DOCSLIB.ORG

Australia's Identified Mineral Resources 2004

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Australia's Identified Mineral Resources 2004 AUSTRALIA’S IDENTIFIED MINERAL RESOURCES 2004 1 AUSTRALIA’S IDENTIFIED MINERAL RESOURCES 2004 Australian Government Geoscience Australia Industry, Tourism and Resources Portfolio Minister for Industry, Tourism and Resources: The Hon. Ian Macfarlane, MP Parliamentary Secretary: The Hon. Warren Entsch, MP Geoscience Australia* Chief Executive Officer, Geoscience Australia: Dr Neil Williams © Australian Government 2004 This work is copyright. Apart from any fair dealings for the purposes of study, research, criticism, or review, as permitted under the Copyright Act 1968, no part may be reproduced by any process without written permission. Copyright is the responsibility of the Chief Executive Officer, Geoscience Australia. Requests and enquiries should be directed to the Chief Executive Officer, Geoscience Australia, GPO Box 378, Canberra, ACT 2601. ABN: 80 091 799 039. Geoscience Australia has tried to make the information in this product as accurate as possible. However, it does not guarantee that the information is totally accurate or complete. Therefore, you should not rely solely on this information when making a commercial decision. ISSN 1327-1466 Bibliographic reference: Geoscience Australia 2004. Australia’s Identified Mineral Resources 2004. Geoscience Australia, Canberra. * Geoscience Australia grew out of the Bureau of Mineral Resources (BMR) and the Division of National Mapping, both of which were founded soon after World War 2. BMR became the Australian Geological Survey Organisation (AGSO) in 1992, several years after the Division of National Mapping had become the Australian Surveying and Land Information Group (AUSLIG). In 2001, AGSO and AUSLIG merged to become Geoscience Australia, the nation’s geoscience research and information agency. Further information is available at www.ga.gov.au. FRONT COVER: Reclaiming Marra Mamba iron ore from stockpiles at Mining Area C, Pilbara Region of Western Australia (BHP Billiton Iron Ore). 2 DESIGN AND LAYOUT: Lindy Gratton, Geospatial Applications and Visualisation (GAV), Geoscience Australia AUSTRALIA’S IDENTIFIED MINERAL RESOURCES 2004 Foreword Geoscience Australia provides information on the nation’s future capacity to produce mineral resources. Australia’s Identified Mineral Resources is an annual nation-wide assessment of Australia’s ore reserves and mineral resources. All major and a number of minor mineral commodities mined in Australia are assessed. It includes evaluations of long-term trends in mineral resources, international rankings, summaries of significant exploration results, brief reviews of mining industry developments, and an analysis of mineral exploration expenditure across Australia. Comparable information on petroleum resources is published in another Geoscience Australia publication: Oil and Gas Resources of Australia. Australia’s Identified Mineral Resources provides technical information on mineral and energy resources, which is used in formulating Government policies and reproduced by the Australian Bureau of Statistics. It also provides government, industry, the investment sector and general community with an informed understanding of Australia’s known mineral endowment and level of exploration activity. To meet the increasing demand from Asian steel mills, particularly in China and Japan, Australian mining companies have initiated major expansions in mine production of coking coal, iron ore and manganese ore. Australia’s Identified Mineral Resources provides government with the information required to monitor whether such resources are being discovered and developed for production at rates sufficient to maintain Australia’s position as a major supplier to international markets. For this reason, resource assessment for the national inventory takes a long term view of what is potentially economic. Data on mining company estimates of ore reserve (JORC Code), which are generally based on short to medium term commercial considerations, are also included for comparison. National assessments of this type are assuming greater significance given international trends in the minerals industry. Take-overs and mergers amongst the larger companies in recent years have led to consolidation of the minerals industry. These companies explore or acquire mineral resources in a global context, seeking