Explorer #3

July, 2024

WARREN PEARCE – CEO, AMEC

AMEC Partners

Production Tax Incentive

Following intense AMEC advocacy over the last year, the Commonwealth Government announced in the Federal Budget a $7B Critical Minerals Production Tax Incentive to drive downstream investment in Australian critical minerals processing.  Building off the AMEC PTC Report drafted by Mandala Consulting, a Production Tax Incentive will provide a 10 per cent tax credit to companies undertaking downstream processing that value-adds to raw minerals. AMEC members identified a tax credit as an important lever to encourage action. From a policy perspective, this incentive is a zero-risk approach for Australia to take. If companies do not produce a value-added product, they will not be eligible to receive a tax credit. This means that, unlike grants programmes, money is only spent when the sought after outcome is achieved.

The Critical Minerals Production Tax Incentive (CMPTI) is the cornerstone of the ‘Future Made in Australia’ strategy, and is Australia’s response to the international influx of massive market interventions seeking to secure downstream processing overseas. The CMPTI is one part of a broader advocacy strategy to make Australia competitive to keep more mineral processing in Australia.

AMEC’s advocacy was underpinned by the Mandala report which was taken to Government and the Opposition in November 2023, and then again with a delegation in February 2024. AMEC would like to thank the following companies for providing information and important operational data, that helped form the Report:

AMEC continue to engage with Cabinet, the wider Government, Opposition, Treasury and Departments on the delivery of the CMPTI.  The next steps will be to closely consult with Government on the exact terms and conditions in the legislative framework of how the tax credit will work.

For more see Critical Minerals Production Tax Incentive on AMEC’s website.

The CMPTI is important, but not a silver bullet. AMEC continues to actively work to cut red tape and working with State and Commonwealth Government’s to reduce the administrative burden on mining and mineral exploration companies. So that they can get on the ground quicker, and make the discoveries necessary for companies to need a CMPTI in the future.

 

Nature Positive Reforms

The reform of the Environmental Protection Biodiversity Conservation Act 1999 is an Election commitment by the Federal Government known as the “Nature Positive reforms”. On 16 April, Minister Plibersek announced that the nature positive reforms would be staged rather than entering Parliament in the winter sittings as originally proposed. Consequently, the Commonwealth Government has introduced into Parliament the following legislation:

  1. Nature Positive (Environment Protection Australia) Bill 2024
  1. Nature Positive (Environment Information Australia) Bill 2024
  1. Nature Positive (Environment Law Amendments and Transitional Provisions) Bill 2024

 

The legislation creates commonwealth non-corporate entities – EPA and EIA. Specifically, the CEO of the EPA and the Head of EIA. It confers powers on them and independence as a statutory body that can be guided via a Statement of Expectations.

The amendments and transitional Bill changes 9 pieces of environmental legislation. It is to enable the EPA and EIA. It also increases fines to a maximum of $780M. It is anticipated this legislation will be sent to committee in the Senate.

AMEC has met with the DCCEEW staff to discuss the progress. The Department are expected in Perth for a briefing in July – August. AMEC are seeking this meeting to be conducted among a broad as group as possible, as well as identifying opportunities in other jurisdictions for members to engage in person.

AMEC has also met with the Shadow Environment Minister. The Opposition are interested in feedback, and it is believed that the legislation will be directed to a committee when it enters the Senate.

AMEC hosted an Environmental Legislation Forum on 12 June 2024 to discuss the Nature Positive Reforms, which was attended by over 250 people.

 

Native Title Review and Aboriginal Torres Strait Islander Heritage Protection Act 1984

The Commonwealth Attorney General has issued a Terms of Reference for the Australian Law Reform Commission (ALRC) to inquire into the future acts regime in the Native Title Act 1993 (Cth). This Inquiry forms part of the Government’s commitment in response to the Northern Australian Committee’s Reports into Juukan Gorge. The ALRC will provide its final report to the Attorney-General by 8 December 2025.  Through the AMEC Aboriginal Affairs Committee, a subcommittee will draft a formal submission to Government.

