SACOME Annual Report 2016-17

CONTENTS
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The South Australian Chamber of Mines and Energy (SACOME) is the peak industry
body representing companies with interests in the minerals, energy, extractive, oil
& gas and renewables sector in South Australia (SA); including those who provide
services to them.
A not-for-profit, non-government organisation;
SACOME facilitates opportunity, drives debate,
brings stakeholders together and advocates
for change to generate new investment, create
jobs and encourage imagination and innovation
– ensuring our state’s future prosperity remains
front and centre.
SACOME acknowledges the Councillors, who
have volunteered their expertise and time
during the 2016/17 year, including departing
Councillors Alison Snel – Flinders Port Holdings
and Jonathon Glew – Gypsum Resources.
PRESIDENT’S REPORT 2
CEO’S MESSAGE 3
2016-17 2016/17 HIGHLIGHTS 4
STRATEGY 6
POLICY – PRIORITY THEMES 8
POLICY – SUBMISSIONS – SUBMISSIONS 15 14
COMMUNITY –– DIRT CONVERSATIONS TV 16 15
MEMBERS COMMUNITY EVENTS 20 16
2016-17 EVENTS SPONSORS 21 17
MEMBERS 18
2016/17 SPONSORS 19
FINANCIALS 22
SACOME Councillors left to right: Andrew Stocks - Iron Road, Mike Flynn, Andrew Dyda - Finlaysons, Wendy Roxbee -
Senex, Andrew Cole - OZ Minerals, Kymberly Sinclair - Gypsum Resources, Vicki Brown, Rob Malinauskas - Santos,
Terry Burgess - SACOME President, Greg Hall - Rex Minerals & SACOME Vice President, Mark Dayman - Fyfe,
Stewart Lammin - Flinders Port Holdings, Jacqui McGill - BHP & SACOME Vice President, Rebecca Knol - SACOME CEO,
Chris Jamieson - Beach Energy, George McKenzie, Alice McCleary - Archer Exploration.
Annual Report 2017

president’s report
CEO’s message
The past year has continued to be
challenging for our members, however
there are some signs of an upturn,
particularly for the mining sector.
This year has seen the approval of Iron
Road’s Central Eyre Iron Project Mining
Lease and Development Application, Iluka is
recommencing operations at Jacinth-Ambrosia
Mine, OZ Minerals submitted its Mining Lease
application for Carrapateena, BHP is developing
the Southern Mine Area at Olympic Dam
and Hillgrove is considering underground
development at Kanmantoo.
There has also been exploration activity with
companies such as BHP, Minotaur Exploration
and Archer Exploration.
In the oil and gas sector, the decision by BP not
to drill in the Great Australian Bight (GAB) was
disappointing, but recent developments with
Statoil taking over two of the leases, including the
Stromlo 1 well, and Chevron’s continued activity
could see drilling underway in the GAB next year.
The PACE gas initiatives, Beach Energy’s stronger
gas production, and increased drilling activity
in the Cooper and Eromanga Basins by Santos,
Beach Energy, Senex and other companies adds
more positive news for the sector.
Energy security, reliability and affordability has
been a prominent concern of our members for
some time. The South Australian Government
announced a range of independent initiatives
for the state’s energy. The long-awaited Finkel
Review on the Future Security of the National
Electricity Market also offers some alternatives to
consider.
While there are positive initiatives, particularly
with respect to leadership shown from SACOME
on the Australian Competition and Consumer
Commission (ACCC) submission for collective
electricity supply negotiation, energy in South
Australia remains an area of concern for most
businesses.
As has been widely reported, several jurisdictions
in Australia have announced sweeping bans
or moratoria on gas development. Victoria
has stopped all onshore gas exploration and
development, and Tasmania along with New
South Wales have banned hydraulic fracturing.
With the state election in 2018, SACOME will
be focusing on the manifestos of the various
political parties and groupings in the coming
months. If the assessment and approval of
resource projects is left to regulators, supported
by sound regulatory systems, South Australia
can continue to be one of few jurisdictions in
the country where resource companies do not
have to factor in sovereign risk in exploration and
development investment decisions.
SACOME is well positioned to support its
members in this changing resources
environment and Council acknowledges the
efforts of its dedicated team. SACOME Council
appointed a new CEO, Rebecca Knol, in late 2016
who will prepare SACOME to respond to future
developments, which will continue to affect the
sector.
The SACOME Council is appreciative of members’
support and look forward to a continued longterm
relationship.
Terry Burgess
President
This year has been one of change for
South Australia’s peak mining and
energy association. Joining SACOME as
CEO has provided the opportunity to
reflect and refresh the organisation’s
strategic focus and create member
value.
SACOME’s fundamentals have not changed;
we influence policy, advocate on behalf of
our members and connect members with
opportunities to enhance resource projects and
attract investment.
Significant challenges throughout the year
have tested the resilience of the resources
sector – a rejection from the citizens’ jury on
a nuclear waste repository for SA, escalating
electricity prices, restricted domestic gas supply
and a severe storm that lead to disruptions to
electricity supply.
Some of the key challenges for the sector are
access to land and stakeholder engagement.
