of the Department of Primary Industries. north of Bendigo Timothy J Rawling including isostatic gravity and potential field Email: [email protected] page 21 pageS 28 - 31 gradients ACKNOWLEDGMENTS Visit www.3dvictoria.dpi.vic.gov.au The Earth Resources Development Division acknowledges contributions made by private – Depth to basement surfaces for the whole state enterprise. Acceptance of these contributors, however, does not endorse or imply endorsement by – Numerical simulation results associated with gold the Department of Primary Industries of any product or service offered by the contributors. deposition and strain partitioning associated with mineralising events DEPARTMENT OF PRIMARY INDUSTRIES Next Generation Tools For Explorers: Building Australia’s most comprehensive onshore and offshore 3D geological model GeoScience Victoria has started delivering outputs These products, along with those soon to be from its Rediscover Victoria 3D modelling initiative. released for the Gippsland Basin and eastern 3D products are now available for download which Victoria, will provide explorers with new free include: pre-competitive datasets that can be used predictively to reduce risk, time and cost of – 3D models of the Bendigo, Stawell, Grampians- discovery. Stavely and Melbourne structural zones – 3D models and accompanying report on the For more information: hot sedimentary aquifers of the Otway Basin Contact Dr Tim Rawling, – New 3D geophysical datasets and reports Phone: +61 3 9658 4584 including isostatic gravity and potential field Email: [email protected] gradients Visit www.3dvictoria.dpi.vic.gov.au – Depth to basement surfaces for the whole state – Numerical simulation results associated with gold deposition and strain partitioning associated with mineralising events Victoria’s mining sector is open for business with the world’s most modern mining laws and a wealth of geological data making the state an attractive destination for explorers and developers. The Victorian Government Statewide Geological Model Grows has put in place legislative Work is gathering pace in the drive to build up a state-of-the-art reforms designed to drive 3D geological model of Victoria, with the release of the Melbourne investment in the next Zone model the latest piece in the puzzle. This is the fourth generation of mines across section in the whole-of-Victoria model being created under the the State. Government’s $2.5 million Rediscover Victoria 3D initiative. The It is also supporting the Melbourne Zone covers 37,600 square kilometres, from Heathcote industry with innovative initiatives in the west to Mansfield in the east and from Wilsons Promontory in like a sophisticated geological the south to Shepparton in the north. Rediscover Victoria is giving model of Victoria that gives explorers free access to a sophisticated and powerful tool that will miners a head start in the hunt help them make the discoveries that will underpin the Victorian for the next big discovery. mining industry’s future. Revamped Mining Laws To Coal Study Drives Strategic Planning Boost Investment MINISTER’S FOREWORD The first technical assessment from Clean Coal Victoria has Amendments to the Mineral yielded important data about Victoria’s brown coal resources and Resources (Sustainable this is already informing decisions about how best to develop this Development) Act, which have now passed into law, are designed key strategic asset. Drilling around the Yallourn Mine confirmed to ensure Victoria has an effective and modern regulatory a significant coal resource to the east of the mine but very little framework for the sector. They strike the right balance by providing economically viable coal at Newborough on the western side. As security of tenure for committed developers while at the same time a result, the Government has moved the buffer zone between the encouraging exploration for new resources. mine and the township of Newborough, opening up more land The centrepiece of the reforms is the introduction of a new for potential residential development. Clean Coal Victoria is now retention licence to be granted when a mineral resource is processing the results from its next round of drilling at Longford, identified but its commercial viability is still being assessed. The building up a detailed picture of the State’s giant brown coal