Mining in South Australia the AUSTLIAN MINING REVIEW

Total Page:16

File Type:pdf, Size:1020Kb

Mining in South Australia the AUSTLIAN MINING REVIEW OCTOBER 2016 20 MINING IN SOUTH AUSTRALIA THE AUSTLIAN MINING REVIEW BHP Billiton’s world-class Olympic Dam project. Image: BHP Billiton. A bright future Home to 68 per cent of the nation’s copper and 25 per cent of the world’s known uranium, South Australia’s resources industry is an irrefutable force. Additional State Government support, which aims to kick-start investment and sector growth, reflects its importance. ELIZABETH FABRI SOUTH Australia, affectionately known as the ‘Copper Kingdom’, has been a key contributor to Australia’s mining industry as far back as the 1800s, and today boasts the world’s largest uranium deposit and the country’s largest underground mine, Olympic Dam. In 2014/15 the State’s minerals and petroleum sector had a gross value of product at $5.958 billion and regionally the industry contributed a gross regional product of $6.377bn. While established operations are peppered across the State, the region maintains more than 700 exploration licenses and more than 20 advanced projects in exploration, feasibility and resource definition phases, signifying great promise for the future. In addition to copper and uranium, commodities such as iron ore, gold, graphite, zinc and zircon are generating interest. However, the fate of the sector is resting on a rapid solution to the high energy prices experienced across the State in recent years. The Whyalla steelworks operation is a recipient of State budget funding. Image: Arrium. Photography Sean Kelly. “At this point in time electricity is the number one, two and three thing that needs dollars to be put into South Australia.” a globally competitive resources sector, the community of Whyalla. to be dealt with for the resources sector to Despite inflated energy pricing, support and was welcomed by the industry with “It is important to remember the value thrive,” South Australian Chamber of Mines from the State government has brought open arms. of our resources sector and what it does and Energy (SACOME) chief executive Jason renewed confidence in the sector with a Key areas of focus include the State’s for not only our cities, but the regional Kuchel said. number of initiatives introduced in the last Plan for Accelerating Exploration hubs of our state,” Mr Kuchel said. “Typically contract pricing is … double 12 months set to promote growth. (PACE) Copper initiative; along with “Regional towns near mining what it is in the other eastern states at this the PACE Supply Chain Development operations rely on those projects to point in time. Budget highlights Program; a Mining and Petroleum stimulate life into their economies.” “Until we can actually lower these it Services Centre of Excellence; magnetite The Whyalla spend was promised in makes it very difficult for a number of The State budget, released on 7 July, strategy; and almost $70 million to June ahead of the budget, and involved projects to get up or additional investment committed substantial funds to building support steelmaking, businesses, and $50m over two years to support the OCTOBER 2016 THE AUSTLIAN MINING REVIEW MINING IN SOUTH AUSTRALIA 21 new owner of the Whyalla steelworks world’s third-largest copper producer. operations, following Arrium’s voluntary “By trebling our copper production, we administration in April. have the potential to create up to 10,000 “These steps are critical for the extra jobs, increasing the workforce regional economy and employment in the involved in the sector to 15,000 people,” town,” Mr Kuchel said. Premier Jay Weatherill said. “Thousands of people will, and already “This would equate to South Australia are, affected by this, so it is good to see producing and exporting more than $8 the State government being proactive.” billion of copper per year, with the red Treasurer and Minister for Mineral metal remaining the State’s number one Resources and Energy Tom Koutsantonis said export commodity.” the steelmaking industry in Whyalla was not The strategy will accelerate further only integral to the community but the nation exploration, discovery and information; as a whole, and formed the building blocks for develop innovative infrastructure, services major infrastructure projects. and a research hub; and build on industry “This funding facility is not a handout and community capacity. – the social and welfare costs of losing In addition, in August the State such a significant employer in a regional announced $3.5m in grants had been centre would be far more expensive – awarded to 26 mineral exploration projects South Australia and the nation as a whole through the PACE Discovery Drilling simply can’t afford to let that happen,” Mr program. Koutsantonis said. Under the program, explorers could “We are pleased that so many local supply access grants of up to $250,000 – up from chain businesses have taken up the offer of $100,000 offered in previous rounds, across the State government’s interest-free loan a wide range of commodities. scheme, because we need these businesses to be there to supply Arrium when it comes out Magnetite strategy of administration.” SACOME has also received a $400,000 The new magnetite strategy, released in boost over two years for the employment May, set an export goal of 50mt of iron of an industry connections manager, a ore by 2030, and aimed to secure $10bn safety summit for 2016/17, sponsorship for worth of committed investment in iron ore the South Australian Mines Emergency projects. Response Competition, and the chamber’s Currently the State produced about annual innovation summit. 