South Australia’s Copper Scorecard · 2019. 8. 27. · on infrastructure upgrades at Olympic Dam....
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The Government of South Australia supports industry to leverage the value of the State’s rich copper resources. Investment in the State’s copper mines was led by infrastructure upgrades, Southern Mine Area expansion at Olympic Dam and construction of the Carrapateena copper-gold mine. These projects contributed to increased capital expenditure of $560 million for the year. Copper prices have rebounded to a four year high, positively impacting on production value, which increased to $2 billion in 2017, despite lower volumes than the previous year. Direct employment in the State’s copper industry remained around 5200, and job numbers were boosted by an additional 3100 people, temporarily employed in the second half of the year to work on infrastructure upgrades at Olympic Dam. South Australia’s share of national copper exploration expenditure has decreased and remains a challenge, as the copper inventory required to meet the goal of 1 Mtpa must come from new copper discoveries. Production increases for Olympic Dam and Carrapateena will continue to ensure that South Australia maintains its reputation as a global copper mining jurisdiction, exporting copper to the world to meet the increasing demand for ‘green’ energy minerals for a low carbon future. PRE-COMP DATA 1 $ 2.9 m No.5 in world for Geological Databases 2 EXPLORATION 3 $ 15.2 m 10% Australian share 130 companies exploring MINE DEVELOPMENT 4 Capital expenditure $ 560 m 8 advanced copper projects PRODUCTION 5 $ 2 bn 3 major copper mines 261,684 t Cu PROCESSING 6 1 single mine facility 2 off-site facilities 1 concentrate treatment plant in feasibility EXPORTS 7 17% of the state’s goods exports 3 companies with major offtakes 17 countries EMPLOYMENT 8 5200 + 3100 (Q4 2017) Olympic Dam upgrade Additional ~ 6630 METS 9 employees COPPER SCORECARD 2017 South Australia’s Copper Scorecard Copper Strategy Achievements to June 2018 1. PACE budget; 2. Fraser Institue Annual, Survey of Mining Companies 2017; 3. ABS Cat. 8412.0; 4. Company releases; 5. MRD Production Returns; 6. Nyrstar and Adchem; 7. ABS custom dataset; 8. MRD survey-direct employment; 9. Econsearch Mining Equipment Technology Services (METS) multiplier 1.3
Transcript of South Australia’s Copper Scorecard · 2019. 8. 27. · on infrastructure upgrades at Olympic Dam....
The Government of South Australia supports industry to leverage the value of the State’s rich copper resources.
Investment in the State’s copper mines was led by infrastructure upgrades, Southern Mine Area expansion at Olympic Dam and construction of the Carrapateena copper-gold
mine. These projects contributed to increased capital expenditure of $560 million for the year. Copper prices have rebounded to a four year high, positively impacting on production value,
which increased to $2 billion in 2017, despite lower volumes than the previous year.
Direct employment in the State’s copper industry remained around 5200, and job numbers were boosted by an additional 3100 people, temporarily employed in the second half of the year to work on infrastructure upgrades at Olympic Dam.
South Australia’s share of national copper exploration expenditure has decreased and remains a challenge, as the copper inventory required to meet the goal of 1 Mtpa must come from new copper discoveries. Production increases for Olympic Dam and Carrapateena will continue to ensure that South Australia maintains its reputation as a global copper mining jurisdiction, exporting copper to the world to meet the increasing demand for ‘green’ energy minerals for a low carbon future.
PRE-COMP DATA1
$2.9 mNo.5 in world for Geological
Databases2
EXPLORATION3
$15.2 m10% Australian
share
130 companies exploring
MINE DEVELOPMENT4
Capital expenditure
$560 m8 advanced
copper projects
PRODUCTION5
$2 bn3 major copper
mines
261,684 t Cu
PROCESSING6
1 single mine facility
2 off-site facilities
1 concentrate treatment plant
in feasibility
EXPORTS7
17% of the state’s
goods exports
3 companies with major offtakes
17 countries
EMPLOYMENT8
5200+ 3100
(Q4 2017) Olympic Dam
upgrade
Additional ~ 6630 METS9
employees
COPPER SCORECARD 2017
South Australia’s Copper ScorecardCopper Strategy Achievements to June 2018
1. PACE budget; 2. Fraser Institue Annual, Survey of Mining Companies 2017; 3. ABS Cat. 8412.0; 4. Company releases; 5. MRD Production Returns; 6. Nyrstar and Adchem; 7. ABS custom dataset; 8. MRD survey-direct employment; 9. Econsearch Mining Equipment Technology Services (METS) multiplier 1.3
Mine Company 2016 actual* (tonnes)
2017 actual (tonnes)
2018 company guidance (tonnes)
Olympic Dam (copper cathode)
BHP 168,600 142,400 135,000 (FY 2018)
Prominent Hill (copper in concentrate)
OZ Minerals 116,882 112,008 100,000-110,000
Kanmantoo (copper in concentrate)
Hillgrove Resources
13,624 14,802 22,000-24,000
Production from other mines (aggregated)
— <100 <100 —
*Volume reported by companies do not sum to the total mine gate production sale value of 261,684 tonnes, reported by the Mineral Resources Division.
