SA Mines and Energy Journal : June 2009
JUNE/JULY 2009 SA MINES & ENERGY JOURNAL 10 INDUSTRYDEVELOPMENTS New renewable energy target Adelaide-based geothermal energy company Petratherm has applauded a government ruling for an expanded Renewable Energy Target (RET) for Australia. The Council of Australian Governments (COAG) has announced a new RET scheme ensuring that 20 per cent of the country’s electricity will come from renewable sources by 2020. “ The Government’s new RET scheme, in particular its decision to increase the renewable energy certificate penalty by $25/ MWh and extend the period to 2030, is likely to create greater certainty and improved NPV for geothermal project investment,” Petratherm Managing Director Terry Kallis said. Gas grid link-up The final link between the Queensland, South Australia and New South Wales gas markets was opened with the official launch by AGL Energy Limited and Epic Energy of two new gas pipelines and compression facilities in Queensland. The 180km, 400mm high- pressure gas pipeline known as the QSN (Queensland – South Australia – New South Wales) Link, constructed by Epic, has long been the missing link in the eastern Australian gas transmission system. The QSN Link will transport gas from the Wallumbilla gas hub through Epic’s South West Queensland Pipeline (SWQP) to connect with the Moomba-Adelaide Pipeline (MAP) System and the Moomba- Sydney Pipeline (MSP). Well of opportunity A number of surrounding uranium prospects hold the promise to offer equal if not higher-grade deposits than the advanced Crocker Well Project in eastern SA, the explorer developing the project has said. Norman Kennedy, Managing Director of PepinNini Minerals Limited, said the company had plans to investigate some of the 26 additional prospects where high-grade surface samples had been discovered. “ Crocker Well will be our opening project, but we believe the future development potential lies in the identification of new projects in the immediate vicinity of Crocker Well,” Mr Kennedy said. Zinc mine on target Owners of South Australia’s newest zinc mine expect to produce 15 to 16,000 tonnes of lead concentrate and up to 45,000 tonnes of zinc concentrate by the end of this year. Terramin Australia Chief Geologist Bob Singer said the company had successfully completed its ramp-up to full production rates during the March quarter at its $A71 million Angas underground mine near Strathalbyn, south of Adelaide. Angas produced its first concentrate production in July last year. “ The plant is performing well, we are now at full production and are continuing with a mine optimisation program to consolidate this performance. Terramin aims to achieve further incremental output from an ongoing focus on regional targets,” Mr Singer said. Rexco People provides competitive and flexible workforce solutions to the Mining & Energy, Oil & Gas and Infrastructure Sectors throughout Australia delivered by experienced professionals, working in partnership with our valued employees and clients. Need Staff? Get the Rexco People Advantage Head Office 11 Dudley Road Marryatville SA P (08) 8332 7210 Whyalla Shop 3, 17 Forsyth Street Whyalla SA P (08) 8645 5282 Port Augusta 500 Stirling Road Port Augusta SA P (08) 8641 3973 Brisbane 240 Ipswich Road Buranda QLD P (07) 3391 1880 Proudly South Australian Since 1970 www.rexco.com.au From managing all aspects of the recruitment and selection process to coordinating all pre-site logistical requirements of staff and equipment in compliance with site specifications. Rexco People are Australian leaders in workforce solutions and are currently servicing all metro and remote regions of Australia. Our cycle of service delivery is our advantage. ALGO/RE20A UCL Adelaide Professor Tony Owen has been appointed the first Director of the University College London School of Energy and Resources Australia (UCL SERAus) in Adelaide. The announcement confirms UCL’s move into Adelaide and marks the first time the prestigious university has opened a campus outside of the United Kingdom. Courses will begin in 2010. Professor Owen was previously Professor of Energy Economics at Curtin University and Co- Director of the Oil and Gas Management Research Group. UCL SERAus was first announced in 2008 and is the outcome of a partnership between UCL, the Government of South Australia and energy company Santos Limited. It will provide a range of programs designed for new graduates and established professionals to address areas of skills shortage identified by industry and government. It will also provide scientists and engineers with management skills through courses designed specifically for the energy sector. (L to R) Prof Tony Owen, Rt Hon Mike Rann, Prof Michael Worton, David Knox on the steps of the Torrens Building, UCL’s new home in Adelaide.
April May 2009