1.6mt of magnetite a year from the Middleback Ranges; new discoveries in the Eyre Peninsula and Braemar Province “At THIS POINT IN TIME could substantially increase this. ELECTRICITY IS THE “South Australia is blessed with vast magnetite deposits and the aim NUMBER ONE, twO AND of this strategy is to leverage that THREE THING THAT NEEDS OZ Minerals’ Prominent Hill mine. Image: Oz Minerals. natural endowment and transform it into investment, jobs and exports,” Mr TO BE DEALT WITH FOR THE Koutsantonis said. RESOURCES SECTOR TO interpretation. State government responding to industry “If we can capitalise on these deposits Commenting at the time of the needs. and increase the amount of iron ore THRIVE.” announcement, Treasurer Mr Koutsantonis “The government recognises that just we export there will also be significant said the new geoscientific initiative would one single mine can be a game changer for opportunities for growth and jobs in the help the exploration industry recover. the State’s economy,” Mr Kuchel said. supply chain around this industry. “South Australia is already home to “This initiative is aimed at assisting “We can’t drag our feet – South Australia Copper support the vast majority of the nation’s known the junior exploration sector, which is the needs to plan now so we can capitalise copper resources but we instinctively know powerhouse of finding new discoveries, to quickly when the inevitable upswing in the On 30 November 2015, the South there is much more to be found deep under focus their very limited resources on even commodities cycle happens.” Australian government announced its cover,” Mr Koutsantonis said. better targets that will be defined by this The strategy looked at ways to bring $20m PACE Copper plan for the next two “We need to support our explorers to additional data.” forward new projects and maximise years, which was described as the ‘rebirth’ continue to go out there and find it. On 23 February 2016, the Premier then economic benefits of the resource. of exploration in the Gawler Craton region. “PACE Copper will do exactly that by introduced a broader plan for the State’s “The magnetite strategy is obviously The plan will deliver the world’s providing explorers with the analytical copper industry with the launch of a only in its early stages and we certainly see largest high-resolution airborne tools needed to better target the next dedicated Copper Strategy. it as very positive particularly in relation geophysical and terrain imaging program; elusive major discovery that then leads to The strategy aimed to triple copper to the potential for a magnetite marketing industry-government collaborative drilling a pipeline of projects.” production in the next 15 years to 1 million strategy for the state, which highlights the on new targets; and world-class data and Mr Kuchel said it was great to see the tonnes a year, and position Australia as the benefits of South Australian magnetite in Prominent Hill produces more than 100,000 tpa. Image: Oz Minerals The Whyalla steelworks site. Image: Arrium. Photography Sean Kelly. OCTOBER 2016 22 MINING IN SOUTH AUSTRALIA THE AUSTLIAN MINING REVIEW Hands-on training with TAFE SA OPCE provides a low hazard, interactive training environment utilising operational upstream field Image: Arrium. Photography Sean Kelly. plant and equipment. reducing emissions and other costs for lower Eyre Peninsula was granted a steel mills in China, or anywhere else mining lease. THE Onshore Petroleum Centre of Excellence with TAFE SA’s collaborative approach with it might be sold to for that matter,” Mr “Graphite is a key ingredient required (OPCE) training facility is an industry industry to provide hands-on training that Kuchel said. for the production of lithium ion batteries initiative; the result of a partnership between leads to jobs. “There’s a large amount of very used in mobile phones, electric cars TAFE SA and the state’s largest oil and gas “Using the OPCE’s simulated training consistent good quality magnetite which and solar PV storage systems,” Mr producers to establish a specialist training environment, students get a real world can help the steel mills reduce their Koutsantonis said. facility to meet the industry’s requirements. experience of what it’s like in the field and energy and emissions, which helps them “Through projects such as Kookaburra The unique training facility at TAFE SA’s what is expected of them,” Ms Roberts said.
