SACOME 2016-17
South Australian Chamber of Mines and Energy 2017 Annual Report
South Australian Chamber of Mines and Energy 2017 Annual Report
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CONTENTS<br />
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The South Australian Chamber of Mines and Energy (<strong>SACOME</strong>) is the peak industry<br />
body representing companies with interests in the minerals, energy, extractive, oil<br />
& gas and renewables sector in South Australia (SA); including those who provide<br />
services to them.<br />
A not-for-profit, non-government organisation;<br />
<strong>SACOME</strong> facilitates opportunity, drives debate,<br />
brings stakeholders together and advocates<br />
for change to generate new investment, create<br />
jobs and encourage imagination and innovation<br />
– ensuring our state’s future prosperity remains<br />
front and centre.<br />
<strong>SACOME</strong> acknowledges the Councillors, who<br />
have volunteered their expertise and time<br />
during the <strong>2016</strong>/<strong>17</strong> year, including departing<br />
Councillors Alison Snel – Flinders Port Holdings<br />
and Jonathon Glew – Gypsum Resources.<br />
PRESIDENT’S REPORT 2<br />
CEO’S MESSAGE 3<br />
<strong>2016</strong>-<strong>17</strong> <strong>2016</strong>/<strong>17</strong> HIGHLIGHTS 4<br />
STRATEGY 6<br />
POLICY – PRIORITY THEMES 8<br />
POLICY – SUBMISSIONS – SUBMISSIONS 15 14<br />
COMMUNITY –– DIRT CONVERSATIONS TV 16 15<br />
MEMBERS COMMUNITY EVENTS 20 16<br />
<strong>2016</strong>-<strong>17</strong> EVENTS SPONSORS 21 <strong>17</strong><br />
MEMBERS 18<br />
<strong>2016</strong>/<strong>17</strong> SPONSORS 19<br />
FINANCIALS 22<br />
<strong>SACOME</strong> Councillors left to right: Andrew Stocks - Iron Road, Mike Flynn, Andrew Dyda - Finlaysons, Wendy Roxbee -<br />
Senex, Andrew Cole - OZ Minerals, Kymberly Sinclair - Gypsum Resources, Vicki Brown, Rob Malinauskas - Santos,<br />
Terry Burgess - <strong>SACOME</strong> President, Greg Hall - Rex Minerals & <strong>SACOME</strong> Vice President, Mark Dayman - Fyfe,<br />
Stewart Lammin - Flinders Port Holdings, Jacqui McGill - BHP & <strong>SACOME</strong> Vice President, Rebecca Knol - <strong>SACOME</strong> CEO,<br />
Chris Jamieson - Beach Energy, George McKenzie, Alice McCleary - Archer Exploration.<br />
Annual Report 20<strong>17</strong>
president’s report<br />
CEO’s message<br />
The past year has continued to be<br />
challenging for our members, however<br />
there are some signs of an upturn,<br />
particularly for the mining sector.<br />
This year has seen the approval of Iron<br />
Road’s Central Eyre Iron Project Mining<br />
Lease and Development Application, Iluka is<br />
recommencing operations at Jacinth-Ambrosia<br />
Mine, OZ Minerals submitted its Mining Lease<br />
application for Carrapateena, BHP is developing<br />
the Southern Mine Area at Olympic Dam<br />
and Hillgrove is considering underground<br />
development at Kanmantoo.<br />
There has also been exploration activity with<br />
companies such as BHP, Minotaur Exploration<br />
and Archer Exploration.<br />
In the oil and gas sector, the decision by BP not<br />
to drill in the Great Australian Bight (GAB) was<br />
disappointing, but recent developments with<br />
Statoil taking over two of the leases, including the<br />
Stromlo 1 well, and Chevron’s continued activity<br />
could see drilling underway in the GAB next year.<br />
The PACE gas initiatives, Beach Energy’s stronger<br />
gas production, and increased drilling activity<br />
in the Cooper and Eromanga Basins by Santos,<br />
Beach Energy, Senex and other companies adds<br />
more positive news for the sector.<br />
Energy security, reliability and affordability has<br />
been a prominent concern of our members for<br />
some time. The South Australian Government<br />
announced a range of independent initiatives<br />
for the state’s energy. The long-awaited Finkel<br />
Review on the Future Security of the National<br />
Electricity Market also offers some alternatives to<br />
consider.<br />
While there are positive initiatives, particularly<br />
with respect to leadership shown from <strong>SACOME</strong><br />
on the Australian Competition and Consumer<br />
Commission (ACCC) submission for collective<br />
electricity supply negotiation, energy in South<br />
Australia remains an area of concern for most<br />
businesses.<br />
As has been widely reported, several jurisdictions<br />
in Australia have announced sweeping bans<br />
or moratoria on gas development. Victoria<br />
has stopped all onshore gas exploration and<br />
development, and Tasmania along with New<br />
South Wales have banned hydraulic fracturing.<br />
With the state election in 2018, <strong>SACOME</strong> will<br />
be focusing on the manifestos of the various<br />
political parties and groupings in the coming<br />
months. If the assessment and approval of<br />
resource projects is left to regulators, supported<br />
by sound regulatory systems, South Australia<br />
can continue to be one of few jurisdictions in<br />
the country where resource companies do not<br />
have to factor in sovereign risk in exploration and<br />
development investment decisions.<br />
<strong>SACOME</strong> is well positioned to support its<br />
members in this changing resources<br />
environment and Council acknowledges the<br />
efforts of its dedicated team. <strong>SACOME</strong> Council<br />
appointed a new CEO, Rebecca Knol, in late <strong>2016</strong><br />
who will prepare <strong>SACOME</strong> to respond to future<br />
developments, which will continue to affect the<br />
sector.<br />
The <strong>SACOME</strong> Council is appreciative of members’<br />
support and look forward to a continued longterm<br />
relationship.<br />
Terry Burgess<br />
President<br />
This year has been one of change for<br />
South Australia’s peak mining and<br />
energy association. Joining <strong>SACOME</strong> as<br />
CEO has provided the opportunity to<br />
reflect and refresh the organisation’s<br />
strategic focus and create member<br />
value.<br />
<strong>SACOME</strong>’s fundamentals have not changed;<br />
we influence policy, advocate on behalf of<br />
our members and connect members with<br />
opportunities to enhance resource projects and<br />
attract investment.<br />
Significant challenges throughout the year<br />
have tested the resilience of the resources<br />
sector – a rejection from the citizens’ jury on<br />
a nuclear waste repository for SA, escalating<br />
electricity prices, restricted domestic gas supply<br />
and a severe storm that lead to disruptions to<br />
electricity supply.<br />
Some of the key challenges for the sector are<br />
access to land and stakeholder engagement.<br />
These require a collective response, with<br />
success for our sector depending on effective<br />