The Aboriginal Torres Strait Islander Heritage Protection Act 1984 (ATSIHP Act) is under review. AMEC will continue to meet with DCCEEW and update members when there is further consultation opportunities.

NEW Website Link for State and Federal Critical Minerals Grants

AMEC is thrilled to share our one stop shop for critical minerals grants and funding opportunities, at both state and federal levels. 

Whether you are involved in the critical minerals space as an explorer, producer or service provider, there are opportunities offered from state and federal governments. AMEC has collated a list of the different funding schemes and support for members.

These opportunities include a range of monetary support such as grants, subsidies, and more, available for individuals involved in critical minerals exploration, production, or related services.

Visit the site here: Funding Opportunities Hub

** We think we’ve captured everything, but if you spot something we’ve missed please let us know so we can add it to the Hub. **

Mining Titles Reform

As called for by AMEC, since the 2017 Forrest & Forrest v Wilson & Orrs case undercut the security of Western Australian Mining Title, the Government has announced legislative reforms to occur before the end of the Parliamentary sitting year.

AMEC has strongly advocated over many years for security of mining tenure and for changes to the lengthy and costly challenges faced by explorers, during the tenement application process. Recent court cases, namely True Fella and Blue Ribbon, have created significant challenges that can only be fixed through legislative reform.

This is a clear sign that the WA Government, and the new Mines Minister, recognises the importance and contribution of explorers and miners, and the significant role they play on both a State and Federal level.

The announced reforms are crucial amendments for industry that should also take pressures off government departments that are dealing with a significant number of applications as a consequence of the recent court cases. 

The Minister will split the draft mining amendment legislation into two, with the goal to speed up the legislative process and deliver greater certainty to industry. There will be draft amendments to address common pitfalls in the tenement application process. These include addressing the validity of Section 58 Statements required to accompany an exploration licence application, the need for wet signatures, witnessing requirements and other minor administrative hurdles that have created outsized problems.

AMEC will work with the Department of Energy, Mining, Industry Regulation and Safety (DEMIRS) on the drafting and encourages members that are interested to engage with AMEC as soon as possible.

Native Title

AMEC continues to engage with members and the Government regarding the application of the Aboriginal Heritage Act 1972 and the rising cost of land access from Indigenous counter parties. Notably, the Tjiwarl settlement concluded last year including pricing that were out of step with the rest of WA and has lifted the cost of doing business across the sector.

The key charges to exploration that are the cause of concern for industry are in schedule 5 on page 321 of the Agreement those being:

  • $150/km2 upfront cost; and
  • 7% of the annual Exploration Expenditure on that Licence, as calculated from Expenditure Reports; or 30% of the annual rental payable to the State in respect of that Licence, whichever is greater.

There are believed to be eight settlements in various stages of negotiation currently by the State Government. There are over 130 settlements still be settled. So far, each Native Title settlement has included differing compensation and different Future Act arrangements.

The rising costs for land access, and the evolving settlements, have been identified by AMEC as an advocacy priority. AMEC is working with the members of its Aboriginal Affairs Committee to identify solutions.

Vogel McFerran Review

The WA Government review, led by former WA Environmental Protection Authority chair Dr Paul Vogel, and planning expert David McFerran, delivered 39 recommendations to Government in December.  The Government has accepted most of the recommendations, placing timeframes on their delivery. Read the 39 Recommendations here.

Several legislative amendments are included in the reforms, with drafting being led by the Department of Premier and Cabinet. AMEC expects consultation on drafted legislation soon, as the Government seeks to deliver part of the Vogel McFerran Review’s prior to the March election.

The Vogel McFerran Review was a subject of discussion at the recent AMEC Environment Legislation Forum on 12 June with a panel, including David McFerran presenting on how the review is be delivered.