Recommended publications
  • The ISA Discussion Paper (DP) Identifies The
    The ISA Discussion Paper (DP) identifies the following four projects within the Eyre & Western Region as priorities ‐• 6‐Star $500m International Holiday Resort • Competitive Export Pathways for Primary Industries • Super School in Whyalla Education & Training Precinct • Energy Transmission and Generation on EP. This information is sourced (acknowledged) from the RDSA Infrastructure Priorities Report. The priorities require updating to reflect changes since the report was published and the report, within the context of this region and ISA’s objectives, requires a broader perspective. For instance RDAWEP has successfully supported and advocated for; the $100m Super School (due for completion in 2021) and has broadened the agenda to advocate for an integrated Education and Innovation Precinct (EIP) an $280m upgrade of the energy transmission network (Electranet due to commence construction in 2020) and is progressing various energy generation projects across the region – however the planned transmission upgrade will be at maximum capacity when completed and therefore requires greater capacity than is planned Competitive Export Pathways for Primary Industries which is a catch‐all for the ports of Thevenard, Port Lincoln, Lucky Bay, Whyalla, approved port at Cape Hardy together with bulk handling, storage and transport network efficiencies, including road & rail, for agriculture, mining and processing – this catch‐all represents many projects that drives efficiency, enhances global competitiveness and collectively exceeds $1bn, ranging from maintenance and enhancement of existing assets (i.e. dredging Thevenard) to building new Infrastructure (i.e. Cape Hardy Port and connection to national rail grid) Early high level master planning, identification of key stakeholders, location & land acquisition and potential partners for a multi experience International Resort.
    [Show full text]
  • Whyalla Investor Site Tour Presentation
    21 October 2008 WHYALLA INVESTOR SITE TOUR PRESENTATION Please find attached a presentation being delivered today by Geoff Plummer, OneSteel’s Managing Director and CEO, and Mr Mark Parry, Executive General Manager of OneSteel Whyalla in South Australia. - End - OneSteel Limited ABN 63 004 410 833 OneSteel Head Office: Level 40, 259 George St, Sydney NSW 2000, GPO Box 536, Sydney NSW 2001, Australia Phone: +612 9239 6666 Fax: +612 9251 3042 OneSteel - Whyalla Analyst Site Tour 21 October 2008 Page 1 Analyst Visit to OneSteel Whyalla 21 October 2008 Itinerary 8.00 am - 9.30 am Welcome and Company Overview (Geoff Plummer) Whyalla Overview, Priorities & Outline itinerary (Mark Parry) 9.30 am - 1.00 pm Travel and Mine Tour 1.00 pm - 1.40 pm Lunch 1.40 pm - 2.20 pm Hummock Hill Lookout to view tip pocket, export shed, shiploader (may see a barge loading) 2.20 pm Coaster departs for airport (for those on 3pm flight) 2.30 pm - 4.20 pm Tour Filter Flux Plant and Balling Line at Pellet Plant 4.20 pm Coach travels to Whyalla airport Page 2 1 Presentations OneSteel Overview Geoff Plummer, Managing Director & CEO 4 Whyalla Operations Overview Mark Parry, Executive GM OneSteel Whyalla 13 Whyalla Mining Update Mark Parry, Executive GM OneSteel Whyalla 18 Whyalla Manufacturing Update Mark Parry, Executive GM OneSteel Whyalla 39 Page 3 OneSteel Overview Geoff Plummer, Managing Director and CEO Page 4 2 Company overview OneSteel is a fully integrated global manufacturer and distributor of steel and finished steel product. We are self sufficient in iron ore and partially sufficient in scrap metal.