opportunities for large and high grade deposits that can be mined cost- effectively with low impacts and low risks. There has also been a decline in the number of medium sized mining companies, which have traditionally been very active and successful in Australia. Resources data from Australia’s Identified Mineral Resources have also been included in an online atlas of Australia’s Mineral Resources, Mines and Processing Centres, developed by Geoscience Australia with support from the Minerals Council of Australia and Department of Industry, Tourism and Resources, through the Government’s Regional Minerals Program. The atlas, which can be viewed at www.australianminesatlas.gov.au, has a web-based GIS (geographic information system) format and shows the location of mineral and energy resources, mines and production/processing centres. 3 NEIL WILLIAMS Chief Executive Officer Geoscience Australia AUSTRALIA’S IDENTIFIED MINERAL RESOURCES 2004 Contents Foreword . .3 Summary . .6 Introduction . .8 Trends in Australia’s Economic Demonstrated Resources of major mineral commodities . .11 COMMODITY REVIEWS Bauxite . .18 Black coal . .19 Brown coal . .24 Copper . .26 Diamond . .29 Gold . .31 Iron ore . .38 Lithium . .42 Magnesite . .43 Manganese ore . .45 Mineral sands . .47 Nickel . .52 Niobium . .57 Phosphate . .58 Shale oil . .59 Tantalum . .60 Tin . .61 Uranium . .62 Vanadium . .66 Zinc, lead, silver . .67 PRODUCTION AND RESOURCE LIFE Production and resource life . .72 EXPLORATION Expenditure . .75 Exploration drilling . .78 World exploration . .78 Outlook for exploration . .79 Offshore mineral exploration in Commonwealth waters . .79 APPENDICES Appendix 1: Abbreviations and acronyms . .80 Appendix 2: National classification system for identified mineral resources . .81 Appendix 3: Staff – Mineral Resources and Advice and Minerals Promotion Projects . .85 4 AUSTRALIA’S IDENTIFIED MINERAL RESOURCES 2004 TABLES Table 1: Australia’s resources of major minerals and world figures as at December 2003 Table 2: Australian gold production 1999 to 2003 Table 3: Correlation of resource classification schemes for uranium Table 4: Australian production and exports of selected mineral products 2003–04 Table 5: Australian mineral exploration expenditure by commodity, 2001–02 and 2002–03 Table 6: Australian mineral exploration expenditure by State, 2001–02 and 2002–03 FIGURES Figure 1: Trends in Economic Demonstrated Resources (EDR) for major commodities since 1975 Figure 2: Australian mineral exploration expenditure by commodity since 1992–93 (Source: ABS) Figure 3: Australian mineral exploration expenditure by State since 1992–93 (Source: ABS) Figure 4a: Australian mineral exploration expenditures in constant 2002–03 dollars (Based on ABS data deflated by Consumer Price Index) Figure 4b: Australian mineral exploration expenditures excluding gold and base metals, in constant 2002–03 dollars (Based on ABS data deflated by Consumer Price Index) Figure 5: Distribution of world mineral exploration budgets, 2003 (Source: Metals Economics Group, Canada) PHOTOGRAPHS Front Cover: Reclaiming Marra Mamba iron ore from stockpiles at Mining Area C, Pilbara Region of Western Australia (BHP Billiton Iron Ore) Commodity Review cover: Construction of the Broadmeadow punch longwall coal mine, BHP Billiton Mitsubishi Alliance, Bowen Basin, Queensland Inset: Broadmeadow punch longwall mine entrance (main gate) (Geoscience Australia, Bill McKay) Photo 3: Goonyella coal mine owned by BHP Billiton Mitsubishi Alliance, Bowen Basin, Queensland (Geoscience Australia, Bill McKay) Photo 4: Loading a coal haul truck at the Moura mine, Bowen Basin, Queensland (Anglo Coal Australia) Photo 5: Satellite guided D11R dozers using the radial sector method to push coal to a feeder-breaker at the Yallourn brown coal mine, Victoria (Yallourn Mine Alliance, Roche Theiss Linfox Joint Venture) Photo 6: Possible mining methods being studied for the proposed expansion of operations at Olympic Dam mine, South Australia. The current and proposed areas to be mined by sub-level open stoping (SLOS) methods are shown in the northern portion of the orebody. Sub-level caving (SLC) and open pit mining methods are being considered for the southern portion of the orebody as part of the proposed expansion of operations (WMC Resources Ltd) Photo 7: Exploration drilling for gold in the Cracow region, Queensland (Newcrest Mining Ltd) Photo 8: Mining Area C iron ore project, Pilbara