2024 Policy Priorities
State Economic Development
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Northern Water Project The Northern Water Project is key to the expansion of mining activity in the Gawler Craton and reindustrialisation of the Upper Spencer Gulf. The resources sector has welcomed State and Federal Government investment in this important Project ahead of the State Budget. “The Northern Water Project remains a flagship initiative for SACOME, and we are pleased to see ongoing funding support from the South Australian Government. This project is critical to the growth of South Australian resources sector and South Australia’s ambitions for the green industrialisation of our economy.” - Rebecca Knol Further information here |
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Resources Sector Heat Map & Infrastructure Corridors SACOME calls for the completion and implementation of the South Australian Resources Sector Economic Heatmap and Resources Infrastructure Corridors initiatives. SACOME continues to call for the development of a Resources Sector Economic Heatmap to provide government, industry and investors with a consolidated understanding of the value of South Australia’s resources provinces and facilitate greater project investment across the State. Further information here |
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Critical Minerals Acceleration SACOME calls for completion of a Critical Minerals to Metals Strategy and the provisioning of $50 million as an initial investment in the proposed Critical Minerals Development Fund. This would capture the full value chain of South Australia’s resources and act as a jurisdictional advantage in accelerating development of critical minerals projects in South Australia. Further information here |
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South Australian CO2 Industry Development
SACOME calls on the Government to investigate appropriate financial supports for the development of a local CO2 industry in South Australia. Disruptions to food and industrial-grade CO2 supplies are impacting food and beverage industries, including major wineries, breweries, and soft drink suppliers. Shortages are currently being experienced due to plant shutdowns and exposure to high import prices. Further information here |
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Industrial Transition and Decarbonisation
SACOME recommends that consideration be given to the broader civic infrastructure requirements of the green industrial transformation to inform ‘whole of supply chain’ infrastructure planning. SACOME member company, SIMEC Mining, has made significant investments in infrastructure to decarbonise its operations and facilitate a ‘green transition’ of its industrial activities consistent with the State’s policy agenda. Further information here |