    [Show full text]
  • Case Study: Whyalla, South Australia Industrial Decline and Rejuvenation
    Globalization, Planning and Local Economic Development www.gpaled.com Case study: Whyalla, South Australia Industrial decline and rejuvenation Whyalla is a small city in South Australia located on the Eyre Peninsula near the head of Spencer Gulf, 237 kilometres from Adelaide by air and 396 kilometres by road. At the 2016 Census the city had 20,114 persons, with the population falling since the mid-1970s when 33,000 persons lived there. At the 1996 Census, for example, the city had a population of 23,644 and the slow, and apparently irreversible, decline in population over four decades has been a constant feature of the city and its economy. At the 2016 Census the Aboriginal and Torres Strait Islander population numbered just over 1,000 persons or five per cent of the population, and this group had doubled in number over the past two decades. Whyalla was born as an industrial town. It was established in 1901 (as Hummock Hill) as a shipping port for iron ore from the mine at nearby Iron Knob. Broken Hill Pty Ltd (BHP) opened a blast furnace for the production of iron and steel in 1941, and also began building naval ships. In 1944 a new water pipeline was completed, removing a major constraint on industrial and population growth. By 1968, BHP had opened an integrated steel works and the population was growing at 3,000 persons per year, many of them migrants from Europe. BHP’s workforce in steel production and shipbuilding reached nearly 7,000 in 1970. However, the shipyards closed in 1978, bringing several decades of remarkable growth to an end.
    [Show full text]
  • Capabilities of the Australian Steel Industry to Supply Major Projects in Australia
    Capabilities of the Australian steel industry to supply major projects in Australia compiled by the Australian Steel Institute Version 2.3 – May 2021 Table of Contents 1. Introduction 3 2. Background of Australian steel sector 4 3. About the Australian Steel Institute 9 4. Competitive advantages of the Australian steel industry 13 5. Capability of industry sectors A. Steel manufacturing 17 B. Roll-forming 30 C. Distribution 32 D. Fabrication 34 E. Construction Modelling 45 F. Hot Dip Galvanizing 49 G. Protective Coatings 53 H. Grating and Handrails 57 6. Quality and Standards 58 7. Welding and Testing 65 8. Steel reinforcing 67 9. Whole of industry cooperation 71 10. Industry Participation Plans and Local Content Procurement 73 11. Logistics 80 12. Work Health and Safety 83 13. Environment and Sustainability 85 14. Case Studies 92 15. Acknowledgements 98 2 This document is provided as general information only and not intended as specific recommendations or advice 1. Introduction Purpose This document has been prepared by the Australian Steel Institute (ASI) on behalf of its members and the wider steel industry. It is a summary of the structure, capabilities and capacities of the Australian ‘steel value chain’ and provides a background into the business environment in which the industry operates. The main purpose of the document is to provide an overview of the industry and highlight the essential role Australian manufactured, fabricated and processed steel plays in delivering value to the Australian construction and manufacturing industries. This document describes the structure, capability and value of the Australian steel industry and provides information on the capacity of the Australian steel manufacturers and the fabrication sector as a reference document for major project proponents and their Engineering, Procurement, Construction Management (EPCM) contractors.
    [Show full text]
  • The Assessment of Our Fuel and Energy Resources and Requirements
    ..|MlS-«»n|- l°\ THE INSTITUTE OF FUEL AUSTRALIAN MEMBERSHIP i CONFERENCE ON I i I •it THE ASSESSMENT OF OUR FUEL AND ENERGY § RESOURCES AND REQUIREMENTS ti HELD AT THE PARK ROYAL MOTOR INN, BRISBANE, OLD. 4th-6th NOVEMBER, 1970 COLLECTED PREPRINTS OF PAPERS PRESENTED THE ASSESSMENT OF OUR FUEL AND ENERGY RESOURCES AND REQUIREMENTS CONFERENCE HELD AT THE PARK ROYAL MOTOR INN BRISBANE, QUEENSLAND 4th-6th NOVEMBER, 1970 Collected Preprints of Papers Presented THE INSTITUTE OF FUEL AUSTRALIAN MEMBERSHIP Opinions expressed in these papers are those of the authors individually, and should not be taken as those of The Institute as a corporate body* FOREWORD The 1970 Conference of the Australian Membership of the Institute is the seventh in a series which began in 195&. Each conference has marked a fresh phase in Institute development, which members will recall from the list of conferences included in this volume. The present Conference will be remembered as the first to be held in Queensland and the first to be organized by the Brisbane Group. The Group is much to be congratulated on having persuaded the Hon. R.E. Camm, Queensland Minister for Mines and Main Roads, to open the Conference. Another feature is the introduction, for the first time in the series, of an international guest lecturer — Mr. Yoshiharu Iimura, Director and General Manager., Nippon Steel Corporation. He will discuss the significance of fuels to Australia and Japan. An appraisal of the present position of nuclear energy in this country will be contributed by the Chairman of the Australian Atomic Energy Commission, Sir Philip Baxter, The 1970 CR.
