Under South Australia’s Strategic Plan, PIRSA is committed to;
‘Make South Australia a favoured mineral investment destination for private investment by 2010, with exploration expenditure targeted to almost treble to $100m by 2007 and minerals production to reach $3b by 2020 with a further $1b worth of minerals processing by that time’.
The success so far is strong and measurable: the Strategic Plan target of realising mineral exploration investment of $100m per annum by 2007 was achieved in 2005 and minerals and petroleum have become a major export category with total export sales of $1.65b equating to 22% of total exports. In 2004–05 resource royalty receipts exceeded $122.5m.
The current strength of the resources industry is demonstrated by an impressive pipeline of projects that are in pre-feasibility or feasibility studies or construction across South Australia.
South Australia is currently poised to enter a new era in sustainable mineral and energy resources development. It leads the nation in many areas of policy development and investment attraction. For the first time in its history, South Australia is being seen as a potential contender with the other resource rich states of Western Australia and Queensland.
The submission, “Mineral resource development in South Australia”, to the Natural Resources Committee (NRC) of the Parliament of South Australia outlines the responsibilities of Primary Industries and Resources South Australia (PIRSA) as manager of South Australia’s mineral resources.
These documents provide an overview of:
The NRC submission is in two parts, the Report and Appendices, both of which are available for download.