These require a collective response, with
success for our sector depending on effective
collaboration.
SACOME’s commitment to cross sector dialogue
during the historic review of the state’s mining
acts resulted in benefits to both the mining and
agricultural sectors.
SACOME’s response to the state’s energy crisis
provided leadership in establishing a multisectoral
power consortium. With representation
from resources, processing, food & wine,
manufacturing, agriculture, retail and education
sector, this consortium has the potential to put
downward pressure on wholesale electricity
pricing throughout SA.
Advocacy remains front and centre for
SACOME with a focus on State Economic
Development, Legislation & Regulation, Energy
and Infrastructure. SACOME has continued to
support commodity specific strategies, including
the Copper Strategy and Magnetite Strategy,
and will continue to advocate for growth of the
sector.
There is no shortage of imagination and
innovation in the resources sector and
through effective partnering SACOME hosted
an Innovation Summit and Futures Forum,
showcasing advances in the digital mine and
clustering space, exploring ways to reduce the
cost of compliance and expanding markets. We
continue to actively support Mining Equipment,
Technology and Services (METS) sector.
With the support of members and sponsors we
held many other outstanding events throughout
the year. These events were strategically placed
to drive debate around key sector issues to
shape policy and provide thought leadership
opportunity for our members.
The year ahead and the opportunities to be
leveraged are clear. SACOME commits to driving
robust policy positions to influence government
decisions, as well as looking around corners to
provide agile opportunities.
I would like to thank the SACOME Council and
all our staff for their support and commitment to
creating value for our members - driving positive
outcomes for South Australia.
Rebecca Knol
Chief Executive Officer
2 South Australian Chamber of Mines and Energy
Annual Report 2017 3

2016-17 HIGHLIGHTS
#1
ACCC authorisation to bulk buy power
According to Australian Energy Market Operator data in 2016-17, South Australia
had the most volatile and expensive wholesale electricity prices in Australia and
affordable long-term contracts were not available. SACOME received approval
from the ACCC for 22 companies to aggregate their load to improve bargaining
position and establish more cost competitive supply contracts; and potentially
apply downward pressure on wholesale electricity prices.
SACOME members are the largest contributors to copper and uranium
production in Australia
Copper
South Australia 31%
Queensland 28%
New South Wales 22%
Western Australia 19%*
Uranium
South Australia 73%
Northern Territory 27%
SA hosts 25% of the world’s uranium resources and 80% of Australia’s uranium
resources. 1
SAcome Together
Over 250 across sector representatives came together to celebrate SA’s ability to
collaborate to generate new investment, create jobs and encourage imagination
and innovation at SACOME’s annual gala. The event aimed to ensure SA’s future
prosperity remains front and centre.
The evening featured the presentation of the highly anticipated Premier’s
Community Excellence Awards in Mining & Energy. Congratulations are
extended to:
o Excellence in Supporting Communities - winner BHP Olympic Dam
o Excellence in Leadership (Women in Resources) - commendation to BHP
Olympic Dam
o Excellence in Social Inclusion - joint winners Iluka Resources and OZ Minerals/
Kokatha Aboriginal Corporation
SACOME raised nearly $5,000 through a Silent Auction held on the night, with
proceeds shared between two member not-for-profits: Nature Foundation SA
and Lifeline Adelaide.
Mining Acts review
In its submission, SACOME sought changes to the framework of the Mining Act,
to make it workable for miners and the SA community. Key recommendations
include:
o Modernisation of processes to improve operational efficiencies and make
clearer for all stakeholders
o Streamlining of the mining lease approvals process to make it more workable
for industry and transparent for stakeholders
o Improving access to land to ensure the process is efficient and affordable for
all parties
Dirt TV (2016)
Dirt TV is an innovative video competition for Year 7-12 students which entered
its fourth year in 2016. The competition engaged student groups who created
a video profiling what mining and energy means to them. Entries highlighted
various concepts within the resources sector including; economic growth,
employment opportunities, and consumer use of mining products.
Josh Langman from Westminster School won the $5,000 BHP Billiton Best Overall
Video, in addition to the $1,000 Heathgate Resources People’s Choice Award for
his video.
Winners
BHP Billiton Best Overall Entry
Josh Langman, Westminster School – Mining, but wait there’s more!
Heathgate Resources People’s Choice Award
Josh Langman, Westminster School – Mining, but wait there’s more!
Santos Best Director Award
Sebastian Deverson, St Johns Grammar – It’s our future
Best Writing Award
Alice McVann, Loreto College – Mining and Technology
Best Music Award
Jordan Miegel and Oliver Douglas, St Johns Grammar – Mining the music of life
Special Commendation (writing)
Liliana Carletti, Pedare Christian College – Thank you mining
Special Commendation (animation)
Daniel Simmonds, Salisbury East High School – What mining means for people
*Source: Department of Industry 2016CY figures
1 Source: Department of State Development
4 South Australian Chamber of Mines and Energy
Annual Report 2017
5

STRATEGY - 3 pillars
STRATEGY - 4 policy positions
SACOME positions itself front and centre on the issues that will not only deliver a
profitable and sustainable resources sector but drive growth and productivity to the
South Australian economy.
