SA Mines and Energy Journal : June 2009
JUNE/JULY 2009 SA MINES & ENERGY JOURNAL 9 The City of Adelaide is the centre of South Australia's commercial, cultural and government activities. An increasing number of firms in the resources sector are recognising the advantages the City offers in providing the best range of accommodation options, attracting and retaining staff as well as its proximity to key government decision makers. " " To find out more about the assistance Adelaide City Council can tailor to suit your business needs, please contact us on (08) 8203 7518. " " Adelaide CBD, as a base for an international business operation, offers many advantages such as superior business facilities, adequate car parking and access to all modes of transport. Through Council's outstanding Workforce Relocation and Organisation Expansion program, Terramin received invaluable assistance in identifying potential ideal office sites. We also received constructive, practical advice on how to relocate and in June 2007 we relocated to Westpac House and now enjoy the many benefits of the CBD setting. Adelaide City Council can help your business move into the City by assisting you identify accommodation options, streamlining Council processes and providing practical advice on business relocation or opening of a new office. Quotes by Kevin Moriarty, Executive Chairman of Terramin Australia Limited INDUSTRY DEVELOPMENTS "It is two years -- almost to the day -- since the ALP made its historic decision to abandon its stance against new uranium mines. The development of Honeymoon is testament to that decision, not just as an individual project but because of what it represents. "Following Honeymoon there are numerous other uranium projects at various stages of development in the state. " SA Premier Mike Rann and Minister for Mineral Resources Development Paul Holloway were joined at the ceremony by Japanese Ambassador Takaaki Kojima and Tokyo- based executives from Mitsui, Uranium One's joint venture partner in the project. Mr Rann said the Honeymoon project marked the first foray by a Japanese investor in Australia's uranium mining industry. "Once completed Honeymoon will be capable of producing some 400 tonnes of uranium oxide a year, worth about $80 million to South Australia's tally of annual mineral exports, " he said. "While 120 jobs are being created now in the construction phase, the joint venture partners expect to create about 60 new jobs at the mine early next year when the project steps up to full production. " OZ board to shrink OZ Minerals will shrink its board if its US$1.2 billion ($1.6 billion) asset sale to China's Minmetals is completed, transforming it from Australia's third-largest diversified miner to a sole-asset company. OZ Chief Executive, Andrew Michelmore (above right), will resign to become a senior executive with Minmetals. The miner will also reduce the size of its board from eight to six by not replacing two outgoing directors, Anthony Larkin, who resigned in May, and Ronnie Beevor, who will not stand for re-election at the annual general meeting (AGM) in June. In addition, chairman Barry Cusack and another director, Peter Mansell, will resign "to refresh the board'' once the Minmetals deal is complete and a new combined chief executive/managing director is appointed, OZ Minerals said. The company said Mr Mansell and Mr Cusack would quit before the 2010 AGM, and new directors could be appointed as replacements "possibly before they leave the board''. The new board will comprise five independent, non- executive directors plus the chief executive/managing director, OZ Minerals said.
April May 2009