collaboration.<br />
<strong>SACOME</strong>’s commitment to cross sector dialogue<br />
during the historic review of the state’s mining<br />
acts resulted in benefits to both the mining and<br />
agricultural sectors.<br />
<strong>SACOME</strong>’s response to the state’s energy crisis<br />
provided leadership in establishing a multisectoral<br />
power consortium. With representation<br />
from resources, processing, food & wine,<br />
manufacturing, agriculture, retail and education<br />
sector, this consortium has the potential to put<br />
downward pressure on wholesale electricity<br />
pricing throughout SA.<br />
Advocacy remains front and centre for<br />
<strong>SACOME</strong> with a focus on State Economic<br />
Development, Legislation & Regulation, Energy<br />
and Infrastructure. <strong>SACOME</strong> has continued to<br />
support commodity specific strategies, including<br />
the Copper Strategy and Magnetite Strategy,<br />
and will continue to advocate for growth of the<br />
sector.<br />
There is no shortage of imagination and<br />
innovation in the resources sector and<br />
through effective partnering <strong>SACOME</strong> hosted<br />
an Innovation Summit and Futures Forum,<br />
showcasing advances in the digital mine and<br />
clustering space, exploring ways to reduce the<br />
cost of compliance and expanding markets. We<br />
continue to actively support Mining Equipment,<br />
Technology and Services (METS) sector.<br />
With the support of members and sponsors we<br />
held many other outstanding events throughout<br />
the year. These events were strategically placed<br />
to drive debate around key sector issues to<br />
shape policy and provide thought leadership<br />
opportunity for our members.<br />
The year ahead and the opportunities to be<br />
leveraged are clear. <strong>SACOME</strong> commits to driving<br />
robust policy positions to influence government<br />
decisions, as well as looking around corners to<br />
provide agile opportunities.<br />
I would like to thank the <strong>SACOME</strong> Council and<br />
all our staff for their support and commitment to<br />
creating value for our members - driving positive<br />
outcomes for South Australia.<br />
Rebecca Knol<br />
Chief Executive Officer<br />
2 South Australian Chamber of Mines and Energy<br />
Annual Report 20<strong>17</strong> 3
<strong>2016</strong>-<strong>17</strong> HIGHLIGHTS<br />
#1<br />
ACCC authorisation to bulk buy power<br />
According to Australian Energy Market Operator data in <strong>2016</strong>-<strong>17</strong>, South Australia<br />
had the most volatile and expensive wholesale electricity prices in Australia and<br />
affordable long-term contracts were not available. <strong>SACOME</strong> received approval<br />
from the ACCC for 22 companies to aggregate their load to improve bargaining<br />
position and establish more cost competitive supply contracts; and potentially<br />
apply downward pressure on wholesale electricity prices.<br />
<strong>SACOME</strong> members are the largest contributors to copper and uranium<br />
production in Australia<br />
Copper<br />
South Australia 31%<br />
Queensland 28%<br />
New South Wales 22%<br />
Western Australia 19%*<br />
Uranium<br />
South Australia 73%<br />
Northern Territory 27%<br />
SA hosts 25% of the world’s uranium resources and 80% of Australia’s uranium<br />
resources. 1<br />
SAcome Together<br />
Over 250 across sector representatives came together to celebrate SA’s ability to<br />
collaborate to generate new investment, create jobs and encourage imagination<br />
and innovation at <strong>SACOME</strong>’s annual gala. The event aimed to ensure SA’s future<br />
prosperity remains front and centre.<br />
The evening featured the presentation of the highly anticipated Premier’s<br />
Community Excellence Awards in Mining & Energy. Congratulations are<br />
extended to:<br />
o Excellence in Supporting Communities - winner BHP Olympic Dam<br />
o Excellence in Leadership (Women in Resources) - commendation to BHP<br />
Olympic Dam<br />
o Excellence in Social Inclusion - joint winners Iluka Resources and OZ Minerals/<br />
Kokatha Aboriginal Corporation<br />
<strong>SACOME</strong> raised nearly $5,000 through a Silent Auction held on the night, with<br />
proceeds shared between two member not-for-profits: Nature Foundation SA<br />
and Lifeline Adelaide.<br />
Mining Acts review<br />
In its submission, <strong>SACOME</strong> sought changes to the framework of the Mining Act,<br />
to make it workable for miners and the SA community. Key recommendations<br />
include:<br />
o Modernisation of processes to improve operational efficiencies and make<br />
clearer for all stakeholders<br />
o Streamlining of the mining lease approvals process to make it more workable<br />
for industry and transparent for stakeholders<br />
o Improving access to land to ensure the process is efficient and affordable for<br />
all parties<br />
Dirt TV (<strong>2016</strong>)<br />
Dirt TV is an innovative video competition for Year 7-12 students which entered<br />
its fourth year in <strong>2016</strong>. The competition engaged student groups who created<br />
a video profiling what mining and energy means to them. Entries highlighted<br />
various concepts within the resources sector including; economic growth,<br />
employment opportunities, and consumer use of mining products.<br />
Josh Langman from Westminster School won the $5,000 BHP Billiton Best Overall<br />
Video, in addition to the $1,000 Heathgate Resources People’s Choice Award for<br />
his video.<br />
Winners<br />
BHP Billiton Best Overall Entry<br />
Josh Langman, Westminster School – Mining, but wait there’s more!<br />
Heathgate Resources People’s Choice Award<br />
Josh Langman, Westminster School – Mining, but wait there’s more!<br />
Santos Best Director Award<br />
Sebastian Deverson, St Johns Grammar – It’s our future<br />
Best Writing Award<br />
Alice McVann, Loreto College – Mining and Technology<br />
Best Music Award<br />
Jordan Miegel and Oliver Douglas, St Johns Grammar – Mining the music of life<br />
Special Commendation (writing)<br />
Liliana Carletti, Pedare Christian College – Thank you mining<br />
Special Commendation (animation)<br />
Daniel Simmonds, Salisbury East High School – What mining means for people<br />
*Source: Department of Industry <strong>2016</strong>CY figures<br />
1 Source: Department of State Development<br />
4 South Australian Chamber of Mines and Energy<br />
Annual Report 20<strong>17</strong><br />
5
STRATEGY - 3 pillars<br />
STRATEGY - 4 policy positions<br />
<strong>SACOME</strong> positions itself front and centre on the issues that will not only deliver a<br />
profitable and sustainable resources sector but drive growth and productivity to the<br />
South Australian economy.<br />
