Ann: RIU Conference Presentation, page-27

Power and Water.

If my memory serves me correctly HGO has a long standing contract for very cheap electricity. It also gets the massive amount of water needed in the processing from recycled waste water that is piped down from Adelaide thanks to a pipeline the SA government funded.

BHP looks like getting desalinated water funded by the SA government.

The SA Government loves copper royalties

”Mr Malinauskas said a multi-billion-dollar water program in the north of SA was a major investment in the state’s future.

SA is running a feasibility study with BHP over a plan to build water infrastructure to help service copper mines, with early estimates suggesting about $5bn will be needed to build the 260-megalitre a day desalination plant and 600km in pipelines needed to make the idea a reality.

.“Decarbonisation and the energy transition around it is going to be a major factor in the global economy. That means there is a lot of demand coming towards copper.

And for once, when it comes to critical minerals, copper time is in South Australia,” the Premier said.“We’ve got 70 per cent of the country’s copper resource, and the most economic copper resource.

So the gods are finally shining. We didn’t have hydrocarbons and gas and coal the same as Queensland, and we didn’t get Western Australia’s hematite iron ore. But we’ve got copper … We want to seize that opportunity and we can’t get to that … without a lot of water.”

The lobster trap:

Haven't times changed since, not so long ago, when the hand full of HGO posters who were trapped in the Hidden Gem Opportunity lobster trap were wondering when they could escape with a small "f " fortune. Not much talk of escaping at the moment now the big F fortune is lurking in the deeps.