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Shining Star WESTERN AUSTRALIA’S INTERNATIONAL RESOURCES DEVELOPMENT MAGAZINE June – August 2011 $3 (inc GST) Shining star Galaxy Resources’ Mt Cattlin mine shines Print post approved PP 665002/00062 approved Print post DEPARTMENT OF STATE DEVELOPMENT International Trade and Investment 1 Adelaide Terrace East Perth, Western Australia 6004 Tel: +61 8 9222 0566 • Fax: +61 8 9222 6151 Email: [email protected] www.dsd.wa.gov.au INTERNATIONAL OFFICES Europe European Offi ce • 5th fl oor, Australia Centre Corner of Strand and Melbourne Place London WC2B 4LG • UNITED KINGDOM Tel: +44 20 7240 2881 • Fax: +44 20 7240 6637 Email: [email protected] Western Australia continues to cement its reputation as a global player India — Mumbai in the minerals and energy sectors. Western Australian Trade Offi ce 93 Jolly Maker Chambers No 2 9th fl oor, Nariman Point • Mumbai 400 021 • INDIA Growing numbers of energy, mining and related service companies Tel: +91 22 6630 3973 • Fax: +91 22 6630 3977 are locating in Perth, with two more global giants landing in Western Email: [email protected] Australia recently. Indonesia — Jakarta Western Australia Trade Offi ce The world’s second largest company, General Electric has announced Wisma Budi Building • fl oor 5 Suite 504 plans for an A$80 million technology and education centre based in JI HR Rasuna Said Kav C-6 Perth to help deliver the next generation of skilled workers in the oil, Kuningan, Jakarta 12940 • INDONESIA Tel: +62 21 5290 2860 • Fax: +62 21 5296 2722 gas, energy, mining, transportation and water industries. Email: [email protected] GL Noble Denton has also arrived in Western Australia, opening an Japan — Tokyo offi ce in Perth to service the multi-billion dollar oil and gas projects Government of Western Australia, Tokyo Offi ce scheduled for Australia. 13th fl oor, Fukoku Seimei Building 2-2-2 Uchisaiwai-cho Chiyoda-ku • TOKYO 100-0011 • JAPAN Currently, the value of major resources and industrial projects, Tel: +81 3 5157 8281 • Fax: +81 3 5157 8286 committed or under active consideration in Western Australia, is more Email: [email protected] than A$170billion. Japan — Kobe Western Australian Government Offi ce In April, Civmec Construction & Engineering Pty Ltd opened a massive, 6th fl oor, Golden Sun Building • new heavy engineering and fabrication workshop in Henderson, south 4-3-6 Nakayamate-dori of Perth. Chuo-Ku • Kobe 650-0004 • JAPAN Tel: +81 78 242 7705 • Fax: +81 78 242 7707 The A$30 million facility, located on the waterfront at the Australian Email: [email protected] Marine Complex, will help boost Western Australian industry’s capacity Malaysia — Kuala Lumpur to compete for resources sector projects. Western Australian Trade Offi ce 4th fl oor, UBN Tower • 10 Jalan P Ramlee The Civmec facility will ensure that the state is positioned to win KUALA LUMPUR 50250 • MALAYSIA Tel: +60 3 2031 8175/6 • Fax: +60 3 2031 8177 signifi cant work generated by unprecedented levels of resources Email: [email protected] investment in Western Australia. Middle East — Dubai Western Australia can, and will, see enormous benefi ts from Western Australian Trade Offi ce • Emarat Atrium PO Box 58007 • Dubai • UNITED ARAB EMIRATES resources development and the growth of new industries in this state. Tel: +971 4 343 3226 • Fax: +971 4 343 3238 Email: [email protected] Colin Barnett PREMIER OF WESTERN AUSTRALIA & MINISTER FOR STATE DEVELOPMENT People’s Republic of China — Shanghai Western Australian Trade and Investment Promotion Norman Moore Room 2208 • CITIC Square MINISTER FOR MINES AND PETROLEUM 1168 Nanjing Road West SHANGHAI 20004 • PEOPLE’S REPUBLIC OF CHINA Tel: +86 21 5292 5899 • Fax: +86 21 5292 5889 Email: [email protected] People’s Republic of China — Hangzhou Prospect Western Australian Trade and Investment Promotion Western Australian Prospect magazine is published quarterly by the Hangzhou Representative Offi ce Western Australian Government’s Department of Mines and Petroleum (DMP) Room 1705 • World Trade Offi ce Plaza and Department of State Development (DSD). Zhejiang World Trade Centre Editorial management: Rebecca Atkinson, DSD Communications and Marketing Division. 122 Shuguang Road • Hangzhou 310007 Tel: (08) 9222 0417 • Fax: (08) 9222 0505 PEOPLE’S REPUBLIC OF CHINA Tel: +86 571 8795 0296 • Fax: +86 571 8795 0295 Disclaimer Email: [email protected] Prospect has been compiled in good faith by the Department of Mines and Petroleum (DMP) and Department of State Development (DSD). Opinions expressed in Prospect are those of the authors and do not necessarily represent the views, or have the endorsement of DMP and DSD. DMP and DSD has used all reasonable endeavours to ensure the material contained in this publication is correct, but it is intended to be general in nature. No South Korea — Seoul representation is made with regard to the completeness or accuracy of the information contained herein. DMP and DSD disclaims any or all liability for loss