As a membership organisation, our role is to drive quality policy direction and high-level advocacy<br />
to create value for the sector. Our industry members have a primary interest in the minerals, energy,<br />
extractive, oil & gas and renewables sectors and inform this debate.<br />
MEMBERS<br />
We will help create value for each of our members and recognise the<br />
importance of strengthening our relationships<br />
o Building a broader and deeper understanding of members’ companies and<br />
objectives to better service their needs<br />
o Creating partnerships with our members to enable improved effectiveness<br />
o Continually improving processes, services and communications with members<br />
for optimal engagement<br />
To deliver on our strategy, <strong>SACOME</strong>’s policy position focuses on four priority themes:<br />
State Economic Development<br />
Ensuring a pipeline of discoveries and projects to support a sustainable and<br />
profitable resources sector, contributing to the SA economy<br />
Energy<br />
Energy reform requires a balanced approach to provide secure, reliable and<br />
affordable energy for all, with greater access to oil and gas<br />
POLICY<br />
We will engage with all levels of government to support and enable future<br />
growth of the resources industry<br />
o Advocating for Government policies and legislation that promote the growth<br />
and sustainability of the SA resources sector<br />
o Working with Government to identify opportunities for Government<br />
engagement in key multi-user infrastructure<br />
o Assisting Government in assessing, identifying and proposing best practice<br />
initiatives to attract investment<br />
Infrastructure<br />
Addressing bottlenecks to ‘open up’ the north and west of the state to<br />
boost productivity throughout the SA economy<br />
community<br />
We will build support within the South Australian community for the<br />
resources industry<br />
o Improving awareness of the economic and social role played by the resources<br />
sector through influencing community leaders and the media<br />
o Increasing understanding of the role and benefits of mined minerals and<br />
petroleum and these industries in SA amongst our youth<br />
o Working to prevent and, where necessary, respond to misapprehensions and<br />
misinformation about the resources sector<br />
Legislation & Regulation<br />
Influence the development of efficient, effective and transparent regulation<br />
of the resources sector to promote investment<br />
6<br />
South Australian Chamber of Mines and Energy<br />
Annual Report 20<strong>17</strong> 7
POLICY – PRIORITY THEMES<br />
State Economic Development<br />
The resources sector in SA is an essential part of<br />
the state’s economy. To harness SA’s prosperity,<br />
government policy and regulation must<br />
encourage further economic development<br />
within the resources sector. State economic<br />
development is underpinned by investments<br />
within the resources sector, and provides<br />
significant benefits to the state, including<br />
a broader economic base and increased<br />
employment opportunities.<br />
The commodity specific strategies which have<br />
been developed by the Department of Premier<br />
and Cabinet provide the perfect setting to help<br />
maximise opportunities from the state’s mineral<br />
resources and encourage exploration in these<br />
areas.<br />
Copper & Magnetite strategy<br />
The South Australian Copper Strategy was<br />
launched in February <strong>2016</strong> and sets out a pathway<br />
to harness the state’s rich copper endowment.<br />
The strategy’s objectives are to triple production<br />
from 300,000 to 1 million tonnes per annum<br />
by 2030; and to make SA the nation’s leading<br />
copper producer.<br />
<strong>SACOME</strong> has been an active participant in<br />
the Copper Strategy Implementation Team<br />
throughout <strong>2016</strong>-<strong>17</strong>, providing insight and<br />
feedback to the application and enhancement of<br />
the Copper Strategy in SA. Input was provided at<br />
workshops as part of the creation of the Copper<br />
Development Road Map, facilitated by the<br />
Department of Premier and Cabinet in February,<br />
as well as the Water for Resources workshop<br />
in March. The inaugural ‘Copper to the World’<br />
Conference in Adelaide brought together national<br />
and international speakers and emphasised the<br />
benefits of this commodity specific strategy as a<br />
tool to enhance opportunities for our state.<br />
<strong>SACOME</strong> has also been involved in the<br />
development of SA’s Magnetite Strategy, and<br />
provided a comprehensive and supportive<br />
response to the Magnetite Strategy directions<br />
paper. The directions paper provides a framework<br />
for the development of a magnetite strategy in SA<br />
to chart a course to achieve target production of 50<br />
million tonnes of magnetite per annum by 2030.<br />
The implementation of a long-term, sustainable<br />
magnetite strategy could realise an estimated<br />
14 billion tonnes of untapped wealth for all<br />
South Australians through increased investment,<br />
royalties, jobs, export trade, and further<br />
development of key markets.<br />
Moratoria<br />
Moratoria, introduced by various<br />
state governments and political<br />
parties across Australia during<br />
<strong>2016</strong>-<strong>17</strong>, has lead to uncertainty<br />
and isolation of strategic<br />
resources. Moratoria on the use<br />
of hydraulic fracture stimulation<br />
have been announced and<br />
contradict the findings of various<br />
parliamentary and independent<br />
inquiries into fracking. These<br />
inquires continue to conclude<br />
that the use of hydraulic fracturing<br />
is safe, when managed and<br />
regulated according to global<br />
industry standards.<br />
The prospect of moratoria, which<br />
prevents mineral and petroleum exploration<br />
and production, introduces unnecessary risks<br />
to developing resources in a jurisdiction. The<br />
sovereign risk - as evidenced by international<br />
surveys including the Fraser Institute - highlights<br />
that poorly developed or sudden shifts in policy<br />
or governance will lead to a loss of investment.<br />
<strong>SACOME</strong> continues to advocate against any<br />
unwarranted moratoria that may be introduced<br />
in SA.<br />
Nuclear Fuel Cycle Royal Commission<br />
<strong>SACOME</strong> supported the findings of the<br />
Nuclear Fuel Cycle Royal Commission and their<br />
implementation, particularly the expansion of<br />
uranium exploration and mining. The findings<br />
continued discussion and business development<br />
on the potential for SA to store spent nuclear<br />
material.<br />
The Royal Commission made twelve<br />
recommendations based on the findings<br />
of its 15-month investigation. The first five<br />