licence will deliver greater security of tenure for miners who have resource that will underpin strategic planning for future mining. a genuine intention to develop mineral resources. Relinquishment requirements will not apply to these new retention licenses, which can be held for up to three ten year periods in some circumstances. Conclusion Other measures in the amendments include the creation of This edition of Discovery tells the stories of the innovative a prospecting licence tailored to small miners, streamlining projects that are writing the next chapter in the history of our state’s of approvals processes and more consistent and accurate vibrant earth resources industry. I look forward to working with the measurement for the levying of coal royalties. mining and petroleum industries to grow the sector and create new jobs in Victoria. Future Energy Plans Feature
Load more

Recommended publications
  • Powerline Relocation
    DEPARTMENT OF PRIMARY INDUSTRIES POWERLINE RELOCATION AN ASSIStance SCHEME FOR LOCAL AREAS SKIES ARE CLEARING OVER VICTORIA Before and After/ Evan Street, Sunbury Before and After/ Victoria Street, Eaglehawk Before and After/ Hamilton Street, Horsham Before and After/ Barnard Street, Bendigo Before and After/ Myers Street, Bendigo Before and After/ Hargreaves Street, Bendigo Before and After/ St Vincent Place, South Melbourne MINISTERIAL FOREWARD INSIDE The Powerline Relocation Scheme is a The scheme is flexible and I encourage Welcome 03 great success story – in 2008 the scheme councils considering relocating powerlines Funding celebrated the completion of 250 projects to contact the committee to discuss the Guiding Principles for Assessment across regional and metropolitan Victoria scope of potential projects. of Eligible Projects 04 to relocate powerlines underground. I congratulate those councils who have This signals the Brumby Government’s Why relocate powerlines in shown leadership and foresight by long term commitment to working in your community? 05 including the relocation of powerlines partnership with local councils to create into their public works program and look Case Story one: Skies clearing more liveable communities. forward to continuing to work with local over Geelong 07 Since the scheme’s inception in 1995, over government on this important initiative. Case Story two: Skies clearing $30 million has been contributed towards over Bendigo 11 the relocation of powerlines underground, Best Practice 14 of which nearly 80 per cent were regional projects. Approximately 75 per cent of all Funds and cost sharing 14 local councils have accessed the program How to apply for funding 15 at some point in time.
    [Show full text]
  • Socially Conscious Australian Equity Holdings
    Socially Conscious Australian Equity Holdings As at 30 June 2021 Country of Company domicile Weight COMMONWEALTH BANK OF AUSTRALIA AUSTRALIA 10.56% CSL LTD AUSTRALIA 8.46% AUST AND NZ BANKING GROUP AUSTRALIA 5.68% NATIONAL AUSTRALIA BANK LTD AUSTRALIA 5.32% WESTPAC BANKING CORP AUSTRALIA 5.08% TELSTRA CORP LTD AUSTRALIA 3.31% WOOLWORTHS GROUP LTD AUSTRALIA 2.93% FORTESCUE METALS GROUP LTD AUSTRALIA 2.80% TRANSURBAN GROUP AUSTRALIA 2.55% GOODMAN GROUP AUSTRALIA 2.34% WESFARMERS LTD AUSTRALIA 2.29% BRAMBLES LTD AUSTRALIA 1.85% COLES GROUP LTD AUSTRALIA 1.80% SUNCORP GROUP LTD AUSTRALIA 1.62% MACQUARIE GROUP LTD AUSTRALIA 1.54% JAMES HARDIE INDUSTRIES IRELAND 1.51% NEWCREST MINING LTD AUSTRALIA 1.45% SONIC HEALTHCARE LTD AUSTRALIA 1.44% MIRVAC GROUP AUSTRALIA 1.43% MAGELLAN FINANCIAL GROUP LTD AUSTRALIA 1.13% STOCKLAND AUSTRALIA 1.11% DEXUS AUSTRALIA 1.11% COMPUTERSHARE LTD AUSTRALIA 1.09% AMCOR PLC AUSTRALIA 1.02% ILUKA RESOURCES LTD AUSTRALIA 1.01% XERO LTD NEW ZEALAND 0.97% WISETECH GLOBAL LTD AUSTRALIA 0.92% SEEK LTD AUSTRALIA 0.88% SYDNEY AIRPORT AUSTRALIA 0.83% NINE ENTERTAINMENT CO HOLDINGS LIMITED AUSTRALIA 0.82% EAGERS AUTOMOTIVE LTD AUSTRALIA 0.82% RELIANCE WORLDWIDE CORP LTD UNITED STATES 0.80% SANDFIRE RESOURCES LTD AUSTRALIA 0.79% AFTERPAY LTD AUSTRALIA 0.79% CHARTER HALL GROUP AUSTRALIA 0.79% SCENTRE GROUP AUSTRALIA 0.79% ORORA LTD AUSTRALIA 0.75% ANSELL LTD AUSTRALIA 0.75% OZ MINERALS LTD AUSTRALIA 0.74% IGO LTD AUSTRALIA 0.71% GPT GROUP AUSTRALIA 0.69% Issued by Aware Super Pty Ltd (ABN 11 118 202 672, AFSL 293340) the trustee of Aware Super (ABN 53 226 460 365).
