SA Mines and Energy Journal : June 2009
JUNE/JULY 2009 SA MINES & ENERGY JOURNAL 14 Hawker Britton understands government -- its figures, policies and priorities. We work with business to get government to work with them. Experience is our calling card. Getting results for business is our business. • Government relations and strategic political advice • Experienced consultants in the resources industry • Specialists in working with the Federal, South Australian and Northern Territorian Governments • Proven success assisting Chinese companies negotiate the many issues involved in investing in Australia Stephen Halliday +61 8 8407 3519 www.hawkerbritton.com FEATURE While there is much to recommend Australia to foreign investors, it is South Australia, in particular, that seems to have caught the eye of the Chinese. There are few places in the world more enticing to cashed- up Chinese investors. In fact, our state rates as the second most attractive place in the world (after Finland) for foreign investors, according to the 2008 Resource Stocks World Risk Survey. It is the best place in the nation to invest in mining. The survey found "South Australia is the best jurisdiction in this country by a significant margin" . Premier Mike Rann told the recent SA Resources and Energy Investment Conference that the state's minerals sector had eclipsed its other export sectors, including the wine industry, and now accounted for about 30 per cent of SA's total exports. Taylor Collison resources analyst Andrew Shearer said Chinese interest in Australia had come in two phases -- the first was at the height of the boom, when the Chinese paid boom-time valuations to secure a piece of the mining action, and the second phase is now, when the Chinese recognise they are sitting in the bargaining seat as miners desperately seek capital. "They realise now is an opportune time to make value acquisitions, " he said. "They're now working on a long-term value proposition model. " These days, barely a week goes by without Chinese investors visiting South Australia, considering how they can invest in our resource-rich state. One industry observer said there would be few, if any, The Chinese are picking over the carcases of Australia's miners and constantly monitoring the situation in SA. PepinNini Minerals.
April May 2009