recommendations referred to realising<br />
opportunities and reducing the risks of<br />
uranium mining and milling.<br />
The Royal Commission also recommended that<br />
there be further investment in precompetitive<br />
data for uranium.<br />
Other recommendations included the pursuit<br />
of a high level nuclear waste facility and the<br />
removal of Commonwealth nuclear prohibitions<br />
for future involvement in the nuclear fuel cycle.<br />
Public consultation was undertaken in a parallel<br />
process on advancing a nuclear waste facility<br />
with the consultation and response agency<br />
‘Know Nuclear’ and the Citizens Jury. While<br />
disappointed with the result of the citizens<br />
jury, the broader community consultation<br />
highlighted that there is merit in continuing the<br />
discussion on the nuclear waste repository.<br />
<strong>SACOME</strong> will continue to pursue dialogue through<br />
thought leadership sessions, uranium seminars and<br />
opinion pieces.<br />
8<br />
South Australian Chamber of Mines and Energy<br />
Annual Report 20<strong>17</strong> 9
POLICY – PRIORITY THEMES<br />
Energy<br />
The National Electricity Market (NEM), particularly<br />
the SA electricity market, is undergoing<br />
transformational change.<br />
Fossil-fuel synchronous generation is being<br />
displaced by intermittent, non-synchronous<br />
generation at both the utility scale and the<br />
residential level. This change in generation mix<br />
is challenging the designs built into the power<br />
system and the regulatory framework in which<br />
it operates.<br />
These challenges are more acute in SA due to<br />
the combination of its generation mix and the<br />
geographical location to the rest of the NEM.<br />
SA is expected to experience a sustained period<br />
of high electricity prices and increased price<br />
volatility.<br />
Affordable energy<br />
Having access to a competitive and reasonably<br />
priced reliable supply of electricity is critical for<br />
all businesses, but particularly so for high energy<br />
use resource sector companies. It will directly<br />
influence decisions concerning the scope of<br />
ongoing business operations in SA during, and<br />
potentially beyond the transformation change of<br />
the energy system.<br />
Australian Competition and Consumer<br />
Commission (ACCC)<br />
<strong>SACOME</strong> successfully achieved full authorisation<br />
from the ACCC to establish a buyers group of<br />
large SA electricity consumers to jointly procure<br />
electricity.<br />
An application on behalf of the group was first<br />
lodged on 4 January 20<strong>17</strong> seeking authorisation<br />
to collectively seek offers from electricity<br />
suppliers and negotiate long term contracts for<br />
the supply of the combined electricity load.<br />
The members of this group comprise of<br />
companies in the mining, manufacturing,<br />
agricultural, retail, tertiary education and food and<br />
wine sectors. These companies operate in global<br />
markets where they compete against businesses<br />
that enjoy lower input costs. Electricity represents<br />
a major input cost for these companies and they<br />
require competitively priced and reliable<br />
electricity.<br />
The ACCC provided an interim authorisation on<br />
13 April 20<strong>17</strong> and the final determination on<br />
the application on <strong>17</strong> May 20<strong>17</strong>. It is expected<br />
that the combined electricity load of these<br />
companies could be of sufficient scale to<br />
encourage new generation to enter; or with<br />
existing under-utilised generation to re-enter the<br />
SA electricity generation market.<br />
As a result, these companies should have access<br />
to more competitive electricity pricing and<br />
increased reliability which will have a positive<br />
impact on the scope and sustainability of their<br />
present and future operations in SA. Additionally,<br />
the certainty of a firm load will enable electricity<br />
suppliers to better manage their fuel source<br />
portfolios which is likely to have a flow on effect<br />
to all consumers due to increased competition in<br />
the retail electricity market.<br />
The ACCC Chairman, Rod Sims, said “This joint<br />
tender has the potential to change wholesale<br />
market dynamics by allowing generators to use<br />
existing plants more efficiently, or encouraging<br />
new entrants into South Australian electricity<br />
generation. This could bring the benefits of<br />
increased competition in the wholesale market for<br />
electricity”.<br />
A tender process will determine the most<br />
competitive priced arrangement for the supply<br />
of electricity for these members. A preferred<br />
supplier will be selected with a new contract<br />
start date from 1 January 2018.<br />
Reliability and Security<br />
Finkel Review<br />
The Independent Review into the Future Security<br />
of the National Electricity Market, chaired by<br />
Dr Alan Finkel AO, was commissioned by the<br />
Council of Australian Governments (COAG)<br />
Energy Ministers in October <strong>2016</strong>. The intention<br />
was to review the current reliability and security<br />
of the NEM, and provide advice on a coordinated<br />
national reform blueprint.<br />
<strong>SACOME</strong> submitted nine recommendations in<br />
response to the Finkel Review. The Chamber’s<br />
position is that the assessment of system security<br />
and strength must evaluate future developments<br />
on a technology neutral basis to provide tangible<br />
solutions with appropriate powers to direct, if<br />
poor system strength is identified.<br />
The review identified low carbon generation as a<br />
key metric to consider. <strong>SACOME</strong> noted that any<br />
low carbon polices should strive to unify under a<br />
single policy framework to avoid a fragmented<br />
national system where market failures occur and<br />
system strength is put at risk.<br />
The final report was delivered in June 20<strong>17</strong> to<br />
COAG, recommending processes to increase<br />
security and reliability, rewarding consumers and<br />
lowering emissions. The recommendations were<br />
built upon three pillars of an orderly transition,<br />
full system planning and stronger governance.<br />
<strong>SACOME</strong> recommendations were reflected<br />
in the key pillars, particularly on technology<br />
neutrality, stronger governance and assessment.<br />
10<br />
South Australian Chamber of Mines and Energy<br />
Annual Report 20<strong>17</strong> 11
POLICY – PRIORITY THEMES<br />
State Energy Plan<br />
The SA Government released the ‘Our Energy<br />
Plan’ in March 20<strong>17</strong>.<br />
Components of the plan aligned with <strong>SACOME</strong><br />
recommendations to the Finkel Review into the<br />
