SA Mines and Energy Journal : April-May 2010
8 APRIL/MAY 2010 SA MINES & ENERGY JOURNAL INDUSTRY NEWS 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 a 1.5Mtpa (million tonne per annum) LNG plant for 20 years. Drillsearch claims to have a prospective resource of 9.9 to 19.9Tcf, according to an investor presentation released to the Australian Stock Exchange. "Recent major global transactions support commercial viability of unconventional resources. " Drillsearch also said its cashflow in calendar 2010 would improve sharply due to a recovery in oil prices and first oil from its Chiton discovery, also in SA's Cooper Basin. When this discovery was announced in February last year, Drillsearch said it could lift its oil production by 200 per cent. Options sought for Carrapateena Global banker Rothschild has been retained to assess strategic options for the Carrapateena project for owners Teck Australia and RMG Services, according to a report on Mineweb. The project, on the eastern margin of South Australia's Gawler Craton, hit world business headlines on the basis of just one of its significant drill holes, with an average copper grade of 2.1 per cent and an average gold grade of 1 gram per tonne. Teck Australia is a subsidiary of the big Canadian miner Teck Resources, while RMG Services is the private company of Rudy Gomez, the Adelaide engineer who risked drilling the project and gained an option over Carrapateena. However, Teck Resources was hit hard by the late 2008 recession and may be looking to another major to develop the project. Rothschild's Sam Brodovcky said copper mineralisation at Carrapateena consisted of chalcopyrite and bornite with a high-grade bornite zone. New MD for Minotaur Australian mining executive Andrew Woskett has taken up the position of Managing Director at Minotaur Exploration. His appointment follows the retirement of non-executive Chairman Rob Annells and his replacement by company founder and former MD Derek Carter. Mr Woskett, former Managing Director of Ballarat Goldfields NL, has been involved in a number of Australian mining landmarks, including development of the Kalgoorlie Super Pit and expansion of the Bougainville copper/gold mine. He also advised on development strategies for the proposed open-pit expansion at the Olympic Dam copper, gold and uranium mine. "We are delighted to have secured the services of Mr Woskett, who over the past 30 years, has personally managed multi-million-dollar capital raisings, conducted numerous feasibility studies and developed strategic plans for major new projects, including minerals exploration and mining, "Mr Carter said. "He brings to the board and management the right set of development skills at a time the company is actively seeking more advanced mining projects, in addition to its existing exploration portfolio of gold and copper/gold projects in South Australia, New South Wales, Queensland and Nova Scotia, and advancing the development of the highly prospective Poochera kaolin deposit on the west coast of South Australia. "