As a membership organisation, our role is to drive quality policy direction and high-level advocacy
to create value for the sector. Our industry members have a primary interest in the minerals, energy,
extractive, oil & gas and renewables sectors and inform this debate.
MEMBERS
We will help create value for each of our members and recognise the
importance of strengthening our relationships
o Building a broader and deeper understanding of members’ companies and
objectives to better service their needs
o Creating partnerships with our members to enable improved effectiveness
o Continually improving processes, services and communications with members
for optimal engagement
To deliver on our strategy, SACOME’s policy position focuses on four priority themes:
State Economic Development
Ensuring a pipeline of discoveries and projects to support a sustainable and
profitable resources sector, contributing to the SA economy
Energy
Energy reform requires a balanced approach to provide secure, reliable and
affordable energy for all, with greater access to oil and gas
POLICY
We will engage with all levels of government to support and enable future
growth of the resources industry
o Advocating for Government policies and legislation that promote the growth
and sustainability of the SA resources sector
o Working with Government to identify opportunities for Government
engagement in key multi-user infrastructure
o Assisting Government in assessing, identifying and proposing best practice
initiatives to attract investment
Infrastructure
Addressing bottlenecks to ‘open up’ the north and west of the state to
boost productivity throughout the SA economy
community
We will build support within the South Australian community for the
resources industry
o Improving awareness of the economic and social role played by the resources
sector through influencing community leaders and the media
o Increasing understanding of the role and benefits of mined minerals and
petroleum and these industries in SA amongst our youth
o Working to prevent and, where necessary, respond to misapprehensions and
misinformation about the resources sector
Legislation & Regulation
Influence the development of efficient, effective and transparent regulation
of the resources sector to promote investment
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South Australian Chamber of Mines and Energy
Annual Report 2017 7

POLICY – PRIORITY THEMES
State Economic Development
The resources sector in SA is an essential part of
the state’s economy. To harness SA’s prosperity,
government policy and regulation must
encourage further economic development
within the resources sector. State economic
development is underpinned by investments
within the resources sector, and provides
significant benefits to the state, including
a broader economic base and increased
employment opportunities.
The commodity specific strategies which have
been developed by the Department of Premier
and Cabinet provide the perfect setting to help
maximise opportunities from the state’s mineral
resources and encourage exploration in these
areas.
Copper & Magnetite strategy
The South Australian Copper Strategy was
launched in February 2016 and sets out a pathway
to harness the state’s rich copper endowment.
The strategy’s objectives are to triple production
from 300,000 to 1 million tonnes per annum
by 2030; and to make SA the nation’s leading
copper producer.
SACOME has been an active participant in
the Copper Strategy Implementation Team
throughout 2016-17, providing insight and
feedback to the application and enhancement of
the Copper Strategy in SA. Input was provided at
workshops as part of the creation of the Copper
Development Road Map, facilitated by the
Department of Premier and Cabinet in February,
as well as the Water for Resources workshop
in March. The inaugural ‘Copper to the World’
Conference in Adelaide brought together national
and international speakers and emphasised the
benefits of this commodity specific strategy as a
tool to enhance opportunities for our state.
SACOME has also been involved in the
development of SA’s Magnetite Strategy, and
provided a comprehensive and supportive
response to the Magnetite Strategy directions
paper. The directions paper provides a framework
for the development of a magnetite strategy in SA
to chart a course to achieve target production of 50
million tonnes of magnetite per annum by 2030.
The implementation of a long-term, sustainable
magnetite strategy could realise an estimated
14 billion tonnes of untapped wealth for all
South Australians through increased investment,
royalties, jobs, export trade, and further
development of key markets.
Moratoria
Moratoria, introduced by various
state governments and political
parties across Australia during
2016-17, has lead to uncertainty
and isolation of strategic
resources. Moratoria on the use
of hydraulic fracture stimulation
have been announced and
contradict the findings of various
parliamentary and independent
inquiries into fracking. These
inquires continue to conclude
that the use of hydraulic fracturing
is safe, when managed and
regulated according to global
industry standards.
The prospect of moratoria, which
prevents mineral and petroleum exploration
and production, introduces unnecessary risks
to developing resources in a jurisdiction. The
sovereign risk - as evidenced by international
surveys including the Fraser Institute - highlights
that poorly developed or sudden shifts in policy
or governance will lead to a loss of investment.
SACOME continues to advocate against any
unwarranted moratoria that may be introduced
in SA.
Nuclear Fuel Cycle Royal Commission
SACOME supported the findings of the
Nuclear Fuel Cycle Royal Commission and their
implementation, particularly the expansion of
uranium exploration and mining. The findings
continued discussion and business development
on the potential for SA to store spent nuclear
material.
The Royal Commission made twelve
recommendations based on the findings
of its 15-month investigation. The first five
recommendations referred to realising
opportunities and reducing the risks of
uranium mining and milling.
The Royal Commission also recommended that
there be further investment in precompetitive
data for uranium.