    [Show full text]
  • Mineral Facilities of Asia and the Pacific," 2007 (Open-File Report 2010-1254)
    Table1.—Attribute data for the map "Mineral Facilities of Asia and the Pacific," 2007 (Open-File Report 2010-1254). [The United States Geological Survey (USGS) surveys international mineral industries to generate statistics on the global production, distribution, and resources of industrial minerals. This directory highlights the economically significant mineral facilities of Asia and the Pacific. Distribution of these facilities is shown on the accompanying map. Each record represents one commodity and one facility type for a single location. Facility types include mines, oil and gas fields, and processing plants such as refineries, smelters, and mills. Facility identification numbers (“Position”) are ordered alphabetically by country, followed by commodity, and then by capacity (descending). The “Year” field establishes the year for which the data were reported in Minerals Yearbook, Volume III – Area Reports: Mineral Industries of Asia and the Pacific. In the “DMS Latitiude” and “DMS Longitude” fields, coordinates are provided in degree-minute-second (DMS) format; “DD Latitude” and “DD Longitude” provide coordinates in decimal degrees (DD). Data were converted from DMS to DD. Coordinates reflect the most precise data available. Where necessary, coordinates are estimated using the nearest city or other administrative district.“Status” indicates the most recent operating status of the facility. Closed facilities are excluded from this report. In the “Notes” field, combined annual capacity represents the total of more facilities, plus additional
    [Show full text]
  • Our Minerals and Mining Capabilities
    KAURNA ACKNOWLEDGEMENT We acknowledge and pay our respects to the Kaurna Just as the minerals sector is central to our nation’s identity people, the original custodians of the Adelaide Plains and prosperity, so it is to the University of Adelaide. and the land on which the University of Adelaide’s Through our world-class research and development campuses at North Terrace, Waite, and Roseworthy expertise, we’ve supported and strengthened Australian are built. We acknowledge the deep feelings of WELCOME attachment and relationship of the Kaurna people mining since 1889; and we will continue to act as a catalyst to country and we respect and value their past, for its success well into the future. present and ongoing connection to the land and As you’ll see in these pages, our relevant expertise and cultural beliefs. The University continues to develop experience—coordinated and focused through our Institute respectful and reciprocal relationships with all for Mineral and Energy Resources—encompasses every Indigenous peoples in Australia, and with other Indigenous peoples throughout the world. aspect of the minerals value chain. You will also see evidenced here the high value we place on industry collaboration. We believe strong, productive partnerships are essential, both to address the sector’s biggest challenges and maximise its greatest opportunities. An exciting tomorrow is there for the making—more efficient, more productive and environmentally sustainable. We would welcome the chance to shape it with you. Regards, Professor Peter Høj
    [Show full text]
  • Victoria Government Gazette No
    Victoria Government Gazette No. S 72 Saturday 11 March 2006 By Authority. Victorian Government Printer Local Government Act 1989 SCHEDULE 11 CLAUSE 4 Designation of Tow Away Areas Clause 4 of Schedule 11 to the Local Government Act 1989 provides that a Council may move or impound any vehicle that is causing an unlawful obstruction, or that is unlawfully parked or left standing in an area designated by the Minister, (referred to in this instrument as a “tow-away area”), and may charge the owner of the vehicle a fee up to the amount of the fee set for the purposes of clause 3(1)(c). For the purposes of that provision, I, Peter Batchelor, Minister for Transport, designate the areas contained in the reservation of the roads listed in the following schedule as tow away areas. This instrument takes effect at 12.01 am on Monday 13 March 2006 and expires at 11.59 pm on Sunday 2 April 2006. SCHEDULE A list of all the roads, streets and lanes included in this designation of tow away areas within the City of Yarra is detailed below: Swan Street, between Punt Road and Kipling Street. Dated 9 March 2006 PETER BATCHELOR Minister for Transport SPECIAL 2 S 72 11 March 2006 Victoria Government Gazette Local Government Act 1989 SCHEDULE 11 CLAUSE 4 Designation of Tow Away Areas Clause 4 of Schedule 11 to the Local Government Act 1989 provides that a Council may move or impound any vehicle that is causing an unlawful obstruction, or that is unlawfully parked or left standing in an area designated by the Minister, (referred to in this instrument as a “tow-away area”), and may charge the owner of the vehicle a fee up to the amount of the fee set for the purposes of clause 3(1)(c).
