Tom Koutsantonis May 12, 2016
Resource industry leaders will attend a workshop today to develop the South Australian Government’s Magnetite Strategy, which will aim to secure $10 billion worth of committed investment in iron ore mining projects.
The Magnetite Strategy Workshop, which will be hosted this morning by the Department of State Development at the Adelaide Convention Centre, begins the process of identifying opportunities for growth in the sector as well as what needs to be done to maximise the economic benefits of the resource to the State.
Securing that investment within the next five years would represent a major step toward reaching the target of 50 million tonnes of iron ore exports a year by 2030.
The long-term Magnetite Strategy also seeks to establish South Australia as the foremost global source of quality magnetite product for steelmaking.