RESOURCES: THE DIRT ON FUTURE OPPORTUNITIES PRESENTED BY DARREN STARR NATIONAL TOWN PLANNING LEADER FYFE EARTH PARTNERS
TOPICS TO BE COVERED1. What might the mining boom mean for SA?2. What will the expansion mean for Regional SA?3. What industries, regions and investments represent opportunities for SA business?4. How can the property industry benefit from the impact of expansion?5. What can Government do to encourage resource sector workers to live in Adelaide or regional centres?
Some Key Statistics• 19 major mines in SA Operating or under construction — including Olympic Dam, Challenger, Beverley, Leigh Creek, Honeymoon and Prominent Hill (January 2012)• 26 advanced projects In feasibility, assessment or approval stages (January 2012)• 113 potential mines Where exploration or investigations are occurring (January 2012)• In comparison, WA has approximately 270 operational mines
Mining Boom will:• Impact on consumer and business confidence• Offer significant employment opportunities• Create a base to attract skilled workers• Create lead up work for mine establishment• Generate demand for housing and support services• Generate royalties/tax revenues• Provide significant infrastructure• Create opportunities for innovation and development
• Localised employment in service industries or transport/processing of minerals (e.g. Arafura Rare Earths outside Whyalla)• Opportunity to compete for new residents – yes it is a competition!• Urban development/population growth, reversing recent trends• Growing populations make provision of government services more economically viable (e.g. hospitals, schools, etc)
• Capital works (e.g. roads, ports) have the ability to assist the development of other industries• Mining companies are traditionally active in local communities (e.g. Hillgrove in Kanmantoo)
WHAT INDUSTRIES & REGIONSREPRESENT OPPORTUNTIESFOR SA BUSINESS?
Industry & Regional Opportunities (Property Industry)• Use of emerging technologies or techniques (e.g. modular design and construction or prefabrication)• Eyre Peninsula is a region that will see growth due to its natural attractions and lifestyle• Port Lincoln as the major service centre for Eyre Peninsula would seem a key location likely to experience growth
Industry & Regional Opportunities (Property Industry)• Upper Spencer Gulf – Whyalla, Port Augusta & Port Pirie are major towns in close proximity to the emerging mining areas• Adelaide – livable city in close proximity to the mining jobs
HOW CAN THE PROPERTYINDUSTRY BENEFIT FROM THEIMPACT OF EXPANSION?
• Assist local communities to develop their ‘point of difference’• Provide a range of housing choice (e.g. greenfield detached, brownfield medium density or inner city high density housing forms)• Up skill the property industry at all levels to support the growth• Provide adaptable housing in target areas to prevent accommodation stress (e.g. oil & gas areas of Qld)
WHAT CAN GOVERNMENT DOTO ENCOURAGE RESOURCESECTOR WORKERS TO LIVE INADELAIDE OR REGIONALCENTRES?
State Government Role• Preserve the key features that make Adelaide a livable city so we can compete for skilled labor and capital on a global scale• Allocate sufficient resources to the implementation of the 30 year Plan for Greater Adelaide and the Regional Planning Strategy
State Government Role• Ensure that regulatory frameworks promote development of resources in a sustainable and equitable manner• Ensure that regulatory frameworks (planning and development) allow regions to respond to changing demands or emerging issues (e.g. use of temporary housing to meet unanticipated demand)
State Government Role• Assist regional communities that lack skills or resources• Coordinate provision of essential infrastructure to major mine sites and regional communities• Work with industry and employment groups to appropriately train existing residents/workers in the skills required to service the mining sector