BASE METALS

OZ backs SA bid to become copper giant

OZ Minerals has welcomed a plan by the South Australian government to triple the size of its copp...

Kristie Batten
OZ backs SA bid to become copper giant

SA hosts major copper deposits, including OZ’s Prominent Hill mine and Carrapateena project, and BHP Billiton’s Olympic Dam operation.

The government held a Copper Summit earlier this year to explore the opportunities, challenges and actions needed to raise the state’s copper output to support Australia becoming the world’s third largest copper producer, and has outlined a long-term plan via a directions paper.

“South Australia holds 68% of Australia’s known copper reserves, however we only produce 30% of the nation’s copper output,” OZ managing director and CEO Andrew Cole said.

“The state government’s plan to triple the size of the copper industry and make South Australia a copper mining powerhouse should be congratulated.

“The growth of the copper industry will generate huge economic benefits for South Australia and benefit local businesses, service providers, skilled workers as well as the wider community.”

The directions paper identified six focus areas: enhanced support to find and expand copper resources; improved production cost competitiveness; shared commercial research; social licence to operate; reducing bottlenecks across the value chain; and collaborative infrastructure development.

The SA Chamber of Mines and Energy welcomed the government's continued focus on realising the state's mineral wealth.

“Collaboration between industry and the SA Government will help return the prominence that copper once enjoyed in SA, where it was the backbone of our economy,” SACOME CEO Jason Kuchel said.

“The copper strategy rightly acknowledges that this state has massive potential for new copper discoveries, together with the further development potential of our known resources.

“Realising South Australia’s copper potential will reap big rewards for the entire state in terms of investment attraction and economic activity, and ultimately jobs, royalties, service sector opportunities and development of regional infrastructure and services.”

A workshop will be held in Adelaide on October 21 to consider the six focus areas and devise a formal strategy.

TOPICS:

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining News Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining News Intelligence team.

editions

Mining Company ESG Index: Benchmarking the Future of Sustainable Mining

The Mining Company ESG Index report provides an in-depth evaluation of ESG performance of 61 of the world's largest mining companies. Using a robust framework, it assesses each company across 9 meticulously weighted indicators within 6 essential pillars.

editions

Mining Journal Intelligence Global Leadership Report 2024: Net Zero

Gain insights into decarbonisation trends and strategies from interviews with 20+ top mining executives and experts plus an industrywide survey.

editions

Mining Journal Intelligence Project Pipeline Handbook 2024

View our 50 top mining projects, handpicked using a unique, objective selection process from a database of 450+ global assets.

editions

MiningNews.net Research Report 2024

Access a multi-pronged tool to identify critical risks and opportunities in Australia’s mining industry.