    [Show full text]
  • Whyalla Port Handbook
    WHYALLA PORT HANDBOOK JANUARY 2019 Any PRINTED copies of this document are UNCONTROLLED VERSION 10 Whyalla Port Handbook 2 This Port Handbook is produced and will be maintained by, OneSteel Manufacturing Pty Ltd (trading as SIMEC Mining) – the owner and operator of Whyalla Port. Address: Port Augusta Road, Whyalla S.A. 5600 Mail Address: PO Box 21, Whyalla S.A. 5600 Emergency Phone Number: 08 8640 4000 Disclaimer The details in this handbook are correct at the time of publication but may be subject to variation. The handbook has been compiled as a ‘Guide only’ and should not be regarded as a comprehensive coverage of or a substitute for appropriate Acts and Regulations. Furthermore Whyalla Port will not be responsible for any incorrect or out-of-date information. Any PRINTED copies of this document are UNCONTROLLED Whyalla Port Handbook 3 Table of Contents 1 DEFINITIONS ...................................................................................................................................... 5 2 INTRODUCTION ................................................................................................................................. 6 2.1 Whyalla Port - Permissions ..................................................................................................................... 6 2.2 Whyalla Port Handbook – Acceptance & Sign Off .................................................................................. 6 2.3 Website ..................................................................................................................................................
    [Show full text]
  • The Future of Australia's Steel Industry Submission 36
    To: Senate Additional Committee Support (SEN) Subject: Scott submission re Steel Industry and associated matters Date: Wednesday, 6 April 2016 4:02:34 PM Attachments: Attachment to Scott submission to Senate Enquiry re Steel Industry Sustainability.pdf Scott submission to The Senate enquiry re the future sustainability of Australia’s steel industry and any other related matters..pdf The Secretariat, The Senate Economics References Committee, Enquiry into the future of Australia's steel industry and related matters. Please accept this email and the two attachments to it as my submission. I have focussed my attention on some aspects of Arrium's steel industry in South Australia and the most affected community, Whyalla. I have attempted to address aspects of the industry and the community which were not canvassed in detail during the public hearing which I sat through in the Whyalla Council Chamber during yesterday afternoon. My main submission document (attached) is set out in three parts - A, B and C: A. Government options for action to increase demand for Steel products from the Whyalla steel mill. B. Government options to facilitate the transition of various steelmaking processes from dependence on fossil fuels, to use of renewable energy, and thereby improve prospects of future sustainability. C. Government options for facilitating steel community transition.. The second attachment to this email supports part B of the main document with brainstorm notes from 2010 about potential to reduce dependence of steelmaking and other industries on fossil fuels. Kind regards, Andrew John A. Scott FIEAust Russell Street Whyalla Norrie SA 5608 Scott submission to The Senate Economics References Committee – enquiry re the future sustainability of Australia’s steel industry and any other related matters.
