SA to capitalise on next mining upswing

South Australia will have the potential to build state mining revenues to $7 billion each year, but has its work cut out to prepare for the market upswing, according mining lobbyist Terry Burgess.

The president of the South Australian Chamber of Mines and Energy (SACOME) spoke at the Paydirt 2015 SA Resources and Energy conference in Adelaide yesterday to address the challenges of the current market environment, and to shed light on some of the moves that need to be made during the market slump in order to capitalise on the next cycle.

Burgess said it was necessary for the government to foster an appreciation of mining and petroleum activities in the state community.

“For example, we have to lobby to clearly demonstrate that hydraulic fracturing as proposed for several SA petroleum prospective regions, is not new, is safety-proven and is driven by science not political geared debate,” Burgess said.

“There is a need for a national approach for community engagement and SACOME will be leading this discussion with our interstate counterparts."

The former Oz Minerals chief executive welcomed the SA Nuclear Commission and applauded Premier Jay Weatherill for taking steps to assess the potential for uranium and nuclear power generation in the state.

Image: The Australian