Other recommendations included the pursuit
of a high level nuclear waste facility and the
removal of Commonwealth nuclear prohibitions
for future involvement in the nuclear fuel cycle.
Public consultation was undertaken in a parallel
process on advancing a nuclear waste facility
with the consultation and response agency
‘Know Nuclear’ and the Citizens Jury. While
disappointed with the result of the citizens
jury, the broader community consultation
highlighted that there is merit in continuing the
discussion on the nuclear waste repository.
SACOME will continue to pursue dialogue through
thought leadership sessions, uranium seminars and
opinion pieces.
8
South Australian Chamber of Mines and Energy
Annual Report 2017 9

POLICY – PRIORITY THEMES
Energy
The National Electricity Market (NEM), particularly
the SA electricity market, is undergoing
transformational change.
Fossil-fuel synchronous generation is being
displaced by intermittent, non-synchronous
generation at both the utility scale and the
residential level. This change in generation mix
is challenging the designs built into the power
system and the regulatory framework in which
it operates.
These challenges are more acute in SA due to
the combination of its generation mix and the
geographical location to the rest of the NEM.
SA is expected to experience a sustained period
of high electricity prices and increased price
volatility.
Affordable energy
Having access to a competitive and reasonably
priced reliable supply of electricity is critical for
all businesses, but particularly so for high energy
use resource sector companies. It will directly
influence decisions concerning the scope of
ongoing business operations in SA during, and
potentially beyond the transformation change of
the energy system.
Australian Competition and Consumer
Commission (ACCC)
SACOME successfully achieved full authorisation
from the ACCC to establish a buyers group of
large SA electricity consumers to jointly procure
electricity.
An application on behalf of the group was first
lodged on 4 January 2017 seeking authorisation
to collectively seek offers from electricity
suppliers and negotiate long term contracts for
the supply of the combined electricity load.
The members of this group comprise of
companies in the mining, manufacturing,
agricultural, retail, tertiary education and food and
wine sectors. These companies operate in global
markets where they compete against businesses
that enjoy lower input costs. Electricity represents
a major input cost for these companies and they
require competitively priced and reliable
electricity.
The ACCC provided an interim authorisation on
13 April 2017 and the final determination on
the application on 17 May 2017. It is expected
that the combined electricity load of these
companies could be of sufficient scale to
encourage new generation to enter; or with
existing under-utilised generation to re-enter the
SA electricity generation market.
As a result, these companies should have access
to more competitive electricity pricing and
increased reliability which will have a positive
impact on the scope and sustainability of their
present and future operations in SA. Additionally,
the certainty of a firm load will enable electricity
suppliers to better manage their fuel source
portfolios which is likely to have a flow on effect
to all consumers due to increased competition in
the retail electricity market.
The ACCC Chairman, Rod Sims, said “This joint
tender has the potential to change wholesale
market dynamics by allowing generators to use
existing plants more efficiently, or encouraging
new entrants into South Australian electricity
generation. This could bring the benefits of
increased competition in the wholesale market for
electricity”.
A tender process will determine the most
competitive priced arrangement for the supply
of electricity for these members. A preferred
supplier will be selected with a new contract
start date from 1 January 2018.
Reliability and Security
Finkel Review
The Independent Review into the Future Security
of the National Electricity Market, chaired by
Dr Alan Finkel AO, was commissioned by the
Council of Australian Governments (COAG)
Energy Ministers in October 2016. The intention
was to review the current reliability and security
of the NEM, and provide advice on a coordinated
national reform blueprint.
SACOME submitted nine recommendations in
response to the Finkel Review. The Chamber’s
position is that the assessment of system security
and strength must evaluate future developments
on a technology neutral basis to provide tangible
solutions with appropriate powers to direct, if
poor system strength is identified.
The review identified low carbon generation as a
key metric to consider. SACOME noted that any
low carbon polices should strive to unify under a
single policy framework to avoid a fragmented
national system where market failures occur and
system strength is put at risk.
The final report was delivered in June 2017 to
COAG, recommending processes to increase
security and reliability, rewarding consumers and
lowering emissions. The recommendations were
built upon three pillars of an orderly transition,
full system planning and stronger governance.
SACOME recommendations were reflected
in the key pillars, particularly on technology
neutrality, stronger governance and assessment.
10
South Australian Chamber of Mines and Energy
Annual Report 2017 11

POLICY – PRIORITY THEMES
State Energy Plan
The SA Government released the ‘Our Energy
Plan’ in March 2017.
Components of the plan aligned with SACOME
recommendations to the Finkel Review into the
future security of the NEM, to improve security of
the electricity system.
This included the additional powers to direct the
market under certain circumstances and market
mechanisms to enhance energy security.
Moratorium is inconsistent with the strong
regulatory system, safety record and scientific
facts of gas exploration, development technology
and practices in SA.
SACOME supported the State Government’s
announcement of Plan for Accelerating
Exploration (PACE) funding to develop new gas
resources to supply the local energy market.
Climate Change
Government initiatives to address climate
change are characterised by a complex array
of policy instruments at the federal level, and
complicated by state and territory policies that
have created distortions in electricity markets,
leading to negative outcomes for price, reliability
and security.
