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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Page 47 of 87

46 MINING & TECHNOLOGY AUSTRALIA 2014 | ISSUE 8 supporting the expanding mining sector and generating fow-on benefts for regional communities. Plans have progressed for each of the Yorke and Mid-North/Braemar, the Far North, and the Eyre and Western regions of South Australia, which will identify current and potential mining projects, the potential locations for strategic infrastructure corridors and hubs, and the implications and opportunities for local communities. This strategic initiative is to be commended – beter planning is always a desirable objective – but South Australia will still require signifcant funding to ensure the recommended infrastructures are put in place in a timely manner. And it is not just transport infrastructure that will be needed – transport infrastructure will be competing for funding with new and enhanced electricity, gas, water telecommunications and social infrastructure (such as schools and housing). That leads us to a conundrum, the infrastructure need is large but available government funding is limited. South Australia is no diferent to the rest of the nation, governments at all levels are strapped for cash and their ability to fund new and enhanced infrastructure is limited by budgetary constraints, the reticence to assume new debt, even for productive infrastructure investments, and the relentless pursuit of balanced budgets and surpluses. In the National Infrastructure Plan released in June 2013 by Infrastructure Australia concluded that: "There is a strong link between good infrastructure decisions and the long term performance and fairness of our economy and society. The lack of available infrastructure funding is the major constraint to bridging the gap between the infrastructure we have and the infrastructure we need. If we invest in the infrastructure we need, we can enjoy lower transport costs, lower congestion costs, and create more competitive industries." Infrastructure funding can be provided by either the private sector when it is a signifcant benefciary from the investment, or the three levels of government when community benefts warrant, whilst in many cases a partnership approach involving the public and private sectors will be necessary. There are many possible methods of acquiring private-sector funding for infrastructure, including bonds, superannuation funds, and PPPs and it is vitally important that the private and public sector work closely to choose the best funding sources for the diferent infrastructures proposed. Applying tolls on the use of infrastructure is another method of ensuring that the benefciary pays, and SAFC believes they should not be ruled out on political grounds before a meaningful and informed debate has been held. The transport infrastructure required to support the expanding mining sector covers all modes. New or upgraded airports may be needed to handle increasing numbers of FIFO workers and parcels of urgent freight (such as replacement machinery parts), particularly in regional areas. New and existing mines will import materials and export high volumes of ores and concentrates, requiring large ships and deep water. Three new ports, located at Port Bonython and Cape Hardy, both on the eastern side of Eyre Peninsula, as well as somewhere on the western side of Yorke Peninsula, perhaps in the Wallaroo/Myponie Point area, are currently proposed to meet this task. Existing ports will likely also need to expand to facilitate interim solutions for miners seeking access to markets so as to generate the necessary cash fows to fund future expansion. Lucky Bay on the eastern side of Eyre Peninsula is expected to develop as a barge operation transporting iron ore to capsize vessels anchored in Spencer Gulf. SERVICES & INFRASTRUCTURE

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