SOUTH AUSTRALIAN CHAMBER OF MINES & ENERGY
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New SACOME member signs $800 million alliance deal

The South Australian Chamber of Mines and Energy (SACOME) welcomes today’s $800 million alliance deal announcement by SACOME’s newest member, CU-River Mining Australia, to expand its Cairn Hill mine.

SACOME has been involved in the development of the South Australia’s Magnetite Strategy which charts a course to achieve target production of 50 million tonnes (mt) of magnetite per annum by 2030. CU-River’s news today supports this outcome with an ultimate production target of 15 mt per annum.

The resources sector generates 34% of South Australia’s exports worth $4 billion, making it our state’s highest value export; representing $6.4 billion of Gross State Product, employment of 26,740 South Australians, and a $208 million contribution to total State Government Revenue.*

Rebecca Knol CEO SACOME said: “Yet another good news story for SA, following recent announcements by BHP on their Southern Mine Area expansion and OZ Minerals Carrapateena project.

“Expansion of the Cairn Hill mine forms part of an exciting pipeline of discoveries and projects that support a sustainable and profitable resources sector, contributing to the South Australian economy.”

*Department of Premier & Cabinet 2017

Media contact: Rebecca Knol, CEO SACOME, 0409 012 007
Membership enquiries: SACOME, 08 8202 9999 or [email protected]

CONTACT THE SOUTH AUSTRALIAN CHAMBER OF MINES & ENERGY
​e: 
[email protected]  |  t: +61 (0)8 8202 9999
​
​3rd Floor, 115 King William Street, Adelaide South Australia 5000
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  • Home
  • ABOUT US
    • SACOME
    • Council
    • Committees >
      • Mining & Extractives Committee
      • Exploration Committee
      • Petroleum Committee
      • Energy Committee
      • Infrastructure Committee
      • Legislation & Regulation Committee
      • Economics & Tax Committee
      • External Affairs Committee
    • Governance
    • Membership
    • State Economic Contribution
    • Annual Sponsorship
  • NEWS & EVENTS
    • Media Releases
    • Events
    • SACOME Opinion
  • EDUCATION
    • STEM Digital Technology Program
    • Unearth Your Future
    • Student and Career Information
    • Playford Trust Scholarships
  • OUR POLICIES
    • 2025 Policy Priorities >
      • State Economic Development
      • Energy & Innovation
      • Infrastructure
      • Legislation & Regulation
      • Education & Promotion
    • Energy Policy
    • Climate Change
    • Nuclear Energy
    • Land Access Guides
  • PUBLICATIONS
    • 2030 Vision
    • Resourceful SA 2024/25 >
      • Copper
      • Silver
      • Gold
      • Iron Ore
      • Uranium
      • Kaolin
      • Mineral Sands
      • Graphite
      • Gypsum
      • Lead
      • Limestone
      • Zinc
      • Oil & Gas
      • Hydrogen
    • RESOURCEFUL SA 2020
    • Annual Reports
    • Blueprint for Mental Health
  • SUBMISSIONS
  • CONTACT