SACOME’s submission to the Federal
Government’s review of climate change policies
emphasised the need for policies to be guided
by the following key principles:
o Market based
o Trade competitive
o Simple and efficient
o Effective in reducing emissions
o Technology neutral
o Broad based
o Complement energy policies
A national framework is critical to ensure policies
at all levels of government are assessed against a
criterion that ensures competitive price, security
and reliability, in addressing agreed national
emissions reduction.
Infrastructure
SACOME’s priority is to identify the capacity
needs of freight, ports, electricity, water and
gas, to understand the required infrastructure
development to secure the future of SA’s
resources sector. Access routes to global markets
that are affordable and efficient are essential
for SA resource projects to be competitive in a
globalised market.
There is a critical need to address bottlenecks to
open the north and west of the state - boosting
productivity throughout the economy.
Sealing the Strzelecki ($450m), improved
freight corridor at Port Augusta ($235m), and
transmission upgrading (up to $550m) to
support new resources development on the
Eyre Peninsula are top of the list of priority
infrastructure needs for the industry.
SACOME continues to advocate for investment
in business case development to deliver shovel
ready projects and leverage industry infrastructure
requirements to support the wider SA economy and
community.
SACOME will continue to support government
initiatives and policies that deliver secure and
competitively priced electricity.
Access to gas
SACOME opposes any moratorium on gas
exploration or development in the state. Gas is a
crucial part of the energy mix and to implement
moratoria on known resources of gas is likely to
lead to higher energy prices in SA.
12
South Australian Chamber of Mines and Energy
Annual Report 2017 13

POLICY – PRIORITY THEMES
POLICY – submissions
Legislation & Regulation
SACOME continues to proactively influence
the development of efficient, effective and
transparent regulation of the resources sector.
A regulatory framework that streamlines
assessment and approvals of projects, while
ensuring social and environmental benefit, is
essential to making SA a jurisdiction of choice for
resources activity and investment.
It is important that the SA regulatory framework
for the resources sector is predictable and
transparent to attract investment in the state.
Such a framework is essential for potential
greenfields exploration programs, which
are high-risk processes that rely on quality
geophysical data and best-practice regulation.
Access to land in a timely manner is also required
to allow these greenfields exploration programs
to undertake the necessary work required to
investigate prospective targets.
Mining Acts Review
A major review of South Australia’s Mining
Acts has commenced and is an opportunity to
modernise and enhance the risk-based approach
to mining regulation in the state. SACOME’s
recommendations to the review are key to
facilitating economic development of the state’s
mineral resources, and commit to initiatives that
encourage multiple and sequential land use.
SACOME is committed to working collaboratively
with other sectors to ensure that mining and
other land uses can sustainably co-exist.
priority to realise the benefits of the mining
industry for all South Australians, and any
amendments to the Act must reflect this priority.
Following on from SACOME’s submission, the
Chamber continues to engage with the Department
of Premier and Cabinet on the proposed changes to
the legislation.
Amendments to the Aboriginal Heritage Act
Since a review in 2008, SACOME has been
advocating for changes to the Aboriginal Heritage
Act 1988 (SA) that complement the Native Title
system.
This is to make certain no additional regulatory
burden is placed on resource development
approvals. The amendments provide improved
activity efficiencies for the resources industry.
Leading Practice
Mining Acts Review
Mining Act 1971
Independent Review
into the Future Security
of the NEM
(Finkel Review)
AEMC System Security
Market Frameworks
Review
State Energy Security
Target draft Regulations
Essential Services
Commission of SA
inquiry into the licensing
arrangements for
generators in SA
Australian Energy
Market Commission
(AEMC) System Security
Market Frameworks
Review
Federal Government
Review of Climate
Change Policies
Simplify Day 2017
Magnetite Strategy
Directions Paper
South Australian Energy
Transformation - RIT-T:
Project Specification
Consultation Report
Aboriginal Heritage
Regulations 2016 and
Guidelines
Native Vegetation
Regulations 2016
Review of the State
Natural Resources
Management Plan
(NRM)
Draft management
plans for SA parks
and reserves
The changes proposed by SACOME provide
tools for the transparent regulation of the Act,
allowing greater transparency for stakeholders.
These changes would align SA’s Mining Act with
other jurisdictions nationally and internationally.
SACOME supports SA Government’s strategic
Senate Environment and Communications Reference
Committee Inquiry into the Rehabilitation of Mining
and Resources Projects, as it relates to Commonwealth
Responsibilities
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South Australian Chamber of Mines and Energy
Annual Report 2017 15

COMMUNITY – CONVERSATIONS
SACOME has continued to provide informative, engaging, collaborative and relevant
events for members throughout the year.
SAcome Together Annual Gala
The SAcome Together Annual Gala was held
on 26 May at the Hilton Adelaide. The event
celebrated SA’s ability to collaborate across sectors
to generate new investment, create jobs and
encourage imagination and innovation – ensuring
our state’s future prosperity remains front and
centre. The gala brought together hundreds
of attendees to celebrate industry successes as
well as the winners of the Premier’s Community
Excellence Awards in Mining & Energy, which
was announced during the evening.
