Resource Industry Outlook&

Nuclear Fuel Cycle Royal Commission

Jason Kuchel Chief Executive

SACOME

South Australian Chamber of Mines & Energy

South Australian Chamber of Mines & Energy

South Australian Chamber of Mines & Energy

1980M1 1981M5 1982M9 1984M1 1985M5 1986M9 1988M1 1989M5 1990M9 1992M1 1993M5 1994M9 1996M1 1997M5 1998M9 2000M1 2001M5 2002M9 2004M1 2005M5 2006M9 2008M1 2009M5 2010M9 2012M1 2013M5 2014M90.00

50.00

100.00

150.00

200.00

250.00

300.00 Metals and Petroleum Price Index

Metals Price Index, 2005 = 100, includes Copper, Aluminum, Iron Ore, Tin, Nickel, Zinc, Lead, and Uranium Price Indices

Crude Oil (petroleum), Price index, 2005 = 100, simple average of three spot prices; Dated Brent, West Texas Intermediate, and the Dubai Fateh

Asian Financial Crisis

Global Financial Crisis

1987 Black Monday

Commodities Boom

Shale Boom USA

Iraq War 2003Iraq War 1991

South Australian Chamber of Mines & Energy

South Australian Chamber of Mines & Energy

1960 [YR1960]

1961 [YR1961]

1962 [YR1962]

1963 [YR1963]

1964 [YR1964]

1965 [YR1965]

1966 [YR1966]

1967 [YR1967]

1968 [YR1968]

1969 [YR1969]

1970 [YR1970]

1971 [YR1971]

1972 [YR1972]

1973 [YR1973]

1974 [YR1974]

1975 [YR1975]

1976 [YR1976]

1977 [YR1977]

1978 [YR1978]

1979 [YR1979]

1980 [YR1980]

1981 [YR1981]

1982 [YR1982]

1983 [YR1983]

1984 [YR1984]

1985 [YR1985]

1986 [YR1986]

1987 [YR1987]

1988 [YR1988]

1989 [YR1989]

1990 [YR1990]

1991 [YR1991]

1992 [YR1992]

1993 [YR1993]

1994 [YR1994]

1995 [YR1995]

1996 [YR1996]

1997 [YR1997]

1998 [YR1998]

1999 [YR1999]

2000 [YR2000]

2001 [YR2001]

2002 [YR2002]

2003 [YR2003]

2004 [YR2004]

2005 [YR2005]

2006 [YR2006]

2007 [YR2007]

2008 [YR2008]

2009 [YR2009]

2010 [YR2010]

2011 [YR2011]

2012 [YR2012]

2013 [YR2013]

2014 [YR2014]

0

1000000000000

2000000000000

3000000000000

4000000000000

5000000000000

6000000000000

China GDP Real $USD

2014 = $5.2 Trillion

2000 = $1.4 Trillion

South Australian Chamber of Mines & Energy

Australian Mineral Exports

South Australian Chamber of Mines & Energy

South Australian Mineral and Petroleum Exports ($M)

Source: Department of State Development

South Australian Chamber of Mines & Energy

1. Infrastructure

2. Public Support

3. Collaboration

= Success

South Australian Chamber of Mines & Energy

New developments• Olympic Dam underground expansion

• $100s of millions in investment with 170km of tunnels

• BP, Murphy Oil, Chevron and Bight Petroleum exploration in the Great Australian Bight

• $1.2 billion guaranteed exploration (to 2016), further $1.1 billion non-guaranteed.

• Challenger gold mine and Kanmantoo copper mine life extensions

• Arrium Middleback Ranges upgrades at Iron Duke and Baron

• Iron Road MoUs with five major Chinese Steel Mills and pension funds for infrastructure investment

South Australian Chamber of Mines & Energy

Questions