Supporting the Path to Market
SACOME calls for the completion and implementation of the South Australian Resources Sector Economic Heatmap and the Resources Infrastructure Corridors initiative.
South Australia has significant known mineral and petroleum reserves that represent yet unrealised wealth for South Australia. Realising growth targets for the resources sector will be substantially assisted by aligning requisite regulatory, development and investment attraction activity, against South Australian resources projects capable of delivering State growth targets.
The South Australian Resources Sector Economic Heatmap would identify:
Dovetailing with the Resources Sector Economic Heatmap, SACOME also calls on the State Government for full implementation of the Resources Infrastructure Corridors initiative to catalyse resources project development in South Australia and as an investment attraction measure for the State.
The Resources Infrastructure Corridors initiative will act as an infrastructure investment attraction tool by identifying and establishing infrastructure project pathways to major South Australian resources provinces. This includes holistically resolving land access, approvals and logistics issues and operating as a jurisdictional advantage by providing operators with a de-risked and expedited path to project development. Once implemented, it will provide the State with a competitive advantage by reducing the time and cost associated with developing resources projects in South Australia.
SACOME notes that work has commenced on a Resources Sector Economic Heatmap by Deloitte on behalf of the Department for Infrastructure and Transport (DIT) and is anticipated to be completed in 2023. SACOME also acknowledges that following a funding allocation in the 2020-21 and 2021-22 budgets, work is also being undertaken by DIT, the Department of Environment and Water (DEW) and Department of Energy and Mining (DEM) to advance a business case for Resources Infrastructure Corridors which is nearing completion.
SACOME seeks to further elevate this work through sustained funding and ongoing commitment by the State Government for the completion of both projects, the Resources Sector Economic Heatmap and Resources Infrastructure Corridors to provide a targeted and expedited path for project completion.