Queensland budget quiet on resources 

AMEC was disappointed to see the Queensland Budget for 2024-25 did not provide support to minerals exploration or mining; it was particularly concerning to see the Collaborative Exploration Initiative was not extended. We believe however that with the state election in October this year, we have a real opportunity to achieve commitments that will benefit our members in reducing red and green tape. AMEC will be releasing its Queensland 2024 State Election Policy Platform in due course, which provides details around our ask of government. The Platform has been developed in consultation with the AMEC Queensland Advisory Committee.  

 

Minerals, Energy and Other Legislation Amendment Bill 2024 (MEROLA Bill)  

On 12 June 2024, the Queensland Parliament passed the MEROLA Bill. The Bill brought together legislative amendments associated with multiple resources related consultation processes that had been run since the release of the Queensland Resources Industry Development Plan in June 2022.  

Key changes that impact AMEC’s members include: 

  • Implementation on the Financial Provisioning Scheme three year review  
  • Rebranding GasFields Commission Queensland to ‘Coexistence Queensland’ and expanding its functions to include the broader resources sector, and the renewable energy industry 
  • Expanding the role of the Land Access Ombudsman to provide support on a broader range of land access disputes through alternative dispute resolution pathways 
  • Empowering the Minister for Resources and Critical Minerals to decide how and when land suitable for exploration is re-released, to support critical mineral exploration in Queensland 
  • Allowing the Minister for Resources and Critical Minerals to defer or set alternative rent in exceptional circumstances, such as natural disasters 
  • Introducing a threshold-based framework for aerial surveys conducted at 1000 feet or above so these activities will no longer be considered advanced activities and resource companies will not need to provide entry notices and periodic entry reports to landholders 

The Department of Resources has committed to consult with AMEC in operationalising changes that impact our membership.  

 

AMEC member working group: Gulf Water Plan Review  

AMEC has established a working group with members to help inform our submission in response to the Gulf Water Plan’s review. The role of the working group is to provide support/review the submission we develop and data that will be useful to supporting our positions. If you would like to be included and haven’t been contacted, please contact Amy – amy.warden@amec.org.au 

 

Safety – dust monitoring  

At a recent meeting with Resources Safety and Health Queensland (RSHQ), the regulator shared that they continue to be concerned over the low dust monitoring reporting. They are also concerned about workers not being clean-shaven and PPE therefore not being effective.  

We discussed with them the possibility of the State helping to fund or carry-out monitoring due to the challenges of having hygienists come to remote sites and the associated costs. We also discussed the conversation AMEC, RSHQ and the Australian Drilling Industry Association (ADIA) had in late 2023 regarding the possibility of site-based exploration workers completing the relevant SIMTARS course to do the monitoring themselves.  

To help build a case for having RSHQ help fund dust monitoring AMEC is seeking some case examples of costs and hygienists turning down work, please contact Sarah or Kate to share these if you have them.

RSHQ asked us to share this video with members – Why we need to manage dust: Miners’ health matters (rshq.qld.gov.au) 

Mineral Royalties Act 2024

The Mineral Royalties Act 2024 will commence on 1 July 2024. AMEC advocated strongly to the Northern Territory Government that the royalty for gold doré should be set at 2.5% down from the 3.5% they have stuck to. AMEC has been advocating for many years to see the Northern Territory Government move away from a profit-based royalty system to an ad valorem scheme. This is a positive move for the mining and mineral exploration industry and should bring more certainty and clarity to the royalty system.

Environmental Regulation of Mining (risk criteria and standard conditions)

The Environment Protection Legislation Amendment Act 2023 passed late in November last year and the new laws will commence on 1 July 2024 and apply to all mining activities including exploration and extraction. 

Since November 2023, AMEC has been consulting with the DEPWS regarding how the Government will implement standardised risk assessments to standardise broad environmental outcomes. The majority of mineral exploration activities would incur the same conditions, so this step toward standardisation is an obvious streamlining that will lead to clear expectations across the industry.

The risk criteria and standard conditions are currently in their final stages of consultation until 17 July 2024. For more visit Regulation of Mining on the NT Have Your Say website.