future security of the NEM, to improve security of<br />
the electricity system.<br />
This included the additional powers to direct the<br />
market under certain circumstances and market<br />
mechanisms to enhance energy security.<br />
Moratorium is inconsistent with the strong<br />
regulatory system, safety record and scientific<br />
facts of gas exploration, development technology<br />
and practices in SA.<br />
<strong>SACOME</strong> supported the State Government’s<br />
announcement of Plan for Accelerating<br />
Exploration (PACE) funding to develop new gas<br />
resources to supply the local energy market.<br />
Climate Change<br />
Government initiatives to address climate<br />
change are characterised by a complex array<br />
of policy instruments at the federal level, and<br />
complicated by state and territory policies that<br />
have created distortions in electricity markets,<br />
leading to negative outcomes for price, reliability<br />
and security.<br />
<strong>SACOME</strong>’s submission to the Federal<br />
Government’s review of climate change policies<br />
emphasised the need for policies to be guided<br />
by the following key principles:<br />
o Market based<br />
o Trade competitive<br />
o Simple and efficient<br />
o Effective in reducing emissions<br />
o Technology neutral<br />
o Broad based<br />
o Complement energy policies<br />
A national framework is critical to ensure policies<br />
at all levels of government are assessed against a<br />
criterion that ensures competitive price, security<br />
and reliability, in addressing agreed national<br />
emissions reduction.<br />
Infrastructure<br />
<strong>SACOME</strong>’s priority is to identify the capacity<br />
needs of freight, ports, electricity, water and<br />
gas, to understand the required infrastructure<br />
development to secure the future of SA’s<br />
resources sector. Access routes to global markets<br />
that are affordable and efficient are essential<br />
for SA resource projects to be competitive in a<br />
globalised market.<br />
There is a critical need to address bottlenecks to<br />
open the north and west of the state - boosting<br />
productivity throughout the economy.<br />
Sealing the Strzelecki ($450m), improved<br />
freight corridor at Port Augusta ($235m), and<br />
transmission upgrading (up to $550m) to<br />
support new resources development on the<br />
Eyre Peninsula are top of the list of priority<br />
infrastructure needs for the industry.<br />
<strong>SACOME</strong> continues to advocate for investment<br />
in business case development to deliver shovel<br />
ready projects and leverage industry infrastructure<br />
requirements to support the wider SA economy and<br />
community.<br />
<strong>SACOME</strong> will continue to support government<br />
initiatives and policies that deliver secure and<br />
competitively priced electricity.<br />
Access to gas<br />
<strong>SACOME</strong> opposes any moratorium on gas<br />
exploration or development in the state. Gas is a<br />
crucial part of the energy mix and to implement<br />
moratoria on known resources of gas is likely to<br />
lead to higher energy prices in SA.<br />
12<br />
South Australian Chamber of Mines and Energy<br />
Annual Report 20<strong>17</strong> 13
POLICY – PRIORITY THEMES<br />
POLICY – submissions<br />
Legislation & Regulation<br />
<strong>SACOME</strong> continues to proactively influence<br />
the development of efficient, effective and<br />
transparent regulation of the resources sector.<br />
A regulatory framework that streamlines<br />
assessment and approvals of projects, while<br />
ensuring social and environmental benefit, is<br />
essential to making SA a jurisdiction of choice for<br />
resources activity and investment.<br />
It is important that the SA regulatory framework<br />
for the resources sector is predictable and<br />
transparent to attract investment in the state.<br />
Such a framework is essential for potential<br />
greenfields exploration programs, which<br />
are high-risk processes that rely on quality<br />
geophysical data and best-practice regulation.<br />
Access to land in a timely manner is also required<br />
to allow these greenfields exploration programs<br />
to undertake the necessary work required to<br />
investigate prospective targets.<br />
Mining Acts Review<br />
A major review of South Australia’s Mining<br />
Acts has commenced and is an opportunity to<br />
modernise and enhance the risk-based approach<br />
to mining regulation in the state. <strong>SACOME</strong>’s<br />
recommendations to the review are key to<br />
facilitating economic development of the state’s<br />
mineral resources, and commit to initiatives that<br />
encourage multiple and sequential land use.<br />
<strong>SACOME</strong> is committed to working collaboratively<br />
with other sectors to ensure that mining and<br />
other land uses can sustainably co-exist.<br />
priority to realise the benefits of the mining<br />
industry for all South Australians, and any<br />
amendments to the Act must reflect this priority.<br />
Following on from <strong>SACOME</strong>’s submission, the<br />
Chamber continues to engage with the Department<br />
of Premier and Cabinet on the proposed changes to<br />
the legislation.<br />
Amendments to the Aboriginal Heritage Act<br />
Since a review in 2008, <strong>SACOME</strong> has been<br />
advocating for changes to the Aboriginal Heritage<br />
Act 1988 (SA) that complement the Native Title<br />
system.<br />
This is to make certain no additional regulatory<br />
burden is placed on resource development<br />
approvals. The amendments provide improved<br />
activity efficiencies for the resources industry.<br />
Leading Practice<br />
Mining Acts Review<br />
Mining Act 1971<br />
Independent Review<br />
into the Future Security<br />
of the NEM<br />
(Finkel Review)<br />
AEMC System Security<br />
Market Frameworks<br />
Review<br />
State Energy Security<br />
Target draft Regulations<br />
Essential Services<br />
Commission of SA<br />
inquiry into the licensing<br />
arrangements for<br />
generators in SA<br />
Australian Energy<br />
Market Commission<br />
(AEMC) System Security<br />
Market Frameworks<br />
Review<br />
Federal Government<br />
Review of Climate<br />
Change Policies<br />
Simplify Day 20<strong>17</strong><br />
Magnetite Strategy<br />
Directions Paper<br />
South Australian Energy<br />
Transformation - RIT-T:<br />
Project Specification<br />
Consultation Report<br />
Aboriginal Heritage<br />
Regulations <strong>2016</strong> and<br />
Guidelines<br />
Native Vegetation<br />
Regulations <strong>2016</strong><br />
Review of the State<br />
Natural Resources<br />
Management Plan<br />
(NRM)<br />
Draft management<br />
plans for SA parks<br />
and reserves<br />
The changes proposed by <strong>SACOME</strong> provide<br />
