Blessed with rich, natural assets, South Australia has provided minerals and energy resources to the world for more than 150 years.
The state has a diverse and resilient mining sector headlined by significant deposits of copper, gold, iron ore, uranium, graphite and mineral sands. We are home to one of the world’s biggest copper, gold and uranium mines, Olympic Dam, and one of Australia’s significant copper-gold mines at Prominent Hill.
In the energy space, we are home to Australia’s largest onshore oil and gas province. The mature Cooper and Eromanga Basins already produce significant petroleum resources and the less-explored Bight Basin provides a new frontier for investment.
South Australia also has world-class natural resources that are increasingly attracting investors in wind power, solar, geothermal and wave energy.
These vast natural resource assets are underpinned by a supportive, stable State Government, a highly skilled workforce and a respected regulatory framework creating an environment for low-risk, sustainable investment.
A new A$550 million comprehensive energy plan announced by the State Premier, Jay Weatherill, in February 2017 will create a number of opportunities in the energy sector. The plan will enable the state to lead Australia’s transformation to the next generation of renewable energy storage technology and create an international reputation in high-tech industries.
The government will establish a A$150 million fund to support projects that make renewable energy available 24/7, to provide power when needed. The Renewable Technology Fund will provide A$75 million in loans and A$75 million in grants. The first project will be a grid-connected battery, the largest in Australia, to provide 100 megawatts of storage.
The state government is also investing to unlock more of South Australia’s abundant gas resources. It will provide an extra A$24 million for a second round of funding under the Plan for Accelerating Exploration (PACE), which is now open. See Our Energy Plan 2017 for more information.
Invest for a state naturally rich with opportunity