Region of Western Australia (BHP Billiton Iron Ore) Photo 9: Loading manganese ore at the Woodie Woodie mine, Western Australia (Consolidated Minerals Ltd) Photo 10: Beverley in situ leach uranium mine, South Australia. Ion exchange plant with main trunkline (pipeline) which extends from the plant to the in situ leach wellfield (top right corner of photo). Recently constructed evaporation ponds are blue areas adjacent to the plant (Heathgate Resources Pty Ltd) Photo 11: Wellfield at Beverley in situ leach uranium mine. Main trunkline with injection wells 5 and recovery wells (Heathgate Resources Pty Ltd) Production and resource life cover: Pouring copper anodes, Olympic Dam operations, South Australia (WMC Resources Ltd) Exploration cover: Exploration for manganese
Load more

Recommended publications
  • Annual Report (2020)
    For personal use only TERRACOM LIMITED 2020 ANNUAL REPORT Contents SECTION 1: COMPANY OVERVIEW 2 Chairman’s letter to shareholders 3 Directors 4 Management team 6 Company information 7 Current operations and project structure 8 Operations overview 9 Current mining tenements held 10 SECTION 2: COMPANY UPDATE 11 Operational summary 12 Production overview 13 Financial overview 14 Operational performance 15 SECTION 3: COMPANY OPERATIONS AND PROJECTS 16 Australia Operations and Projects 17 South Africa Operations and Projects 22 SECTION 4: JORC RESOURCES AND RESERVES STATEMENT 31 SECTION 5: FINANCIAL REPORT 39 Director’s Report 41 Auditors Independence Declaration 64 Statement of profit or loss 66 Statement of other comprehensive income 67 Statement of financial position 68 Corporate Directory Statement of changes in equity 70 Statement of cash flows 72 PEOPLE Notes to financial statements 77 Directors Wallace King AO Directors declaration 133 Craig Ransley Glen Lewis Independent Auditor’s Report 134 Shane Kyriakou SECTION 6: ASX ADDITIONAL SHAREHOLDER INFORMATION 141 Craig Lyons Matthew Hunter Additional shareholder information for listed public companies 142 Company Secretary Megan Etcell Chief Executive Officer Danny McCarthy Chief Commercial Officer Nathan Boom Download Chief Financial Officer Celeste van Tonder Scan the QR code to download CORPORATE INFORMATION a PDF of the 2020 TerraCom Registered Office Blair Athol Mine Access Road Limited Annual Report. Clermont, Queensland, 4721 Australia Telephone: +61 7 4983 2038 Contact Address
    [Show full text]
  • For Personal Use Only Use Personal For
    .1 S. bhpbi ILl ton Company Secretariat BHP Billiton Limited BHP BullIon Plc 180 Lonscfale Street Neatliouse Place Melbourne Victoda 3000 Austra8a London SW1V 1BH UK GPO Box 86 Melbourne Vicfoda 3001 Australia Tel ^44 20 7802 4000 Tel^61 1300554757Fax+61 396094372 Fax +44 20 7802 4111 bhpbilliton.com bhpbillilon.cotrt 27 June 2008 To: The Company Announcements Office Australian Securities Exchange Messrs James Wallace and Howard Toomey Company Secretaries Haoma Mining NL Haoma Mining NL ("Haoma") Notice of initial substantial holder Please find attached Form 603 (Notice of initial substantial holder), which provides details of BHP Billiton Nickel West Pty Ltd's (formerly WMC Resources Limited) interest in Haoma Mining NL. BHP Billiton Nickel West Pty Ltd acquired these securities pursuant to Alumina Limited's consent dated 5 May 2008, following the incorrect registration of the securities after the demerger of Alumina Limited and WMC Resources Limited in 2003. ' /. / ,'' // F)ona,Smlth V Deity Company Secretary For personal use only BHP BullIon Limded Registered Offica: Level 27, 180 Lonsdale Street, Melbourne VIC 3000, Australia AGN 49004 028 077 Registered in Australia A member of the BHP Billiton Group which is headquartered in Australia BHP Billiton Plc Registered Office: Neathouse Place, London SWIV IBH, UK Registered in London A member of Ihe BHP BullIon Group which is headquartered in Australia 603 page 1/2 153u1y2001 Form 603 Corporations Act 2001 Section 671B Notice of initial substantial holder 1g. Company Name/Scheme Haoma Mining NL ACNIARSN 008 676 177 1. Details of substantial holder (1) Name BlIP Billiton Limited ACN/ARSN (if applicable) 004 028 077 This notice is given by BHP Billiton Limited on behalf of BHP Billiton Limited's controlled bodies corporate (Limited Subsidiaries), on behalf of BlIP Billilon Plc, and on behalf of BF-IP Bifiton Plc's controlled bodies corporate (Plc Subsidiaries) including those named in the list annexed to this Form 603 and marked Annexure A.
