The relaxation of legislation for non-military access in South Australia could result in $1 trillion worth of mineral wealth, according to the state`s peak mining body.
Yesterday the Federal Government approved a new plan for management and use of the Woomera Prohibited Area (WPA).
The chief executive of the South Australia Chamber of Mines and Energy, Jason Kuchel, said the area presented a great opportunity that could be unlocked under the new plan.
“The WPA, an area the size of England, and with an estimated trillion dollars worth of minerals, now has the potential to be unlocked for the benefit of South Australians, through investment, employment and royalties,”ť he said.
Kuchel said certain zones in the area would be “time shared”ť for mining and defence activities.
Copper and gold mining already begun
Major mines already operating in the area include the Challenger gold mine that was recently acquired by Kingsgate Consolidated and OZ Minerals` Prominent Hill copper and gold project.
WPG Resources also has it`s Peculiar Knob project in the region.
According to Kuchel, the WPA has over $35 billion worth of known deposits and the total mineral wealth has been estimated to be more that $1 trillion but he says foreign involvement in projects in the WPA was “not a totally resolved issue”.
Tasman Resources currently mines in the area and Mr Kuchel told the Herald Sun the company is getting strong drilling results from its projects north of BHP Billiton Ltd’s Olympic Dam copper and uranium mine.
Learn more about the Bowen Basin mining location.
The Bowen Basin contains the largest coal reserves in Australia. This major coal producing region contains one of the worldâ€™s largest deposits of bituminous coal.
The Basin contains much of the known Permian coal resources in Queensland including virtually all of the known mineable prime coking coal. It was named for the Bowen River, itself named after Queenslandâ€™s first Governor, Sir George Bowen.
The Bowen Basin covers an area of over 60,000 square kilometres in Central Queensland running from Collinsville to Theodore and is dotted with many coal mines operated by multiple mining companies.
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Resources and Infrastructure Industry (RII)
Commonly refered to as Black Coal Competency (BCC), the RII competency is one that can be attained by an operator who has previously worked in the industry and has completed a number of operating hours on various types of machinery.
RII competency is granted to prove correct and safe operation of mine site machinery. It is a very useful qualification to have, as it confirms the operator has the required experience and expertise.
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