or damage whatsoever suffered or incurred resulting from the use of or reliance on information contained herein. Readers of this publication Western Australian Trade and Investment Offi ce should make and rely on their own enquiries, research and judgements in making decisions affecting their own or any other persons interest. Unit 702 • 7th Floor • Kwanghwamoon Building 211 Sejongno, Jongno-gu Seoul • South Korea 110-730 • KOREA Cover photo: Emerging lithium producer Galaxy Resources’ Mt Cattlin mine. Story page 2. Tel: +82 2 722 1217 • Fax: +82 2 722 1218 Email: [email protected] In this issue 02 04 08 16 20 24 02 A shining star 16 CCS expertise Galaxy Resources’ Mt Cattlin mine experiences WA developing as key state in carbon capture and storage. a momentous month. 20 Golden Geckos milestone 04 Major player Celebrating 20 years of environmental management. Chevron’s Wheatstone LNG project to emerge as WA’s fourth major gas export facility. 24 Managing risk 08 Global giants BHP Billiton leads the way in catastrophic risk management. WA continues to cement its reputation as a petroleum industry services hub. Department of Mines and Petroleum Department of Mines and Petroleum Department of State Development Department of State Development www.dmp.wa.gov.au www.dsd.wa.gov.au GALAXY RESOURCES RACKS UP MILESTONES AT MT CATTLIN 2 March was a momentous month Galaxy has committed to a residential for emerging lithium producer workforce in the towns of Ravensthorpe Galaxy Resources and its Mt and Hopetoun, which were impacted Cattlin mine, which shipped its fi rst by the closure of BHP Billiton’s spodumene to China and sold its fi rst Ravensthorpe Nickel project in 2008. tantalum concentrate. The company is also in negotiations The 6500 tonne spodumene shipment with Esperance Port to export from the left from Bunbury Port on 28 March port in the longer term. bound for Zhangjiagang Port in China. Mr Tan said Galaxy was bullish about The 28 tonnes of tantalum concentrate the global outlook for lithium. was sold to Western Australian “The long-term prospect for the mine company Global Advanced Metals under looks good, with the demand for lithium a fi ve-year sales agreement. primarily coming from the lithium ion The company also announced it had battery industry—this industry is about lifted the total contained lithium oxide to signifi cantly grow due to the electric resource at Mt Cattlin by 14 per cent to vehicle revolution,” he said. 197,000 tonnes in March. “The project ramp up is still proceeding Galaxy Resources Managing Director with recent campaigns achieving 80 per Iggy Tan said these were important cent of design output.” milestones for the company. The second shipment from Mt Cattlin is “The Mt Cattlin project was expected to occur in June this year. constructed, commissioned and started Galaxy is also looking at building a up in less than 11 months,” he said. downstream project involving lithium “The project was on schedule and ion battery production in China in line on budget. with its plans to become a vertically integrated lithium company. “The fi rst shipment of spodumene was slightly delayed but still in line with guidance, due to slower than expected ramp up.” Galaxy Resources made its fi rst shipments of spodumene and tantalum concentrate during March this year. 3 An artist’s impression of the Wheatstone LNG project. Image courtesy of Chevron. New gas giant looms With a Final Investment Decision “The Wheatstone project will be Chevron estimates that over its life, imminent for the massive Chevron Australia’s fi rst-ever LNG hub to accept the Wheatstone project could generate Corporation led Wheatstone LNG project, gas from third party suppliers. This services and supply contracts worth more Western Australia could soon benefi t from concept takes a long-term approach than A$15billion for Australian business. a fourth major gas export facility on its to keeping the country’s LNG sector The company is currently working with Pilbara coast. producing for generations to come, while a State Government led Local Content Drawing on resources in the energy rich minimising the environmental footprint Steering Committee and industry Carnarvon Basin, Wheatstone is planned that would be needed for new projects,” organisations to identify opportunities for initially to produce about 9 million tonnes Mr Krzywosinski said. Australian participation in the project. of liquefi ed natural gas per annum (Mtpa) This will represent a signifi cant expansion Market analysts say the value of for export and associated natural gas for of Western Australia’s LNG export Wheatstone’s production over 20 years domestic use. capacity, which is currently 16.3Mtpa, but is estimated at more than A$100billion Liquefi ed natural gas (LNG) production construction of an additional 19.3Mtpa is and the project has a potential life of from its initial two processing units is underway and expected to be in operation 40-50 years.
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