tools for the transparent regulation of the Act,<br />
allowing greater transparency for stakeholders.<br />
These changes would align SA’s Mining Act with<br />
other jurisdictions nationally and internationally.<br />
<strong>SACOME</strong> supports SA Government’s strategic<br />
Senate Environment and Communications Reference<br />
Committee Inquiry into the Rehabilitation of Mining<br />
and Resources Projects, as it relates to Commonwealth<br />
Responsibilities<br />
14<br />
South Australian Chamber of Mines and Energy<br />
Annual Report 20<strong>17</strong> 15
COMMUNITY – CONVERSATIONS<br />
<strong>SACOME</strong> has continued to provide informative, engaging, collaborative and relevant<br />
events for members throughout the year.<br />
SAcome Together Annual Gala<br />
The SAcome Together Annual Gala was held<br />
on 26 May at the Hilton Adelaide. The event<br />
celebrated SA’s ability to collaborate across sectors<br />
to generate new investment, create jobs and<br />
encourage imagination and innovation – ensuring<br />
our state’s future prosperity remains front and<br />
centre. The gala brought together hundreds<br />
of attendees to celebrate industry successes as<br />
well as the winners of the Premier’s Community<br />
Excellence Awards in Mining & Energy, which<br />
was announced during the evening.<br />
This event was sponsored by:<br />
Dirt TV<br />
Dirt TV is a video competition for SA students<br />
in years 7-12 that focused on what mining<br />
and energy means to them. The competition<br />
encourages students to research the facts<br />
and value of the resources sector, including<br />
environmental, uses of mined products,<br />
importance of the sector in SA and how the<br />
sector impacts their everyday lives. Student’s<br />
learnings are shared widely through the<br />
People’s Choice Award, which requires voting by<br />
members of the public.<br />
In <strong>2016</strong>, children across several schools in SA<br />
entered the competition. The competition<br />
culminated in a red-carpet Awards Ceremony in<br />
October <strong>2016</strong> at the Adelaide Oval.<br />
This event was sponsored by:<br />
L-R: Sebastian Deverson, St Johns Grammar, Santos<br />
Best Director Award; Alice McVann, Loreto College,<br />
Best Writing Award; Josh Langman, Westminster<br />
School, BHP Billiton Best Overall Entry and Heathgate<br />
Resources People’s Choice Award and Jordan Miegel, St<br />
Johns Grammar, joint winner of Best Music Award.<br />
Women in Resources SA<br />
<strong>SACOME</strong> continued to support women<br />
through the Women in Resources SA (WinRSA)<br />
Committee by hosting the prestigious Women in<br />
Resources National Awards in September <strong>2016</strong>.<br />
With seven states represented, the ceremony<br />
recognised and celebrated the contribution<br />
and achievement of women in the resources<br />
sector. WinRSA also jointly ran a successful<br />
mentoring program with WIMnetSA, providing<br />
opportunities for female mentees to connect<br />
with experienced individuals to provide<br />
professional and personal development support<br />
and advice.<br />
The National Awards were sponsored by:<br />
Exceptional Young Woman in Australian<br />
Resources Award Winner: Jasmine Richards<br />
(Senior Environmental Advisor, OZ Minerals SA).<br />
16<br />
South Australian Chamber of Mines and Energy<br />
Annual Report 20<strong>17</strong> <strong>17</strong>
COMMUNITY – CONVERSATIONS<br />
SA Mines Emergency Response Competition<br />
<strong>SACOME</strong> hosted two South Australian Mines<br />
Emergency Response Competitions (SAMERC)<br />
this reporting year. In its 8th successful year, the<br />
competition promotes and improves resource<br />
sector workplace safety skills as well as building<br />
relationships.<br />
Winners <strong>2016</strong> 20<strong>17</strong><br />
Overall winner Challenger Gold Mine BHP Billiton Olympic Dam 1<br />
Theory Challenger Gold Mine Challenger Gold Mine<br />
First Aid BHP Billiton Olympic Dam BHP Billiton Olympic Dam 1<br />
Firefighting BHP Billiton Olympic Dam BHP Billiton Olympic Dam 2<br />
Vertical/rope rescue OZ Minerals Prominent Hill BHP Billiton Olympic Dam 1<br />
Industrial rescue Challenger Gold Mine Newcrest Mining Cadia Valley<br />
Team skills OZ Minerals Prominent Hill BHP Billiton Olympic Dam 1<br />
Breathing apparatus OZ Minerals Prominent Hill BHP Billiton Olympic Dam 1<br />
Confined space search Challenger Gold Mine BHP Billiton Olympic Dam 1<br />
and rescue<br />
Road crash rescue BHP Billiton Olympic Dam Challenger Gold Mine<br />
Best Team Captain Challenger Gold Mine - BHP Billiton Olympic Dam 1 -<br />
Daniel O’Reilly<br />
Ben Treagus<br />
<strong>2016</strong> Sponsors 20<strong>17</strong> Sponsors<br />
The <strong>2016</strong> competition was held at the CFS State<br />
Training Centre and Brukunga Mine Site in the<br />
Adelaide Hills. The 20<strong>17</strong> competition travelled<br />
to BHP’s Olympic Dam. The high adrenaline<br />
competition tested ‘team work’ in the most<br />
realistic circumstances possible.<br />
Thought Leadership Series<br />
<strong>SACOME</strong> launched its Thought Leadership Series<br />
in 20<strong>17</strong> to leverage national and international<br />
thought leader experience. These events are<br />
hosted by member companies and provide<br />
fertile learning ground for members only;<br />
providing an opportunity to explore ideas and<br />
keep abreast of technological advancements.<br />
World class leaders in their field who have<br />
presented this year were: John Jung, CEO<br />
Greensmith Energy, Bob Jensen, crisis and<br />
risk management leader who investigated<br />
the Deepwater Horizon oil spill tragedy,<br />
Professor Mike Young, research chair in Water<br />
and Environmental Policy at the University<br />
of Adelaide, and Jessica Lovering, Director of<br />
Energy, Breakthrough Institute.<br />
Lunch Series<br />
<strong>SACOME</strong>’s lunch events over the <strong>2016</strong>-<strong>17</strong> period<br />
attracted record attendance with high profile<br />
speakers including the Hon. Tom Koutsantonis,<br />
Minister for Mineral Resources and Energy,<br />
and Jacqui McGill, Asset President - Olympic<br />
Dam, BHP.<br />
Breakfast Series<br />
Our Breakfast Series continued with<br />
opportunities for our members to profile projects<br />
and developments. Lincoln Minerals, Minotaur<br />
Exploration, Terramin Australia, Investigator<br />
Resources, Heathgate Resources and Finlaysons<br />
shared insights to participants.<br />
Future Forum<br />
The Minerals & Energy Services Future Forum<br />
was attended by over 250 participants, hearing<br />
from 4 keynote speakers and 16 expert panel<br />
members. The forum was the platform for the<br />
announcement of the Department of State<br />
Development’s South Australian Minerals and<br />