    [Show full text]
  • ESG Reporting by the ASX200
    Australian Council of Superannuation Investors ESG Reporting by the ASX200 August 2019 ABOUT ACSI Established in 2001, the Australian Council of Superannuation Investors (ACSI) provides a strong, collective voice on environmental, social and governance (ESG) issues on behalf of our members. Our members include 38 Australian and international We undertake a year-round program of research, asset owners and institutional investors. Collectively, they engagement, advocacy and voting advice. These activities manage over $2.2 trillion in assets and own on average 10 provide a solid basis for our members to exercise their per cent of every ASX200 company. ownership rights. Our members believe that ESG risks and opportunities have We also offer additional consulting services a material impact on investment outcomes. As fiduciary including: ESG and related policy development; analysis investors, they have a responsibility to act to enhance the of service providers, fund managers and ESG data; and long-term value of the savings entrusted to them. disclosure advice. Through ACSI, our members collaborate to achieve genuine, measurable and permanent improvements in the ESG practices and performance of the companies they invest in. 6 INTERNATIONAL MEMBERS 32 AUSTRALIAN MEMBERS MANAGING $2.2 TRILLION IN ASSETS 2 ESG REPORTING BY THE ASX200: AUGUST 2019 FOREWORD We are currently operating in a low-trust environment Yet, safety data is material to our members. In 2018, 22 – for organisations generally but especially businesses. people from 13 ASX200 companies died in their workplaces. Transparency and accountability are crucial to rebuilding A majority of these involved contractors, suggesting that this trust deficit. workplace health and safety standards are not uniformly applied.
    [Show full text]
  • Aussie Mine 2016 the Next Act
    Aussie Mine 2016 The next act www.pwc.com.au/aussiemine2016 Foreword Welcome to the 10th edition of Aussie Mine: The next act. We’ve chosen this theme because, despite gruelling market conditions and industry-wide poor performance in 2016, confidence is on the rise. We believe an exciting ‘next act’ is about to begin for our mid-tier miners. Aussie Mine provides industry and financial analysis on the Australian mid-tier mining sector as represented by the Mid-Tier 50 (“MT50”, the 50 largest mining companies listed on the Australian Securities Exchange with a market capitalisation of less than $5bn at 30 June 2016). 2 Aussie Mine 2016 Contents Plot summary 04 The three performances of the last 10 years 06 The cast: 2016 MT50 08 Gold steals the show 10 Movers and shakers 12 The next act 16 Deals analysis and outlook 18 Financial analysis 22 a. Income statement b. Cash flow statement c. Balance sheet Where are they now? 32 Key contributors & explanatory notes 36 Contacting PwC 39 Aussie Mine 2016 3 Plot summary The curtain comes up Movers and shakers The mining industry has been in decline over the last While the MT50 overall has shown a steadying level few years and this has continued with another weak of market performance in 2016, the actions and performance in 2016, with the MT50 recording an performances of 11 companies have stood out amongst aggregated net loss after tax of $1bn. the crowd. We put the spotlight on who these movers and shakers are, and how their main critic, their investors, have But as gold continues to develop a strong and dominant rewarded them.
