Sat, 05 Dec 2020

CANBERRA, Oct. 20 (Xinhua) -- The government of Australia's South Australia (SA) state on Tuesday revealed a plan to expand the state's mining and energy industries.

The government published a strategy identifying export as one of the nine areas it will focus on to accelerate economic growth in the wake of the coronavirus pandemic.

The strategy is expected to create 25,000 to 30,000 additional jobs in the state by 2030.

It set out four targets for the industry including increasing export revenue from 5 billion Australian dollars (3.5 billion U.S. dollars) per year currently to 8 billion Australian dollars (5.6 billion U.S. dollars) by 2025, and to 13 billion Australian dollars (9.1 billion U.S. dollars) by 2030, as well as achieving 100 percent renewable energy generation for the state by 2030.

The state government will spend 5.6 million Australian dollars (3.9 million U.S. dollars) on infrastructure to underpin private investment including making water available for mineral processing.

"Power, water, processing, freight - they're what miners need beyond the obvious need of a mineral or petroleum resource," Dan van Holst Pellekaan, SA's energy and mining minister, told News Corp Australia.

The strategy document said that SA's natural wind and solar resource advantages "can be leveraged for further investment" with van Holst Pellekaan saying the state was "unarguably among the global front runners leading the transition to a modern energy system."

Andrew Cole, chief executive of copper miner OZ Minerals, said plans to open the north of the state to mining would deliver a major economic boost.

"For example a water pipeline to the north of the state would create multiple opportunities as a key enabler not just for mining but also for other industries," he said.

Sign up for Sydney News

a daily newsletter full of things to discuss over drinks.and the great thing is that it's on the house!