    [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]
  • Roy Hill Celebrates Historic First Shipment
    10 December 2015 Roy Hill Celebrates Historic First Shipment Hancock Prospecting Pty Ltd and Roy Hill Holdings Pty Ltd are pleased to announce the historic inaugural shipment from Port Hedland of low phosphorous iron ore from the Roy Hill mine on the MV ANANGEL EXPLORER bound for POSCO’s steel mills in South Korea. Mrs Gina Rinehart, Chairman of Hancock and Roy Hill Holdings Pty Ltd, said “The Roy Hill mega project is the culmination of hard-work from the dedicated small executive and technical teams at Hancock and more recently by the entire Roy Hill team.” “Given that the mega Roy Hill Project was a largely greenfield project that carried with it significant risks and considerable cost, it is remarkable that a relatively small company such as Hancock Prospecting has been able to take on and complete a project of this sheer size and complexity.” “The Roy Hill Project has recorded many achievements already and with the first shipment it will also hold one of the fastest construction start-ups of any major greenfield resource project in Australia. This is a considerable achievement, and although the media refer to a contractors date for shipment, it remains that the shipment still occurred ahead of what the partners schedule had planned in the detailed bankable feasibility study.” “The performance on the construction gives great confidence we can achieve performance as a player of international significance in the iron ore industry. To put the scale of the Roy Hill iron ore project into perspective in regard to Australia’s economy, when the mine is operating at its full capacity, Roy Hill will generate export revenue significantly greater than either Australia's lamb and mutton export industry or our annual wine exports.
    [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]
  • The Mineral Industry of Australia in 2012
    2012 Minerals Yearbook AUSTRALIA U.S. Department of the Interior February 2015 U.S. Geological Survey THE MINERAL INDUSTRY OF AUSTRALIA By Pui-Kwan Tse Australia was subject to volatile weather in recent years Government Policies and Programs that included heavy rains and droughts. The inclement weather conditions affected companies’ abilities to expand The powers of Australia’s Commonwealth Government are their activities, such as port, rail, and road construction and defined in the Australian Constitution; powers not defined in the repair, as well as to mine, process, manufacture, and transport Constitution belong to the States and Territories. Except for the their materials. Slow growth in the economies of the Western Australian Capital Territory (that is, the capital city of Canberra developed countries in 2012 affected economic growth and its environs), all Australian States and Territories have negatively in many counties of the Asia and the Pacific region. identified mineral resources and established mineral industries. China, which was a destination point for many Australian Each State has a mining act and mining regulations that mineral exports, continued to grow its economy in 2012, regulate the ownership of minerals and the operation of mining although the rate of growth was slower than in previous years. activities in that State. The States have other laws that deal with As a result, Australia’s gross domestic product (GDP) increased occupational health and safety, environment, and planning. at a rate of 3.1% during 2012, which was higher than the All minerals in the land are reserved to the Crown; however, 2.3% rate of growth recorded in 2011.
    [Show full text]
  • Coal: Prospects for the Future
    Cairns & Mining Conference 2013 12 June 2013 Coal: Prospects for the Future David Rynne Director Economics & Infrastructure Overview > Who is the QRC? > The global fundamentals > What’s ailing the QLD the coal sector > Advancing the QLD resources sector 2 Who is the QRC? 3 Who we are > Queensland Resources Council (QRC) is a not-for-profit peak industry association representing the commercial developers of Queensland’s minerals and energy resources > 91 full members – explorers, miners, mineral processors, site contractors, oil and gas producers, electricity generators > 152 service members - providers of goods or services to the sector > Peak policy-making instrument: elected 30-member QRC Board covering diversity of members (8 positions for metals mining/mineral processing) > Policy developed through specialist Committees eg Infrastructure, Skills, Exploration, Energy & Climate Change, OH&S, Environment, Indigenous A multi-commodity peak body specialising in Queensland-based advocacy. 4 Aberdare Collieries Cement Australia Leighton Contractors Rio Tinto Coal Australia Adani Mining Civil Mining and Construction Liberty Resources Santos/TOGA 87 A.J. Lucas Coal Technologies Clean Energy Australasia Linc Energy Shell Development (Australia) full Alcyone Resources Coalbank Macmahon Holdings Sibelco Australia Allegiance Coal Cockatoo Coal MacMines Austasia members Sojitz Coal Mining Altona Mining CuDeco Mastermyne Sonoma Mine Management Ambre Energy Downer EDI Mining Mega Uranium Stanmore Coal Anglo American Exploration Eagle Downs Coal Management
    [Show full text]
  • LEGISLATIVE COUNCIL Question on Notice
    18 JUN 2020 See tabled paper.· LEGISLATIVE COUNCIL Question On Notice Thursday, 14 May 2020 2949. Hon Robin Scott to the Mini11ter for Rcgio_.al Development representing the Minister for Mines and Petroleum (1) Will the Minister please provide a list of the companies/prospectors and projects which have lodged addendums to existing mining proposals to commence mining operations within the last 8 months and are currently still waiting to have those projects approved by the Department of Mines, Industry Regulation and Safety? (2) Ifno to (1), why not? (3) Can the Mjnister advise what is specifically being done to process and expedite all outstanding addendums to Mining Proposals awaiting approval so as mining companies can continue to play a huge pait in the growth and development of this State? (4}Ifno to (3), why not? · , Answer (1) No (2) There is no fo1mal process for addendums to Mining Proposals under the Mining Act 1978, and therefore the Depaitment of Mines, Industry Regulation and Safety (DMIRS) does not differentiate within its systems between Mining Proposals th.at are for new opetations compared to proposals for additions/revisions to existing operations. I have provided a list of companies that have lodged Mining Proposals since 15 September 2019, which were still under assessment as of 15 May 2020. This amounts to 82 Mining Proposals. [See Tabled Paper no. ] (3) DMIRS commits to target timeframes for all its approval processes. The target timeline for Mining Proposals is 30 business days from receipt of application. While a number of the 82 Mining Proposals listed in (2) may be 'on~hold' waiting for more infotmation from the applicant 01' advice from another agency, over the period 15 September 2019 to 15 May 2020 DMIRS finalised 139 Mining Proposals with an average DMIRS processing time of 19 business days.