    [Show full text]
  • Business Leadership: the Catalyst for Accelerating Change
    BUSINESS LEADERSHIP: THE CATALYST FOR ACCELERATING CHANGE Follow us on twitter @30pctAustralia OUR OBJECTIVE is to achieve 30% of ASX 200 seats held by women by end 2018. Gender balance on boards does achieve better outcomes. GREATER DIVERSITY ON BOARDS IS VITAL TO THE GOOD GOVERNANCE OF AUSTRALIAN BUSINESSES. FROM THE PERSPECTIVE OF PERFORMANCE AS WELL AS EQUITY THE CASE IS CLEAR. AUSTRALIA HAS MORE THAN ENOUGH CAPABLE WOMEN TO EXCEED THE 30% TARGET. IF YOUR BOARD IS NOT INVESTING IN THE CAPABILITY THAT DIVERSITY BRINGS, IT’S NOW A MARKED DEPARTURE FROM THE WHAT THE INVESTOR AND BROADER COMMUNITY EXPECT. Angus Armour FAICD, Managing Director & Chief Executive Officer, Australian Institute of Company Directors BY BRINGING TOGETHER INFLUENTIAL COMPANY CHAIRS, DIRECTORS, INVESTORS, HEAD HUNTERS AND CEOs, WE WANT TO DRIVE A BUSINESS-LED APPROACH TO INCREASING GENDER BALANCE THAT CHANGES THE WAY “COMPANIES APPROACH DIVERSITY ISSUES. Patricia Cross, Australian Chair 30% Club WHO WE ARE LEADERS LEADING BY EXAMPLE We are a group of chairs, directors and business leaders taking action to increase gender diversity on Australian boards. The Australian chapter launched in May 2015 with a goal of achieving 30% women on ASX 200 boards by the end of 2018. AUSTRALIAN 30% CLUB MEMBERS Andrew Forrest Fortescue Metals Douglas McTaggart Spark Group Ltd Infrastructure Trust Samuel Weiss Altium Ltd Kenneth MacKenzie BHP Billiton Ltd John Mulcahy Mirvac Ltd Stephen Johns Brambles Ltd Mark Johnson G8 Education Ltd John Shine CSL Ltd Paul Brasher Incitec Pivot
    [Show full text]
  • VTS Reference Service Proposal
    December 2020 Victorian Transmission System reference service proposal Victorian Transmission System reference service proposal Contents 1 Introduction 2 1.1 The Victorian Transmission System and the Declared Wholesale Gas Market 2 1.2 Reference Service Proposal 3 2 Covered pipeline, service provider and requirement for reference service proposal 5 2.1 Pipeline and service provider 5 3 The Victorian Transmission System 6 3.1 Pipeline description 6 3.2 Website 7 4 Services that can reasonably be provided using the Victorian Transmission System 8 5 Reference service proposal assessment 10 6 Engagement with pipeline users and gas consumers 11 6.1 Feedback from stakeholders 12 A Rule requirements for reference service proposal 13 i Victorian Transmission System reference service proposal 1 Introduction This document sets out the reference service proposal for the Victorian Transmission System (VTS), approval of which is to precede submission of a full access arrangement proposal for the pipeline on 1 December 2021. The proposal has been prepared by the service provider, APA VTS (Operations) Pty Ltd (APA VTS), and submitted to the Australian Energy Regulator (AER) for approval, in accordance with rule 47A of the National Gas Rules (NGR). 1.1 The Victorian Transmission System and the Declared Wholesale Gas Market On 26 June 2009, Peter Batchelor, then Victorian Minister for Energy and Resources declared (in summary):1 pursuant to section 39(b) of the National Gas (Victoria) Act 2008, the Victorian Transmission System to be a declared transmission system; and pursuant to section 43 of the National Gas (Victoria) Act 2008, the wholesale gas market operated in Victoria by AEMO, to be a declared wholesale gas market.
    [Show full text]
  • The Mineral Industry of Australia in 2008
    2008 Minerals Yearbook AUSTRALIA U.S. Department of the Interior August 2010 U.S. Geological Survey THE MINERAL INDUS T RY OF AUS T RALIA By Pui-Kwan Tse Australia was one of the world’s leading mineral producing and the Brockman iron project in the Pilbara region of Western countries and ranked among the top 10 countries in the world Australia (Australian Bureau of Agricultural and Resource in the production of bauxite, coal, cobalt, copper, gem and Economics, 2009a). near-gem diamond, gold, iron ore, lithium, manganese ore, tantalum, and uranium. Since mid-2008, the global financial Minerals in the National Economy crisis had sharply weakened world economic activities, and the slowdown had been particularly pronounced in the developed Australia’s mining sector contributed more than $105 billion countries in the West. Emerging Asian economies were also to the country’s gross domestic product (GDP), or 7.7% of the adversely affected by the sharply weaker demand for exports GDP during fiscal year 2007-08. In 2008, the mining sector and tighter credit conditions. After a period of strong expansion, employed 173,900 people who worked directly in mining and an Australia’s economic growth decreased by 0.5% in the final additional 200,000 who were involved in supporting the mining quarter of 2008. Overall, Australia’s economy grew at a rate activities. Expectations of sustained levels of global demand for of 2.4% during 2008. During the past several years, owing to minerals led to increased production of minerals and metals in anticipated higher prices of mineral commodities in the world Australia, and the mineral industry was expected to continue markets, Australia’s mineral commodity output capacities to be a major contributor to the Australian economy in the next expanded rapidly.