    [Show full text]
  • Australia's Steel Industry: Forging Ahead
    The Senate Economics References Committee Australia’s steel industry: forging ahead December 2017 © Commonwealth of Australia 2017 ISBN 978-1-76010-683-6 PO Box 6100 Parliament House Canberra ACT 2600 Ph: 02 6277 3540 Fax: 02 6277 5719 E-mail: [email protected] Internet: www.aph.gov.au/senate_economics This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Australia License. The details of this licence are available on the Creative Commons website: http://creativecommons.org/licenses/by-nc-nd/3.0/au/ Printed by the Senate Printing Unit, Parliament House, Canberra. Senate Economics References Committee Committee members in the 45th Parliament Senator Chris Ketter (Chair) Queensland, ALP Senator Jane Hume (Deputy Chair) Victoria, LP Senator the Hon Ian Macdonald Queensland, LP (to 5 December 2016 and from 15 February 2017) Senator Jenny McAllister New South Wales, ALP Senator Nick Xenophon (to 30 October 2017) South Australia, NXT Senator Peter Whish-Wilson (from 14 November 2017) Tasmania, AG Substitute Members for this inquiry Senator the Hon Kim Carr Victoria, ALP (Substitute Member to replace Senator Sam Dastyari from 7 February 2017) Committee members in the 44th Parliament Senator Chris Ketter (Chair) Queensland, ALP Senator Sean Edwards (Deputy Chair) South Australia, LP Senator Matthew Canavan (to 23 February 2016) Queensland, NATS Senator Sam Dastyari New South Wales, ALP Senator Jenny McAllister New South Wales, ALP Senator Dean Smith (from 23 February 2016) Western Australia, LP Senator
    [Show full text]
  • Transforming Onesteel
    OneS OneSteel limited level 40 259 George Street Sydney T nSW 2000 Australia eel t.+61 2 9239 6666 l F. +61 2 9251 3042 imi Transforming T www.onesteel.com ed Annu OneSteel A l rep O rt 2008 OneSTeel limiTed AnnuAl repOrt 2008 OneSteel limited Share reGistRY FinAnciAl cAlendAr ABN 63 004 410 833 corporate OneSteel Share registry (subject to change) OneSteel was listed on the Australian Computershare Investor Services 19 August 2008 Securities Exchange on 23 October 2000. pty limited Annual results and final dividend announced directory GpO Box 242, Melbourne VIC 3001 8 September 2008 AnnuAl GenerAl meeTinG telephone: 1300 364 787 ex–dividend share trading commenced OneSteel’s Annual General Meeting or +61 3 9415 4026 will be held at City Recital Hall, 12 September 2008 Facsimile: +61 3 9473 2500 record date for final dividend Angel Place Auditorium, Sydney, Internet: www.computershare.com NSW 2000 commencing at 2:30pm directorS 16 October 2008 on Monday 17 November 2008. peter J Smedley, Chairman Auditor Final dividend paid Geoffrey J plummer, Managing Director KpMG laurie G Cox, AO 16 October 2008 Photo: Grinding media manufacturing at SecuriTieS exchanGe listinG Annual report mailed to shareholders OneSteel’s Waratah Steel Mill in Newcastle r Bryan Davis (NSW). Grinding media is used to assist in eileen J Doyle OneSteel limited shares are quoted 17 November 2008 the extraction process for many metals such Colin r Galbraith, AM on the Australian Securities exchange Annual General Meeting for 2008 as gold, copper, lead, zinc, iron, nickel, tin and peter G nankervis silver.
    [Show full text]
  • Investing in a Sustainable Future Contents
    OneSteel Annual Review 2004 INVESTING IN A SUSTAINABLE FUTURE CONTENTS Highlights 1 Occupational Health and Safety 28 Chairman’s Review 4 Community 30 Managing Director’s Review 6 Environment 31 Strategic Framework Scorecard 8 Technology 33 Management Structure 9 The Board 34 Finance and Risk Management 10 Corporate Governance Statement 35 Key Business Drivers 12 Directors’ Report 39 Blast Furnace Reline 16 Concise Financial Report 44 Magnetite Feasibility Study 18 Directors’ Declaration/ Major Operating Locations 20 Concise Financial Report Audit Opinion 51 Segment Summary 21 Shareholder Information 52 Australian Distribution 22 Statistical Summary 54 Australian Manufacturing 24 Resource Statement 55 International Distribution 26 Glossary 56 Human Resources 27 Corporate Directory Inside Back Cover ONESTEEL LIMITED ABN 63 004 410 833 OneSteel was listed on the Australian Stock Exchange on 23 October 2000. Cover picture OneSteel Employees (clockwise from top left): Ly Cong Quach, Reinhard Piel, John Borham, Ana Guerrero, Richard Ledington, Lee Hunter, Wayne Phillips, David Ellis, (and centre) Craig Watson HIGHLIGHTS • Third consecutive year of improving net profit after tax • Dividend of 12.0 cents per share, up from 11.0 cents • Continued strong gains in OneSteel share price • Double–digit earnings per share growth AT ONESTEEL WE UNDERSTAND THE • Realigned the business IMPORTANCE FOR OUR BUSINESS TO BE to counter extremely dynamic foreign exchange PROFITABLE FOR OUR SHAREHOLDERS TODAY and steel markets AND FOR OUR PERFORMANCE AND GROWTH TO BE SUSTAINABLE AS A LONG–TERM OUR VISION INVESTMENT FOR THE FUTURE. WITH THIS To be the safest and most profitable manufacturer and distributor of steel and STRATEGY IN MIND ONESTEEL HAS INVESTED other industrial products in Australasia IN TWO MAJOR PROJECTS IN THE 2004 focused on delivering value to shareholders, customers and employees.
