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SACOME makes Budget recommendations


The South Australia Chamber of Mines and Energy (SACOME) has called for more measures that drive economic transformation ahead of the South Australian Government Budget release.

Among its requests, SACOME has asked the SA Government to create a Critical Minerals Development Fund to leverage the state’s existing minerals processing capacity.

SACOME said the fund could work with the established Plan for Accelerating Exploration (PACE) to underpin the rapid expansion of critical minerals projects to meet accelerating global demand.

“Consistent, concerted effort is fundamental to realising the growth of the resources sector and transformation of the state’s economy at the scale envisaged by both SACOME’s member companies and the South Australian Government,” SACOME chief executive officer Rebecca Knol said.

“Key to the transformation of the state’s economy is the nurturing of ongoing collaboration between industry and government, recognising that continuing engagement on regulatory and policy matters is crucial to achieving our shared objectives.”

Along with the Critical Minerals Development Fund, SACOME has also called for support for carbon abatement technologies.

According to SACOME, hard-to-abate sectors such as steel manufacturing will be reliant on carbon capture and storage (CCS) techniques to offset emissions.

CCS offers a pathway to reduce emissions while positioning Australia as a leading energy exporter and manufacturer of energy intensive materials.

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