MTA-AUS 2014

CONEXPO-CON/AGG VIP SHOW GUIDE contains Floor Plans and a complete listing of companies exhibiting at the ConExpo-Con/Agg 2014 trade show in Las Vegas March 3-7, 2014. It also contains 2014 forecasts for the Aggregate, Concrete and Cement industries

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MINING & TECHNOLOGY AUSTRALIA 2014 | ISSUE 8 11 to the economic development of the Eyre Peninsula and South Australia, Centrex has looked to provide a socially acceptable, environmentally responsible and economically viable export opportunity. At this stage, other miners have expressed interest in using the port for export and there has been signifcant interest from the grain industry. Alignment with strategic state and regional objectives THE UPDATED 2011 SOUTH AUSTRALIAN Strategic Plan (SASP) recognises the importance of growth in the state's export activities for meeting the key state objective of 'growing prosperity'. Port Spencer has the potential to help South Australia meet SASP targets directly and indirectly, by increasing export income, increasing the value of mineral production and processing and exploration expenditure. The project will directly increase export activities and will indirectly support an increase in resource sector activities on the Eyre Peninsula through the provision of a gateway to export markets. The state's Strategic Infrastructure Plan for SA 2004/5 – 2014/15 considers the strategic infrastructure needs of South Australia until 2015, as well as regional areas such as the Eyre Peninsula. It specifcally recognises the potential for improved port facilities on the Eyre Peninsula and includes port and industry development as regional priorities. Port Spencer will support the plan's objective to develop efcient, afordable and safe transport systems throughout the state and increasing investment in strategic areas of infrastructure (such as ports) (Government of South Australia, 2005). Port Spencer provides a privately funded strategic asset that directly aligns with state and regional development objectives and will support the continued development of the mining sector and other export industries in the region through the provision of a suitable private multi-user port facility. Mineral demand and development potential on the Eyre Peninsula T H E J U N E 2 0 1 3 A U S T R A L I A N B U R E A U O F R e s o u r c e s a n d E n e r g y E c o n o m i c s ( B R E E ) f o r e c a s t recognised the uncertainly of mineral prices and the softening of current China markets. It is forecast that the downward movement in the value of the Australian dollar will provide additional support for the resource and energy export market in 2013/2015 . T h e l o n g e r t e r m view is for continued global demand for i r o n o r e . W o rld trade of iron ore is expected to continue to in c r e a s e , w i t h e s t i m a t e d p r e d i c t i o n s o f a 5 p e r c e n t i n c r e a s e i n 2 0 1 3 r e l a t i ve t o 2 0 1 2 a n d 7 p e r c e n t i n c r e a s e i n 2 0 1 4 t o 1 . 2 7 b i l l i o n t o n n e s . Iron ore supply is strategically important to China as the world's largest producer of steel. Chinese investment has directly impacted South Australia, with Centrex entering into joint ventures with major Chinese steel makers Wuhan Iron and Steel Company (WISCO) and Baotou Iron & Steel (Group) Ltd (Baogang) to develop two of Centrex's projects. Centrex holds a total of 16 iron ore tenements in the region and two tenements in New South Wales. Current projects in South Australia are located within the southern, central and northern Eyre Figure 3: Port Spencer Visual Representation (Source: Centrex 2012)

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