This event was sponsored by:
Dirt TV
Dirt TV is a video competition for SA students
in years 7-12 that focused on what mining
and energy means to them. The competition
encourages students to research the facts
and value of the resources sector, including
environmental, uses of mined products,
importance of the sector in SA and how the
sector impacts their everyday lives. Student’s
learnings are shared widely through the
People’s Choice Award, which requires voting by
members of the public.
In 2016, children across several schools in SA
entered the competition. The competition
culminated in a red-carpet Awards Ceremony in
October 2016 at the Adelaide Oval.
This event was sponsored by:
L-R: Sebastian Deverson, St Johns Grammar, Santos
Best Director Award; Alice McVann, Loreto College,
Best Writing Award; Josh Langman, Westminster
School, BHP Billiton Best Overall Entry and Heathgate
Resources People’s Choice Award and Jordan Miegel, St
Johns Grammar, joint winner of Best Music Award.
Women in Resources SA
SACOME continued to support women
through the Women in Resources SA (WinRSA)
Committee by hosting the prestigious Women in
Resources National Awards in September 2016.
With seven states represented, the ceremony
recognised and celebrated the contribution
and achievement of women in the resources
sector. WinRSA also jointly ran a successful
mentoring program with WIMnetSA, providing
opportunities for female mentees to connect
with experienced individuals to provide
professional and personal development support
and advice.
The National Awards were sponsored by:
Exceptional Young Woman in Australian
Resources Award Winner: Jasmine Richards
(Senior Environmental Advisor, OZ Minerals SA).
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South Australian Chamber of Mines and Energy
Annual Report 2017 17

COMMUNITY – CONVERSATIONS
SA Mines Emergency Response Competition
SACOME hosted two South Australian Mines
Emergency Response Competitions (SAMERC)
this reporting year. In its 8th successful year, the
competition promotes and improves resource
sector workplace safety skills as well as building
relationships.
Winners 2016 2017
Overall winner Challenger Gold Mine BHP Billiton Olympic Dam 1
Theory Challenger Gold Mine Challenger Gold Mine
First Aid BHP Billiton Olympic Dam BHP Billiton Olympic Dam 1
Firefighting BHP Billiton Olympic Dam BHP Billiton Olympic Dam 2
Vertical/rope rescue OZ Minerals Prominent Hill BHP Billiton Olympic Dam 1
Industrial rescue Challenger Gold Mine Newcrest Mining Cadia Valley
Team skills OZ Minerals Prominent Hill BHP Billiton Olympic Dam 1
Breathing apparatus OZ Minerals Prominent Hill BHP Billiton Olympic Dam 1
Confined space search Challenger Gold Mine BHP Billiton Olympic Dam 1
and rescue
Road crash rescue BHP Billiton Olympic Dam Challenger Gold Mine
Best Team Captain Challenger Gold Mine - BHP Billiton Olympic Dam 1 -
Daniel O’Reilly
Ben Treagus
2016 Sponsors 2017 Sponsors
The 2016 competition was held at the CFS State
Training Centre and Brukunga Mine Site in the
Adelaide Hills. The 2017 competition travelled
to BHP’s Olympic Dam. The high adrenaline
competition tested ‘team work’ in the most
realistic circumstances possible.
Thought Leadership Series
SACOME launched its Thought Leadership Series
in 2017 to leverage national and international
thought leader experience. These events are
hosted by member companies and provide
fertile learning ground for members only;
providing an opportunity to explore ideas and
keep abreast of technological advancements.
World class leaders in their field who have
presented this year were: John Jung, CEO
Greensmith Energy, Bob Jensen, crisis and
risk management leader who investigated
the Deepwater Horizon oil spill tragedy,
Professor Mike Young, research chair in Water
and Environmental Policy at the University
of Adelaide, and Jessica Lovering, Director of
Energy, Breakthrough Institute.
Lunch Series
SACOME’s lunch events over the 2016-17 period
attracted record attendance with high profile
speakers including the Hon. Tom Koutsantonis,
Minister for Mineral Resources and Energy,
and Jacqui McGill, Asset President - Olympic
Dam, BHP.
Breakfast Series
Our Breakfast Series continued with
opportunities for our members to profile projects
and developments. Lincoln Minerals, Minotaur
Exploration, Terramin Australia, Investigator
Resources, Heathgate Resources and Finlaysons
shared insights to participants.
Future Forum
The Minerals & Energy Services Future Forum
was attended by over 250 participants, hearing
from 4 keynote speakers and 16 expert panel
members. The forum was the platform for the
announcement of the Department of State
Development’s South Australian Minerals and
Energy Services Strategy, which discussed
opportunities and challenges for the sector in
SA and provided a framework to address and
action recommendations. Keynotes and panel
members shared ideas, generated discussion
and built knowledge across the sector in the
areas of collaboration, expanding markets, digital
mines and compliance.
Risk & Opportunity Symposium
The Risk and Opportunity Symposium provided
attendees with the opportunity to drive the
debate around the creation of mindful safety
cultures.