Energy Services Strategy, which discussed<br />
opportunities and challenges for the sector in<br />
SA and provided a framework to address and<br />
action recommendations. Keynotes and panel<br />
members shared ideas, generated discussion<br />
and built knowledge across the sector in the<br />
areas of collaboration, expanding markets, digital<br />
mines and compliance.<br />
Risk & Opportunity Symposium<br />
The Risk and Opportunity Symposium provided<br />
attendees with the opportunity to drive the<br />
debate around the creation of mindful safety<br />
cultures.<br />
The symposium brought together a diverse<br />
group of speakers from industry, academia and<br />
emergency services to share their perspectives<br />
and insightful learnings in the areas of risk<br />
management, operational excellence and safety<br />
in mining.<br />
SA Exploration & Mining Conference<br />
For the 16th year <strong>SACOME</strong> hosted the South<br />
Australian Exploration and Mining Conference – a<br />
premier event in the SA mining industry calendar.<br />
The single day conference attracted over 600<br />
delegates who heard 22 keynote presentations<br />
on exploration and mining projects in SA. The<br />
event also provided extensive networking<br />
opportunities for all attendees, concluding with<br />
the popular post-conference networking.<br />
GMUSG<br />
<strong>SACOME</strong> collaborated with Global Maintenance<br />
Upper Spencer Gulf (GMUSG) to present the<br />
12th GMUSG Conference and Trade Expo at Port<br />
Pirie. As always, the conference was a success<br />
with hundreds of industry delegates coming<br />
together to enjoy an informative, sector relevant<br />
two-day program.<br />
18<br />
South Australian Chamber of Mines and Energy<br />
Annual Report 20<strong>17</strong> 19
JOIN THE <strong>SACOME</strong> COMMUNITY<br />
MEMBERS<br />
Member-only benefits<br />
<strong>2016</strong>-<strong>17</strong> SPONSORS<br />
Creating membership value is at the core of<br />
<strong>SACOME</strong>’s business and we are committed<br />
to continually improve member-only<br />
benefits.<br />
Part of<br />
resources and<br />
energy<br />
community<br />
ENGAGE<br />
Stay ‘Front & Centre’ with access<br />
to agile, timely communication<br />
that brings important industry<br />
news direct to your inbox<br />
through eAlerts & eNews<br />
SELECT<br />
As a <strong>SACOME</strong> member<br />
you are part of a select group<br />
gaining exclusive access to<br />
industry specific events &<br />
activities, such as thought<br />
leadership series, breakfasts,<br />
networking functions &<br />
committees<br />
MAXIMISE<br />
ADVOCACY<br />
CREATING<br />
VALUE FOR<br />
<strong>SACOME</strong><br />
MEMBERS<br />
Opportunity to enhance your<br />
company brand, activities &<br />
reputation by accessing our<br />
broad digital media platforms for<br />
communications. Collectively we can<br />
increase our share of voice when we<br />
celebrate the successes of<br />
each other<br />
Our members provide a<br />
powerhouse of experience &<br />
intellect, to leverage outcomes<br />
that shape South Australia’s<br />
resources & energy future.<br />
<strong>SACOME</strong> lobby on behalf of our<br />
members on issues that<br />
are important to them<br />
COLLABORATE<br />
Success of our sector is dependent<br />
on collaboration. <strong>SACOME</strong> provide<br />
opportunities for cross sector conversations<br />
which encourage imagination & innovation<br />
for the future. Specifically, our committees<br />
enable members to discuss & debate issues,<br />
engage with policy experts & influence<br />
government decision-making through a<br />
united voice<br />
OFFERS<br />
As a member, you will receive<br />
preferential access to <strong>SACOME</strong><br />
hosted events & activities,<br />
media monitoring, partner<br />
events, business campaigns &<br />
sponsorship<br />
$<br />
Partnership with service members is an important component of <strong>SACOME</strong>’s membership portfolio, as<br />
these companies provide invaluable services to the resources supply chain.<br />
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 <strong>SACOME</strong>’s<br />
Mines & Energy<br />
ongoing relevance to members in the next decade and beyond.<br />
As a member, you have a unique opportunity to invest further in <strong>SACOME</strong> as an annual or event specific<br />
sponsor.<br />
<strong>SACOME</strong> sponsorship is a memberonly<br />
opportunity that enables<br />
strategic engagement across the<br />
resource sector.<br />
Sponsorship provides smart brand positioning<br />
aligning your company to SA’s peak body for<br />
the resources sector.<br />
During 20<strong>17</strong>, <strong>SACOME</strong> welcomed new sponsor<br />
Heathgate Resources at the Premier sponsor level.<br />
This highest-level sponsorship is an endorsement<br />
of the great work we do, further supporting<br />
<strong>SACOME</strong> to deliver crucial policy objectives.<br />
Appreciation is also extended to our event<br />
sponsors for enabling our important sector<br />
development conversations to continue.<br />
PREMIER Sponsors<br />
Thank you to our <strong>2016</strong>-<strong>17</strong> sponsors for their<br />
significant contribution and support of the state’s<br />
resources sector:<br />
o Premier sponsors: BHP, Heathgate, Department<br />
of Premier and Cabinet<br />
o Diamond sponsors: OZ Minerals, Bureau Veritas<br />
o Platinum sponsors: Viva Energy, Iron Road<br />
o Gold sponsors: Finlaysons, PWC, Electranet<br />
o Silver sponsor: BP Developments<br />
o Copper sponsor: Exact Mining Services<br />
o Graphite sponsors: Alexander Symonds, Lincoln<br />
Minerals and Hillgrove Resources<br />
BHP’s Olympic Dam is one of the world’s largest ore bodies with significant<br />
deposits of copper, gold, uranium and silver. Employing more than 3,000<br />
people, the scale of the Olympic Dam orebody means it is a cornerstone of<br />
the resource industry and a generational resource for SA. In FY16, Olympic<br />
Dam produced 203 kilotonnes of copper cathode – the highest level of<br />
production since 2006 – and the operation is currently in an exciting period of<br />
sustainable growth. Through significant investment in infrastructure and with<br />
a move into the high-grade Southern Mine Area, the Olympic Dam operation<br />
will underpin jobs and economic development in SA into the future.<br />
Heathgate is an innovative mining and exploration company, operating<br />
the uranium mines in and around Beverley in the northern Flinders Ranges.<br />
Heathgate is proud of its 20-year association with <strong>SACOME</strong> and its 27 years<br />
of continued investment in the SA mining industry. Heathgate provides jobs<br />
and training opportunities for over 220 people at Beverley and Adelaide<br />
