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WESTERN AUSTRALIA’S INTERNATIONAL RESOURCES DEVELOPMENT MAGAZINE March–May 2005 $3 (inc GST) Gold: Time for Telfer Petroleum: Exploration excitement Print post approved PP 665002/00062 post approved Print Diamonds: D-day for Argyle DEPARTMENT OF INDUSTRY AND RESOURCES Investment Services 168 St Georges Terrace PERTH Western Australia 6000 Postal address: Box 7606 • Cloisters Square Perth Western Australia 6850 FROM THE DIRECTOR GENERAL Tel: +61 8 9327 5555 • Fax: +61 8 9222 3862 Email: [email protected] www.doir.wa.gov.au Growth brings its challenges INTERNATIONAL OFFICES Europe n this edition, Prospect highlights the importance of both European Offi ce • 5th fl oor, Australia Centre the petroleum and diamond industries to the State. The Corner of Strand and Melbourne Place LONDON WC2B 4LG • UNITED KINGDOM Ipublication also features the A$1.4 billion restart of the Telfer Tel: +44 20 7240 2881 • Fax: +44 20 7240 6637 gold mine and the renewed focus on magnetite iron ore deposits Email: [email protected] in Western Australia. However, the buoyant state of the economy Jim Limerick India — Mumbai Director General Western Australian Trade Offi ce in Western Australia has created many challenges — not the Department of Industry and Resources 93 Jolly Maker Chambers No 2 least being the recruitment and retention of qualifi ed industry 9th fl oor, Nariman Point • MUMBAI 400 021 INDIA Tel: +91 22 5630 3979/74/78 • Fax: +91 22 5630 3977 personnel. Email: [email protected] From welders and mine managers in the resources sector, to skills to support India — Chennai value added industries, Western Australia is fi nding it diffi cult to recruit suitably Western Australian Trade Offi ce - Advisory Offi ce 1 Doshi Regency • 876 Poonamallee High Road qualifi ed people who can help sustain the current wave of economic development. Kilpauk • Chennai 600 084 • INDIA To help alleviate the shortage, the Department of Industry and Resources has Tel: +91 44 2640 0407 • Fax: +91 44 2643 0064 E-mail: [email protected] established a Skilled Migration Unit, to attract suitably qualifi ed people to Western Indonesia — Jakarta Australia to fi ll numerous vacant positions. Western Australia Trade Offi ce Established in the New Year, the unit is already attracting about 15 enquiries a JI H R Rasuna Said Kav C15 - 16, Kuningan Jakarta 12940 • INDONESIA day, from people keen to bring their knowledge, and families, to Western Australia. Tel: +62 21 2550 5331 • Fax: +62 21 522 7103 The new unit is essentially a fast-track program, which recognises the demand of E-mail: [email protected] the resources industry for qualifi ed people to meet industry expansion. Successful Indonesia — Surabaya Western Australian Trade Offi ce applicants agree to work in one of nine regional areas of Western Australia for at Graha Pena 17th fl oor • Jalan Ahmad Yani 88 least 12 months and live in that region for two years. Surabaya 60234 INDONESIA Tel: +62 31 829 9979 • Fax: +62 31 829 9975 Most of the applications to date have been from the United Kingdom, with a Email: [email protected] strong response also expected from South Africa, South East Asia and New Zealand, Japan — Tokyo some of them already in Australia who want to move to Western Australia. Government of Western Australia, Tokyo Offi ce 13th fl oor, Fukoku Seimei Building The next edition of Prospect magazine will carry a full coverage of the Program. 2-2-2 Uchisaiwai-cho Chyoda • TOKYO 100-0011 JAPAN Tel: +81 3 5214 0791 • Fax: +81 3 5214 0796 Email: [email protected] Japan — Kobe Western Australian Government Offi ce Gallop Government returned 6th fl oor, Golden Sun Building • 3-6 Nakayamate-dori 4-Chome Chuo-Ku • KOBE 650-0004 JAPAN Tel: +81 78 242 7705 • Fax: +81 78 242 7707 he Labor Government in Western Australia, led by Email: [email protected] Dr Geoff Gallop, was returned in the State Malaysia Western Australian Trade Offi ce elections held on 26 February. 4th fl oor, UBN Tower • 10 Jalan P Ramlee T The Labor Party retained a comfortable majority KUALA LUMPUR 50250 MALAYSIA Tel: +60 3 2031 8175/6 • Fax: +60 3 2031 8177 over the Coalition group, comprised of the Liberal and Email: [email protected] National Parties. Middle East The former Minister for Education, Mr Alan Carpenter Western Australian Trade Offi ce • Emarat Atrium PO Box 58007 • Dubai • UNITED ARAB EMIRATES has been appointed as the State Development Minister, Dr Geoff Gallop Tel: +971 4 343 3226 • Fax: +971 4 343 3238 to replace the retiring incumbent, Mr Clive Brown. E-mail: [email protected] Peoples’ Republic of China — Shanghai Western Australian Trade & Investment Promotion Shanghai Representative Offi ce • Room 2208, CITIC Square 1168 Nanjing Road West • Shanghai 200041 PEOPLES’ REPUBLIC OF CHINA Tel: +86 21 5292 5899 • Fax: +86 21 5292 