    [Show full text]
  • The Mineral Industry of Australia in 2005
    2005 Minerals Yearbook AUSTRALIA U.S. Department of the Interior June 2007 U.S. Geological Survey THE MINERAL INDUSTRY OF AUSTRALIA By Staff The Commonwealth of Australia is a country that is part of South Australia was under bankable feasibility study. In 2005, Oceania, which is located between the Indian Ocean and the Australia exported 1.3 Mt of copper concentrates. Owing to the South Pacific Ocean. The country’s land mass is 7,617,930 country’s increased output, exports of copper concentrates were square kilometers (km2) and encompasses the continent of expected to increase during the next several years. Australia’s Australia and adjacent islands, including King Island and refined copper output was about 450,000 t/yr, and output Tasmania, Lord Howe Island, and Macquarie Island. Owing to capacity was expected to increase to about 500,000 t/yr in 2007 its large mineral resources, Australia was one of the world’s because of the 20,000-t/yr expansion project underway at the leading mineral producing countries. The country ranked among Townsville copper refinery and the 15,000-t/yr greenfield Lady the top 10 countries worldwide in the production of bauxite, Annie project underway at Queensland. Australia exported coal, cobalt, copper, gem and near-gem diamond, gold, iron ore, more than 300,000 t/yr of refined copper (Australian Bureau of lithium, manganese ore, niobium, rare earths, and uranium. Agricultural and Resource Economics, 2006a, p. 155). Gold.—Australia’s gold mine output ranked second in the Commodity Review world after the Republic of South Africa.
    [Show full text]
  • The Mineral Industry of Australia in 1997
    THE MINERAL INDUSTRY OF AUSTRALIA By Travis Q. Lyday Australia is estimated to be the third largest producer of minerals owned by the Government, about 36% of Australia, and then only if and metals, excluding coal and petroleum, in the world, and its they had maintained a continuing association with the land being minerals industry is a leading catalyst in promoting the growth of the claimed. The Wik ruling threw the issue into confusion because it economy. The country’s gross domestic product (GDP) in fiscal year allowed the possibility of native title extending to land held under 1996-97 (July-June) was A$491.3 billion (about $359 billion). The lease, thus increasing the proportion of land open to possible native minerals industry represented $23.3 billion, or 6.5% of the title claim to about 78% of the country (Mining Journal, 1997c). Australian economy (Minerals Council of Australia, 1998, Current economic impacts in Australia, accessed July 7, 1998, on the World Environmental Issues Wide Web at URL http://www.minmet.uq.au/ugrad/courses/5e103/ aspin/notes18.html). The real GDP growth rate for 1997 was 2.9% In October, the Government set its goal to contain greenhouse gas (U.S. Energy Information Agency, May 1998, Australia, accessed emissions at an 18% increase from the 1990 levels by 2120 (instead May 21, 1998, on the World Wide Web at URL http://www.eia.doe. of the projected 28% increase without restraint). Included with the gov/emeu/cabs/australi.html). In 1997, Australia was the world’s $130 million that will be spent to achieve this goal was a leading producer of alumina, bauxite, chrysoprase, diamond, requirement that electricity retailers source an additional 2% of ilmenite, monazite, opal, rutile, sapphire, and zircon; second largest electricity from renewable sources by 2010 (UIC Newsletter, producer of lead and zinc; third largest producer of gold and iron ore; 1997a).
    [Show full text]