locations and actively works to provide employment opportunities to the<br />
Adnyamathanha aboriginal community.<br />
The Mineral Resources and Energy Resources Divisions of the Department for<br />
the Premier and Cabinet are committed to the responsible development of the<br />
state’s mineral and energy resource wealth to benefit all South Australians. The<br />
Divisions drive forward growth and sustainable development of SA’s resource<br />
assets by operating in an internationally respected regulatory framework,<br />
providing highly regarded geoscience initiatives (PACE) and delivering first<br />
class pre-competitive geoscientific information and data through the worldleading<br />
digital platform SARIG.<br />
20<br />
South Australian Chamber of Mines and Energy<br />
Annual Report 20<strong>17</strong> 21
<strong>2016</strong>-<strong>17</strong> SPONSORS<br />
DIAMOND Sponsors<br />
SILVER Sponsors<br />
PLATINUM Sponsors<br />
GOLD Sponsors<br />
OZ Minerals is a copper-focused company based in SA. Listed on the Australian Securities<br />
Exchange (ASX100), it has a growth strategy focused on creating value for all stakeholders.<br />
OZ Minerals owns and operates the copper-gold-silver mine at Prominent Hill and is<br />
developing one of Australia’s largest copper-gold resources at Carrapateena. The company<br />
also has a pipeline of eight early stage earn-in agreements with experienced exploration<br />
companies. It has a healthy cash balance and no debt.<br />
Bureau Veritas Minerals has a long history of providing high quality laboratory services to<br />
exploration and mining companies. As industry leaders in testing, inspection & certification,<br />
Bureau Veritas Minerals has extensive operations throughout Australia providing superior<br />
one-stop-shop solutions for a wide range of resources and commodities. Their extensive<br />
range of services includes geoanalytical testwork, mineral processing, metallurgy, mineralogy,<br />
coal testing, petroleum & gas testing, oil condition monitoring and more.<br />
Iron Road’s vision is to become a trusted and reliable supplier of premium iron concentrates<br />
to the Asian marketplace. The flagship project in achieving this vision is the Central Eyre Iron<br />
Project (CEIP) in South Australia. CEIP is a large scale development expected to produce<br />
24Mtpa of premium iron concentrate from the integrated mine, rail and port operations. Ore<br />
Reserves top 3.7 billion tonnes, providing for over 25 years of production.<br />
Viva Energy Australia’s mission is to keep local industry moving with quality fuels, chemicals,<br />
marine products and bitumen. Viva Energy is the exclusive Shell Lubricants Macro Distributor<br />
in Australia and Shell Licensee at Shell retail fuel stations. They are Dependable, Energetic<br />
and Committed with plans to invest $1 billion over the next five years, Viva Energy Australia<br />
are committed to building Australia’s energy future.<br />
Finlaysons Lawyers is a long-term partner of <strong>SACOME</strong> and a leading full service commercial law<br />
firm. With its head office in Adelaide, Finlaysons has nationally-recognised Resources, Energy,<br />
Native Title and Environment teams with in-depth and specialist experience in advising the<br />
minerals and energy sector, and strong networks across industry and government. Finlaysons<br />
provides commercial, practical and sustainable solutions to legal and regulatory issues faced by<br />
the sector throughout exploration, development, project approvals, financing and production.<br />
PwC are long-time supporters of <strong>SACOME</strong> whose purpose is to build trust in society and solve<br />
important problems. PwC are a network of firms in 157 countries with more than 223,000<br />
people who are committed to delivering quality in assurance, advisory and tax services. PwC<br />
is one of Australia’s leading professional services firms, bringing the power of their global<br />
network of firms to help Australian businesses, not-for-profit organisations and governments<br />
assess their performance and improve the way they work.<br />
COPPER Sponsor<br />
GRAPHITE Sponsors<br />
BP Australia is engaged in the exploration, production and development of oil, natural gas<br />
and liquefied natural gas; and the refining, transportation and marketing of petroleum and<br />
lubricant products.<br />
Exact Mining Services is a leading Mining and Civil Earthworks Contractor working<br />
predominantly in SA but also nationally. Exact Mining Services is based in Adelaide and<br />
currently provides contract services to major mining projects in the SA such as BHP Olympic<br />
Dam, Iluka Resources at Jacinth Ambrosia, Arrium Mining at Whyalla, WPG Resources at<br />
Tarcoola and CU River Mining at Cairn Hill near Coober Pedy.<br />
Alexander Symonds is one of SA’s leading surveying firms and has been a long-standing<br />
partner of the state’s mining and energy sector. Based in Kent Town and celebrating its 85th<br />
anniversary in 20<strong>17</strong>, the company has provided its cutting-edge surveying services to a host<br />
of SA resources projects over the years, from mine sites and wind farms to oil pipelines and<br />
gas plants.<br />
Lincoln Minerals assisted <strong>SACOME</strong> to develop the first ever Indiginous Land Use Agreement<br />
and is a committed SA exploration company undergoing the difficult transition from<br />
explorer to graphite miner. Lincoln has a Mineral Lease 35km north of Port Lincoln on Eyre<br />
Peninsula and is working towards developing a world class graphite mine and processing<br />
plant in Australia’s premier graphite province.<br />
Hillgrove Resources Limited is an Australian mining company listed on the ASX focused on<br />
developing its flagship Kanmantoo Copper Mine and associated regional exploration targets,<br />
located less than 55km from Adelaide in South Australia. Hillgrove employs approximately<br />
245 employees and contractors and is presently mining at the rate of approximately 20<br />
million tonnes per annum and produces up to 20,000 tonnes of copper per annum. Annual<br />
export earnings are in a range of $140 million to $<strong>17</strong>0 million.<br />
ElectraNet powers people’s lives by delivering safe, affordable and reliable solutions to<br />
power homes, businesses and the economy. A critical part of the electricity supply chain,<br />
their transmission network safely transports electricity over long distances to metropolitan,<br />
regional and remote areas. ElectraNet specialise in asset, project and contract management<br />
and their clients include power generators, South Australia’s electricity distributor, SA Power<br />
Networks, and large directly-connected clients.<br />
22<br />
South Australian Chamber of Mines and Energy<br />
Annual Report 20<strong>17</strong> 23
www.sacome.org.au