The symposium brought together a diverse
group of speakers from industry, academia and
emergency services to share their perspectives
and insightful learnings in the areas of risk
management, operational excellence and safety
in mining.
SA Exploration & Mining Conference
For the 16th year SACOME hosted the South
Australian Exploration and Mining Conference – a
premier event in the SA mining industry calendar.
The single day conference attracted over 600
delegates who heard 22 keynote presentations
on exploration and mining projects in SA. The
event also provided extensive networking
opportunities for all attendees, concluding with
the popular post-conference networking.
GMUSG
SACOME collaborated with Global Maintenance
Upper Spencer Gulf (GMUSG) to present the
12th GMUSG Conference and Trade Expo at Port
Pirie. As always, the conference was a success
with hundreds of industry delegates coming
together to enjoy an informative, sector relevant
two-day program.
18
South Australian Chamber of Mines and Energy
Annual Report 2017 19

JOIN THE SACOME COMMUNITY
MEMBERS
Member-only benefits
2016-17 SPONSORS
Creating membership value is at the core of
SACOME’s business and we are committed
to continually improve member-only
benefits.
Part of
resources and
energy
community
ENGAGE
Stay ‘Front & Centre’ with access
to agile, timely communication
that brings important industry
news direct to your inbox
through eAlerts & eNews
SELECT
As a SACOME member
you are part of a select group
gaining exclusive access to
industry specific events &
activities, such as thought
leadership series, breakfasts,
networking functions &
committees
MAXIMISE
ADVOCACY
CREATING
VALUE FOR
SACOME
MEMBERS
Opportunity to enhance your
company brand, activities &
reputation by accessing our
broad digital media platforms for
communications. Collectively we can
increase our share of voice when we
celebrate the successes of
each other
Our members provide a
powerhouse of experience &
intellect, to leverage outcomes
that shape South Australia’s
resources & energy future.
SACOME lobby on behalf of our
members on issues that
are important to them
COLLABORATE
Success of our sector is dependent
on collaboration. SACOME provide
opportunities for cross sector conversations
which encourage imagination & innovation
for the future. Specifically, our committees
enable members to discuss & debate issues,
engage with policy experts & influence
government decision-making through a
united voice
OFFERS
As a member, you will receive
preferential access to SACOME
hosted events & activities,
media monitoring, partner
events, business campaigns &
sponsorship
$
Partnership with service members is an important component of SACOME’s membership portfolio, as
these companies provide invaluable services to the resources supply chain.
Underpinning www.sacome.org.au our success South Australian is the relationships Chamber of Mines & Energy we have with @Mining_EnergySA government. This South focus Australian ensures Chamber of SACOME’s
Mines & Energy
ongoing relevance to members in the next decade and beyond.
As a member, you have a unique opportunity to invest further in SACOME as an annual or event specific
sponsor.
SACOME sponsorship is a memberonly
opportunity that enables
strategic engagement across the
resource sector.
Sponsorship provides smart brand positioning
aligning your company to SA’s peak body for
the resources sector.
During 2017, SACOME welcomed new sponsor
Heathgate Resources at the Premier sponsor level.
This highest-level sponsorship is an endorsement
of the great work we do, further supporting
SACOME to deliver crucial policy objectives.
Appreciation is also extended to our event
sponsors for enabling our important sector
development conversations to continue.
PREMIER Sponsors
Thank you to our 2016-17 sponsors for their
significant contribution and support of the state’s
resources sector:
o Premier sponsors: BHP, Heathgate, Department
of Premier and Cabinet
o Diamond sponsors: OZ Minerals, Bureau Veritas
o Platinum sponsors: Viva Energy, Iron Road
o Gold sponsors: Finlaysons, PWC, Electranet
o Silver sponsor: BP Developments
o Copper sponsor: Exact Mining Services
o Graphite sponsors: Alexander Symonds, Lincoln
Minerals and Hillgrove Resources
BHP’s Olympic Dam is one of the world’s largest ore bodies with significant
deposits of copper, gold, uranium and silver. Employing more than 3,000
people, the scale of the Olympic Dam orebody means it is a cornerstone of
the resource industry and a generational resource for SA. In FY16, Olympic
Dam produced 203 kilotonnes of copper cathode – the highest level of
production since 2006 – and the operation is currently in an exciting period of
sustainable growth. Through significant investment in infrastructure and with
a move into the high-grade Southern Mine Area, the Olympic Dam operation
will underpin jobs and economic development in SA into the future.
Heathgate is an innovative mining and exploration company, operating
the uranium mines in and around Beverley in the northern Flinders Ranges.
Heathgate is proud of its 20-year association with SACOME and its 27 years
of continued investment in the SA mining industry. Heathgate provides jobs
and training opportunities for over 220 people at Beverley and Adelaide
locations and actively works to provide employment opportunities to the
Adnyamathanha aboriginal community.
The Mineral Resources and Energy Resources Divisions of the Department for
the Premier and Cabinet are committed to the responsible development of the
state’s mineral and energy resource wealth to benefit all South Australians. The
Divisions drive forward growth and sustainable development of SA’s resource
assets by operating in an internationally respected regulatory framework,
providing highly regarded geoscience initiatives (PACE) and delivering first
class pre-competitive geoscientific information and data through the worldleading
digital platform SARIG.