Tracking toward 1 Mtpa Copper to the WorldMine expansions, new mines and advanced projects have progressed during the year, positioning the State for increased future production and exports. Given that the lag time from discovery to development may be more than 10 years, the challenge remains to make copper resource discoveries now, to address the discovery gap of the future.
Production from South Australia’s copper minesIn 2017, South Australia achieved production of 261,684 tonnes of copper valued at $2.0 billion. This includes 123, 233 tonnes of copper concentrate valued at $901 million and 138, 451 tonnes of copper cathode valued at $1.1 billion.
1 Mtpa copper1,200
1,000
800
600
400
261,684 tonnes produced in
2017
200
0
Undiscovered resources (including known deposits without a resource)Advanced projects and JORC resources
Operating mines and mine expansions
2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 20302015
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Copper project pipeline in South Australia
1 Mtpa COPPER to the WORLD
130 companies with 400+ EXPLORATION LICENCES for copper
Punt HillFremantle Doctor
Khamsin
MoontaKanappa
Doora West
Acropolis
Oak Dam
Breaden HillPrincess Royal
Jupiter Wallaroo
Lyndhurst
Kalkaroo
Carrapateenaunder construction
Q4 2019 production
Olympic Dam142,400 tpa
cathode
Prominent Hill
112,008 tpa in conc.
Kanmantoo 14,802 tpa
in conc.
EXPLORATION(positive drilling intercepts, assays or anomalies)
ADVANCED PROJECTS(JORC resource, feasibility studies underway)
MAJOR MINES(producing and exporting copper cathode & copper in concentrate)
Wirrda Well Anabama
Parabarana
Doora West
Emmie Bluff
Kapunda
Lake TorrensBurra area
Boorlooo
Paratoo
Hillside
$15.2 million copper exploration in 2017
including $1.3 million PACE Discovery Driling
$1 billionpotential capital expenditure
Mutooroo
261,684 t$2.0 billion
in 2017
Copper Claim
North Portia
Mount Gunson
Leigh Creek
25/06/2018-205078
ACTION THEME 1: Exploration, discovery and information 2018 ACTIONS
PACE Copper 3Gawler Craton Airborne Survey (77% complete) – one of the world’s largest high-resolution airborne geophysical programs, aimed at regenerating mineral exploration in the Gawler Craton 3Coompana drilling (complete) and gravity survey released to determine prospectivity of basement geology beneath the Nullarbor
Complete PACE Copper airborne
surveys and report results to industry
and the geoscience community
Develop prospectivity models with industry and researchers
Promote the South Australia Drill Core Reference Library (SADCRL) at Tonsley 3360,000 metres of drill core material viewed by 1445 visitors and explorers in the past year 365 events and industry forums including all Copper Strategy Success Seminars and International Copper Technology and Research Hub workshops
ACTION THEME 2: Developing innovative infrastructure, services and research 2018 ACTIONS
Strategic approach to copper research 3Opportunities sought to deliver the Copper Development Road Map 3Copper related programs at Institute for Mineral and Energy Resources, University of Adelaide, and Future Industries Institute, University of South Australia continue to be supported
Develop opportunities
identified in the Road MapNational mining services
3Copper Strategy and South Australia Minerals and Energy Services Strategy linked to support development of a world class services supply chain for the copper industry
ACTION THEME 3: Building industry and community capacity 2018 ACTIONS
Copper Strategy Success Seminars (CS3 ) delivered 3Making Good Decisions (15 Nov 17) 3 Leading your organisation in an age of disruptive technologies (23 Nov 17) 3 Tips for Mineral Explorers for Attracting Investment (14 Feb 18) 35G Resources and Heavy Industry Forum (22 Feb 18)
Continue to build international
profile and develop opportunities in South Australia’s copper industry
Strengthening community engagement 3South Australian Museum copper exhibit (June/July 2017) 3Supported Stronger Partners Stronger Futures – Aboriginal engagement program and visits
Copper promotion campaign 3Presented at the CRU World Copper conference Chile (April 2017 and April 2018) 3Copper to the World Conference, Adelaide (June 26, 2018)
Achievements to June 2018
South Australia’s Mineral Emblem
BORNITEBornite, known as peacock ore, is an ore mineral of copper.
The selection of bornite, in 2017, to become South Australia’s mineral emblem highlights the central role of copper to the economic development and future prosperity of South Australia. This rare specimen of bornite, from the Olympic Dam mine, is on
display at the South Australian Museum. Cu5FeS4