    [Show full text]
  • A Modern Mining Company a Modern Mining Company
    ANNUAL REPORT 2013 OZ MINERALS LIMITED ABN 40 005 482 824 A MODERN MINING COMPANY A MODERN MINING COMPANY 2 2013 Snapshot 3 Chairman and CEO’s Review 4 Prominent Hill 6 Carrapateena 7 Sustainability 8 Resources and Reserves 12 Corporate Governance Statement 19 Results for Announcement to the Market 20 Directors’ Report 28 Operating and Financial Review 47 Remuneration Overview and Report 68 Consolidated Financial Statements 123 Shareholder Information IBC Contact Details/Annual General Meeting OZ Minerals is an Australian based modern mining company with a focus on copper. OZ Minerals owns the Prominent Hill copper-gold mine and Carrapateena copper-gold project, both situated in South Australia. OZ Minerals’ strategy is based on delivering superior shareholder returns built upon a foundation of Governance and Zero Harm, with the following five key elements: a focus on copper, maximising current assets, building a project pipeline, investing in exploration and exercising disciplined capital management. With an experienced team, a strong balance sheet and quality assets, OZ Minerals is well positioned for the future. 1 2013 SNAPSHOT › Prominent Hill production of 73,362 tonnes of copper and 128,045 ounces of gold. › 2014 production guidance of 75,000 to 80,000 tonnes of copper and 130,000 to 140,000 ounces of gold. Production outlook guidance announced until 2018. › Successful first full year of production from the Ankata Underground mine, with 1.2 million tonnes of ore mined. › Strong cash balance of $364 million at 31 December 2013 with undrawn debt facilities of US$200 million. › Board approval to proceed with the development of the Malu Underground mine, with first ore expected in late 2014, extending Prominent Hill mine life.
    [Show full text]
  • 2013 Annual Report
    SURFACEBELOW THE Some statements in this report are forward-looking statements within the meaning of the US Private Securities Litigation Reform Act of 1995. Forward-looking statements also include those containing such words as ‘anticipate’, ‘estimates’, ‘should’, ‘will’, ‘expects’, ‘plans’ or similar expressions. Forward-looking statements involve risks and uncertainties that may cause actual outcomes to be different from the forward-looking statements. Important factors that could cause actual results to differ from the forward looking statements include: (a) material adverse changes in global economic, alumina or aluminium industry conditions and the markets served by AWAC; (b) changes in production and development costs and production levels or to sales agreements; (c) changes in laws or regulations or policies; (d) changes in alumina and aluminium prices and currency exchange rates; and (e) the other risk factors summarised in Alumina’s Form 20-F for the year ended 31 December 2012. Unless otherwise indicated, the values in this report are presented in US dollars. CONTENTS 1 2 AT A GLANCE 4 CHAIRMAN AND CHIEF EXECUTIVE OFFICER’S REPORT 8 SUSTAINABILITY AND THE AWAC BUSINESS 10 CORPORATE GOVERNANCE STATEMENT 23 DIRECTORS’ REPORT 28 OPERATING AND FINANCIAL REVIEW 37 REMUNERATION REPORT 71 FINANCIAL REPORT 112 SHAREHOLDER INFORMATION 113 FINANCIAL HISTORY Challenging market conditions continued in 2013, stemming from a well-supplied alumina market, a sustained low international alumina pricing environment and an unfavourable foreign exchange position. Against this backdrop, Alumina Limited improved its results by recording a net profit of US$0.5 million, an increase of US$56.1 million from the previous year.
    [Show full text]