Mineral Titles Act and Regulations Discussion Paper

Previously consulted on back in 2015, the Northern Territory Department of Industry, Tourism and Trade (DITT) is considering reforms to the Minerals Titles Act that could streamline the operation of the Act. These reforms have finally been released for public consultation as of 18 June 2024 and are open until Tuesday 13 August 2024. 

Significant proposed amendments will address:

  • Conversion of non-compliant existing interests
  • Newly proposed mineral titles categories to support greater engagement
  • Clearer and more streamlined and stringent reporting requirements
  • Incentives to encourage increased activity on exploration licences and mineral leases
  • Additional initiatives to encourage meaningful activity and progress towards development of the resource
  • Increase operational flexibility for extractive mineral title holders
  • More flexibility for mineral title holders in tenure management.

AMEC will coordinate a time for a briefing with DITT and our Northern Territory members. For more visit Minerals Titles Discussion Paper on the NT Have Your Say website.

Dewatering Licences

AMEC hosted a briefing from the Northern Territory Department of Environment, Parks and Water Security (DEPWS) on how the Territory will regulate dewatering from mining activities. The definition that was decided on is: Dewatering is the activity of taking water necessary to maintain access, serviceability and/or safe operating conditions below ground level or involves the activity of intercepting contaminated seepage and groundwater plumes for the purpose of controlling pollution

The Government is seeking to regulate dewatering under the NT Environmental Protection Act as a drive to simplify regulation for mining operators and regulators to create a streamlined single view.

NT Policy Platform

The Northern Territory election is approaching and will occur on 24 August 2024. AMEC has shared its Policy Platform with a range of stakeholders and is seeking meetings to discuss further.

To read AMEC’s NT Policy Platform visit NT Election Platform 2024

South Australia Budget 2024/25

The South Australian Government released a surplus budget on 4 June 2024 as a result of better than expected GST and state tax revenues. Supported in part by the $420M received in royalties from the minerals and petroleum industry. However, debt will escalate beyond $38B as the Government borrows to fund ongoing initiatives, which underscores the importance of growing the SA resources industry and its annual royalty revenue.

The announcements that offer mining industry support include a $3.6M  commitment over 2 years to fund a Green Iron and Steel Strategy and further investment in the existing steel industry with $1.7M for the Whyalla steelworks.

The budget also included $4.1M to deliver the new hydrogen and renewable energy legislative program. We hope to see mining policy and development approvals back in the spotlight as critical government resources have been diverted from mining over recent years to deliver this legislation.

There was little in the budget to address major industry requests. The government remains silent on funding the Accelerated Discovery Initiative (ADI) and the long-awaited Critical Minerals Strategy and an accompanying development fund, for which there were no allocations made.

AMEC’s SA Budget Media release

AMEC’s SA Budget submission 2024-25

 

SA Networking Event and Advisory Committee

South Australia’s AMEC networking event was held on 23 May and attended by over 50 people. Membership Manager Doug Bowie gave an overview of AMEC’s journey leading to the development of the Production Tax Credit and working with the Commonwealth, who announced the Production Tax Incentive in the 2024-25 Federal Budget. SA Manager, Peta Abbot hosted the event and thanked sponsors Iron Road for kindly providing an office for her to operate out of in Adelaide.

Launch of SA’s Green Iron and Steel Strategy and EOI Forum

On 20 June, the South Australian Government launched the Green Iron and Steel Strategy – as part of the Government’s State Prosperity Project. The government is seeking involvement from businesses to jointly investigate and invest in building a green supply chain to make green iron production a reality. An Expression of Interest process is now in progress and submissions are due 1 October 2024.

South Australia’s big plans for Green Iron and Steel were also supported by a recent supply chain analysis demonstrating a 21% advantage to produce Green Iron in South Australia. This is underpinned by the States significant magnetite resources, and AMEC welcomes the commitment to support industry to grow value-adding opportunities.