5889 EDITOR’S OVERVIEW Email: [email protected] Peoples’ Republic of China — Hangzhou Western Australian Trade & Investment Promotion elcome to another edition of Prospect magazine, the 109th since the Hangzhou Representative Offi ce magazine was initially issued in the fi rst quarter of 1978. Room 910 • World Trade Offi ce Plaza Due to the recent State election and a change in the Minister Zhejiang World Trade Centre W 15 Shuguang Road • Hangzhou 310007 responsible for resources development in Western Australia, there is no message PEOPLES’ REPUBLIC OF CHINA from the Minister in this edition. Instead, I have taken the liberty of writing a short Tel: +86 571 8795 0296 • Fax: +86 571 8795 0295 E-mail: [email protected] editor’s overview. South Korea Having specialised as a resources journalist for the past quarter of a century, it is Mr Young Chan Yu, Regional Director clear that the resources sector in Western Australia has never been in better shape. Western Australian Trade & Investment Offi ce 11th Floor, Kyobo Building The industry is buoyant on a number of fronts, not involving just a few 1 Jongro 1-Ga, Jongro-Gu • SEOUL, KOREA commodities in a few areas, but right across the State. Signifi cantly, more Tel: +82 2 722 1217 • Fax: +82 2 722 1218 than A$45 billion worth of resource projects are either committed or under E-mail: [email protected] consideration for development in Western Australia. Taiwan WA Business Development Manager The article on page 11 of this edition “WA: Australia’s No. 1 export State” points Australian Commerce & Industry Offi ce to why so many resource companies are choosing Western Australia as an ideal Suite 2606, International Trade Building #333 Keelung Road Section 1 • TAIPEI 110 TAIWAN investment location. Tel: +886 2 8780 9118 ext 216 • Fax: +886 2 2757 6707 Share Western Australia’s success — and a magazine that has a print run of Email: nicholas.mckay@austrade,gov.au 10,000 and attracts about 18,000 Internet hits every quarter. Thailand WA Business Development Manager MARK DIXON Australian Trade Commission • Australian Embassy 37 South Sathorn Road • BANGKOK 10120 • THAILAND Tel: +662 287 2680 Ext 3307 • Fax: +662 287 2589 E-mail: [email protected] in this issue 8 Petroleum soars: Higher prices and strong global demand underpins the Western Australian exploration industry. 8 Projects add bite 24 Telfer gears up Western Australia’s robust economic growth looks The A$1.4 billion redevelopment is fueling Newcrest’s sustainable as a strong investment wave gathers expansion plans, with the company confi dent a world- strength throughout the resources sector, enhancing class gold mining operation has been created through the State’s reputation as a “can do” place for the makeover. responsible development. 26 Pilbara in space age 10 New magnetite focus Ancient Aboriginal rock art is being carefully monitored Long regarded as the poor relation of the iron ore for effects from emissions through new technology. industry, the development of the lower grade magnetite ores may be coming closer, with companies looking 27 Refreshed gold quest seriously at processing them to produce high-grade products. A previously shunned area of the Pilbara has captured exploration imagination after an intriguing gold 15 Decision time for Argyle discovery. The latest deadline set for the potential extension of 36 Resources Map the giant diamond mine is the middle of the year, a timeframe that looms as pivotal for the State’s industry. Front cover: Prospect Western Australia’s LNG export Western Australian Prospect ISSN 1037 4590 magazine is published quarterly by the Western Australian Government’s industry continues to be dynamic, Department of Industry and Resources (DoIR) and Ray Burns Media. with new generation LNG carriers Editorial management: Mark Dixon, DoIR Communications & Marketing Division. Tel: (08) 9327 5555 • Fax: (08) 9327 5500. now in service on the supply run to Advertising management: Ray Burns Media, PO Box 1230, South Perth Westerm Australia 6951 Japan. These feature sleek 137,500 Tel: (08) 9227 6688 • Mobile: 0408 474 328 • Email: [email protected] Prospect has been compiled in good faith by the Department of Industry and Resources from information and data cubic metre membrane-containment gathered in the course of the magazine’s production. Opinions expressed in Prospect are those of the authors and not systems, compared with the older necessarily those of the Department of Industry and Resources. No person or organisation should act on the basis of any style dome-shaped carriers which matter contained in this publication without considering, and if have a storage capacity of only necessary taking, appropriate professional advice from other sources. Department of 125,000 cubic metres of gas.
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