    [Show full text]
  • Case Study: Rio Tinto Iron Ore (Pilbara Iron) Centralized Monitoring Solution
    Case Study: Rio Tinto Iron Ore (Pilbara Iron) Centralized Monitoring Solution of 2007, seven mines all linked by the world’s largest privately owned rail network. CHALLENGES To meet the growing demand for their iron ore, particularly from the ever-growing Chinese market, Pilbara Iron were faced with the challenge of increasing production from their mining operations, or more importantly preventing stoppages in production, while maintaining quality. It was recognized that the process control systems at their processing plants were critical assets required to be available and reliable while keeping the plant within the optimal production limits. At the same time the mining industry, like most industries, was and is facing a worldwide shortage of skilled labor to operate and maintain their plants. Rio Tinto Iron Ore Figure 1. Pilbara Iron’s operations has the added burden of very remote mining operations, making it even harder to attract and retain experienced and skilled labor, PROFILE particularly control and process engineers. The mining operations of Rio Tinto Iron Ore (Pilbara Iron) in Australia are located in the Pilbara Region, In order to offer the benefits of living in a a remote outback area in northwest Western modern thriving city, a group of process control Australia, some 1200 kilometers from Perth. Pilbara professionals was established in Perth. Iron has three export port facilities and, by the end The members of this team came from Rio Tinto A WEB-BASED SOLUTION Asset Utilization, a corporate support group To meet this need a centralized monitoring solution established within Rio Tinto at the time to address was established, with data collection performed at performance improvement across all operations the sites and analysis and diagnosis undertaken worldwide, and Pilbara Iron itself.
    [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]
  • 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]
  • Application by Robe River Mining Co Pty Ltd and Hamersley Iron Pty Ltd
    AUSTRALIAN COMPETITION TRIBUNAL Applications by Robe River Mining Co Pty Ltd and Hamersley Iron Pty Ltd [2013] ACompT 2 Citation: Applications by Robe River Mining Co Pty Ltd and Hamersley Iron Pty Ltd [2013] ACompT 2 Review from: Treasurer of the Commonwealth of Australia Parties: Robe River Mining Co Pty Ltd, North Mining Ltd, Pilbara Iron Pty Ltd, Rio Tinto Ltd, Mitsui Iron Ore Development Pty Ltd, Nippon Steel Australia Pty Ltd & Sumitomo Metal Australia Pty Ltd Hamersley Iron Pty Ltd, Hamersley Iron-Yandi Pty Ltd, Robe River Mining Co Pty Ltd, North Mining Ltd, Pilbara Iron Pty Ltd, Rio Tinto Ltd, Mitsui Iron Ore Development Pty Ltd, Nippon Steel Australia Pty Ltd & Sumitomo Metal Australia Pty Ltd File numbers: ACT 3 of 2008 ACT 4 of 2008 Tribunal: MANSFIELD J (PRESIDENT) MR R SHOGREN (MEMBER) MR R STEINWALL (MEMBER) Date of judgment: 8 February 2013 Catchwords: ACCESS TO SERVICES – review of Minister’s decisions to declare two services under s 44H of Trade Practices Act 1974 (Cth) – where Minister had failed to consider proper test in applying criterion (b) in s 44H(4) – private profitability test – whether there was material which could satisfy the Tribunal about criterion (b) properly considered ACCESS TO SERVICES – review of Minister’s decisions to declare two services under s 44H of Trade Practices Act 1974 (Cth) – review being conducted after significant passage of time – extent of power of presiding member under s 44K(6) – whether in circumstances presiding member could request National Competition Council to secure experts
    [Show full text]