charlie dowsett - nsw trade and investment - rebuilding the economy - the role of resources and...

NSW: Rebuilding the Economy The Role of Resources & Energy

August 2014 Charlie DowseD ExecuFve Director Industry Investment & Export Support Division of Resources & Energy

NSW: Resources & Energy

Industry Investment & Export Support   Create awareness and promo.on of investment in explora.on, development

and mining services

  Promote and grow investment in resources and energy in NSW.

  Engage the mining and mining services sector to understand current issues in NSW.

  Assist companies with projects to successfully achieve posi.ve development outcomes.

  Advise investors on opportuni.es in the resources and energy sector in NSW.

Silver, lead & zinc mine, Broken Hill


Key Issues

  Economic importance of resources and energy

  Challenges facing the sector

  Ac.ons Government is taking to lessen impact of challenges

Silver, lead & zinc mine, Broken Hill


Rebuild State Finances

  Mining industry contributed $1.3 billion in royal.es to NSW (2012-‐13)

  Royal.es from coal alone were $1.2 billion

  Mining industry directly employs about 33,000 people, and supports more than 130,000 jobs indirectly.


Statewide Mineral Resource Audit

The Department recently completed a long term project to map the loca.on and nature of all (non-‐energy) mineral and construc.on material deposits in NSW which are of state and regional significance.

This informa.on is primarily used to inform land use planning decisions to avoid sterilisa.on of important resource areas. The map you see shows iden.fied resources in red and poten.al resource areas in orange hatching.


Statewide Mineral Resource Audit

This informa.on can also be used for project genera.on by explorers in iden.fying parts of the state which represent mineral provinces such as the:  silver-‐lead-‐zinc province around Broken Hill (• purple dots)

 copper-‐gold province in the Central West (• gold dots)  .n province in New England (• pink dots).


NSW’s Investment ADracFveness

Most recent Fraser Ins.tute survey shows:

 NSW’s investment aXrac.veness has slipped -‐ NSW ranked 39th out of 112 interna.onal jurisdic.ons

 NSW lowest ranked Australian state on the Policy PercepFon Index

NSW investment in explora.on and mining capital expenditure also decreasing:

 In 2011/12 NSW mining investment = A$5.9 billion

 In 2012/13 decreased to A$5.5 billion  In 2011/12 NSW mineral exploraFon = A$242 million and decreased to A$150 million in 2013/14


NSW Mining Industry AcFon Plan

  10-‐year Industry AcFon Plan to be developed by industry-‐led Taskforce

  Taskforce will recommend strategies to drive growth, innova.on and produc.vity in resources sector

A Practice Leader, Health & Human Factors, onsite with an industry worker at a quarry in Lithgow.


NSW Minerals Quarterly Reviews

The quarterly reviews will provide   A geographical map of where the mineralisa.on has

been discovered in NSW.   An in depth review of the forma.ons and mineralisa.on

that have proven to host the mineral in NSW.

  A review of the current market par.cipants that are invested in that mineral −  Explorers −  Producers

  Investment opportuni.es that are available in that mineral.

This review will be made available on the website emailed to the Departments contact list and distributed globally through NSW overseas trade commissions and Austrade


NSW Trade & Investment: a key regulator   Mineral .tles: 835 ac.ve explora.on licences, 6 assessment leases, 628 mining leases

  Coal .tles: 183 ac.ve explora.on licences, 6 assessment leases, 357 mining leases

  Petroleum .tles: 39 explora.on licences, 1 assessment lease, 1 offshore explora.on permit, 6 produc.on leases

  14 coal projects = $7 billion

  15 mineral projects = $5 billion

  4 gas projects = $2.4 billion


Reducing ExploraFon Risks and Costs

  Core library loca.ons:

–  Broken Hill and Londonderry (Geological Survey of NSW)

–  Gunnedah, Gulgong, Wyee and Yerrinbool (Coal & Petroleum Resources)

A piece of core in the hands of a geologist


Common Ground: informing community


Geophysical and Geochemical Surveys

Maps available for download


Tin and Rare Earths

  New mapping program in the Wagga Tin Belt


CooperaFve Drilling Program

  “New Fron.ers” Coopera.ve Drilling Program in NSW   $2 million to fund up to 50% of explorers’ drilling costs up to $200,00

  Applica.on forms – www.resourcesandenergy.nsw.gov.au


New Service Delivery Standards

Average processing timeframes (business days)


ExploraFon AcFvity Approvals (SDNs)


ExploraFon AcFvity Approvals (REFs)


Review of Land Access ArbitraFon Process

  Independent review of land access arbitra.on process underway in response to community concerns

  Leading NSW barrister Bret Walker SC overseeing review

  Final report and recommenda.ons completed by end of 2014


And there is sFll more to be done….

  Implementa.on of ICAC Recommenda.ons –  Coal release areas & methodologies

  Community Engagement –  Community Liaison Officers – re-‐vamp –  BeXer on-‐line .tles and other informa.on –  Water data

  Processing Efficiencies –  Con.nued focus on achieving and improving against KPIs

  Red Tape Reduc.on –  Review of condi.ons, remove duplica.on (eg. Environmental reports)


Charlie DowseD ExecuFve Director

Industry Investment & Export Support Division of Resources & Energy

NSW Trade & Investment www.resourcesandenergy.nsw.gov.au

+61 2 8281 7309 [email protected]

charlie dowsett - nsw trade and investment - rebuilding the economy - the role of resources and...

Business