State Economic Development
“SACOME’s members are a significant contributor to the South Australian economy."
Prosperous state economic development is a goal that SACOME shares with the broader South Australian community.
The resources produced by SACOME members make a significant contribution to the South Australian economy through royalties, export revenues, employment and the provision of minerals, oil and gas to domestic and global supply chains.
South Australia has an abundance of mineral wealth; however, the state’s challenging geology means extracting these commodities is an expensive and lengthy proposition for operators.
Reducing operational expense, improving access to land and incentivising exploration are fundamental to ensuring the ongoing development of resources projects in South Australia.
Resources moratoria are an inhibitor of state economic development as they impede the ability of the sector to develop new supplies, distort markets and drive up the cost of critical feedstocks like gas with flow on effects for industrial, commercial and domestic users.
Government and industry must continue to work in partnership to resolve these challenges if the economic opportunities arising from commodity projects are to be realised.
SACOME advocates for policy and funding outcomes that encourage growth and investment in the resources sector while dispelling sovereign risk concerns.