20
South Australian Chamber of Mines and Energy
Annual Report 2017 21

2016-17 SPONSORS
DIAMOND Sponsors
SILVER Sponsors
PLATINUM Sponsors
GOLD Sponsors
OZ Minerals is a copper-focused company based in SA. Listed on the Australian Securities
Exchange (ASX100), it has a growth strategy focused on creating value for all stakeholders.
OZ Minerals owns and operates the copper-gold-silver mine at Prominent Hill and is
developing one of Australia’s largest copper-gold resources at Carrapateena. The company
also has a pipeline of eight early stage earn-in agreements with experienced exploration
companies. It has a healthy cash balance and no debt.
Bureau Veritas Minerals has a long history of providing high quality laboratory services to
exploration and mining companies. As industry leaders in testing, inspection & certification,
Bureau Veritas Minerals has extensive operations throughout Australia providing superior
one-stop-shop solutions for a wide range of resources and commodities. Their extensive
range of services includes geoanalytical testwork, mineral processing, metallurgy, mineralogy,
coal testing, petroleum & gas testing, oil condition monitoring and more.
Iron Road’s vision is to become a trusted and reliable supplier of premium iron concentrates
to the Asian marketplace. The flagship project in achieving this vision is the Central Eyre Iron
Project (CEIP) in South Australia. CEIP is a large scale development expected to produce
24Mtpa of premium iron concentrate from the integrated mine, rail and port operations. Ore
Reserves top 3.7 billion tonnes, providing for over 25 years of production.
Viva Energy Australia’s mission is to keep local industry moving with quality fuels, chemicals,
marine products and bitumen. Viva Energy is the exclusive Shell Lubricants Macro Distributor
in Australia and Shell Licensee at Shell retail fuel stations. They are Dependable, Energetic
and Committed with plans to invest $1 billion over the next five years, Viva Energy Australia
are committed to building Australia’s energy future.
Finlaysons Lawyers is a long-term partner of SACOME and a leading full service commercial law
firm. With its head office in Adelaide, Finlaysons has nationally-recognised Resources, Energy,
Native Title and Environment teams with in-depth and specialist experience in advising the
minerals and energy sector, and strong networks across industry and government. Finlaysons
provides commercial, practical and sustainable solutions to legal and regulatory issues faced by
the sector throughout exploration, development, project approvals, financing and production.
PwC are long-time supporters of SACOME whose purpose is to build trust in society and solve
important problems. PwC are a network of firms in 157 countries with more than 223,000
people who are committed to delivering quality in assurance, advisory and tax services. PwC
is one of Australia’s leading professional services firms, bringing the power of their global
network of firms to help Australian businesses, not-for-profit organisations and governments
assess their performance and improve the way they work.
COPPER Sponsor
GRAPHITE Sponsors
BP Australia is engaged in the exploration, production and development of oil, natural gas
and liquefied natural gas; and the refining, transportation and marketing of petroleum and
lubricant products.
Exact Mining Services is a leading Mining and Civil Earthworks Contractor working
predominantly in SA but also nationally. Exact Mining Services is based in Adelaide and
currently provides contract services to major mining projects in the SA such as BHP Olympic
Dam, Iluka Resources at Jacinth Ambrosia, Arrium Mining at Whyalla, WPG Resources at
Tarcoola and CU River Mining at Cairn Hill near Coober Pedy.
Alexander Symonds is one of SA’s leading surveying firms and has been a long-standing
partner of the state’s mining and energy sector. Based in Kent Town and celebrating its 85th
anniversary in 2017, the company has provided its cutting-edge surveying services to a host
of SA resources projects over the years, from mine sites and wind farms to oil pipelines and
gas plants.
Lincoln Minerals assisted SACOME to develop the first ever Indiginous Land Use Agreement
and is a committed SA exploration company undergoing the difficult transition from
explorer to graphite miner. Lincoln has a Mineral Lease 35km north of Port Lincoln on Eyre
Peninsula and is working towards developing a world class graphite mine and processing
plant in Australia’s premier graphite province.
Hillgrove Resources Limited is an Australian mining company listed on the ASX focused on
developing its flagship Kanmantoo Copper Mine and associated regional exploration targets,
located less than 55km from Adelaide in South Australia. Hillgrove employs approximately
245 employees and contractors and is presently mining at the rate of approximately 20
million tonnes per annum and produces up to 20,000 tonnes of copper per annum. Annual
export earnings are in a range of $140 million to $170 million.
ElectraNet powers people’s lives by delivering safe, affordable and reliable solutions to
power homes, businesses and the economy. A critical part of the electricity supply chain,
their transmission network safely transports electricity over long distances to metropolitan,
regional and remote areas. ElectraNet specialise in asset, project and contract management
and their clients include power generators, South Australia’s electricity distributor, SA Power
Networks, and large directly-connected clients.
22
South Australian Chamber of Mines and Energy
Annual Report 2017 23

www.sacome.org.au