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

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300.00Metals and Petroleum Price Index

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

Crude Oil (petroleum), Price index, 2005 = 100, simple average ofthree spot prices; Dated Brent, West Texas Intermediate, and theDubai 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

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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