AMEC SA Manager, Peta Abbot attended the launch of the strategy at the Green Iron and Steel forum along with AMEC members Peak Iron and Iron Road. AMEC will remain engaged in the process and provide feedback on behalf of members throughout the EOI consultation process.

Copper to the World from South Australia

South Australia’s copper opportunities were in the spotlight at the Copper to the World conference on 18-19 June in Adelaide. AMEC was a Collaboration Partner with conference organisers Austmine and it was great to see so many AMEC members presenting and taking advantage of the networking opportunities. The South Australian Explorer’s stand was a big hit and AMEC’s SA Manager was also out and about spending time with members and making new connections.

NSW Parliament to explore productive uses of land after mines

With several significant mining sites earmarked for closure in the coming decade, the NSW Parliament is launching an inquiry to investigate new and innovative approaches to post-mining land use. The inquiry will help ensure these sites can continue to bring economic investment and opportunities to regional communities even after the mines close.

There are more than 50 large active mine sites across NSW, 37 of which are coal mines. There are other sites which were previously used for mining which continue to offer opportunities for new, productive uses of land. Emily Suvaal, chair of NSW Legislative Council’s Standing Committee on State Development, is undertaking the inquiry for Minister Houssos which AMEC believes provides a great opportunity to prepare a submission on this topic in conjunction with members.

For more information visit: NSW Parliament to explore productive uses of land after mines

 

Industrial Manslaughter Laws in NSW 

The NSW Government announced that it is introducing new industrial manslaughter laws. Included would be the introduction of fines of up to $20 million and a 25-year jail term as part of a broader shake-up of NSW workplace safety laws. The current maximum penalty for the highest form of offence under the WHS Act – Category 1 – is 5 years imprisonment for an individual or a $3.8m fine for a body corporate.

NSW is the last mainland state without an industrial manslaughter offence. Industrial manslaughter laws will allow for a business or individual to be held responsible for the death of a person due to gross negligence in the workplace. A unit will be established in the NSW Office of the Director of Public Prosecutions that will be responsible for the prosecution of industrial manslaughter offences against individuals and, where appropriate, related bodies corporate.

 

Critical Minerals and High-Tech Metals Strategy

AMEC has provided a submission on NSW Critical Minerals Strategy here and provided several recommendations. At the regular AMEC & MEG meeting (held in April, 2024), AMEC were advised that broad consultation is a couple of months away and that the strategy will be a whole of Government document.

 

Remake of Mining and Petroleum Regulations

AMEC understands that regulations are being streamlined and expect to be involved in consultation over the next few months. AMEC has offered to be involved in the reviews and look forward to the opportunity to provide feedback and submissions.

 

Draft Agricultural Impact Statement

AMEC have provided stakeholder consultation on the Draft Guideline for Agricultural Impact at the Exploration Stage. This provided an opportunity to ensure that the mining project approval process, which is already lengthy and complex, does not include duplicated processes.

VICTORIA

Resource Victoria sets out new compliance priorities 

As part of its Towards 2030 Strategy, Resources Victoria has released its Compliance Priorities for 2024-2025, which sets out the key areas of focus for the regulator, including tailings storage, over extraction, rehabilitation, and community impacts.

Legislative Reform Roadmap

Resources Victoria held a third information session in late April for stakeholders interested in the Mineral Resources (Sustainable Development) Amendment Act 2023.  The session provided a high-level overview of the process involved to develop the new framework, supporting guidelines and regulations. AMEC is embedded within the stakeholder reference group along with working group meetings as part of the consultation on its initial design.

Victorian State Budget

AMEC welcomed the Victorian government’s decision to not penalise the State’s mineral industry stakeholders in its 2024-25 State budget, with no planned changes to the existing royalties regime, and no increases in fees and charges on the states miners and explorers. Government has allocated $48.1M through 2027-28 supporting the local resources sector to “achieve Net Zero and the Big Build”.  The bulk of funding will go to “support Resources Victoria to deliver improved efficiency and reliability of licensing approval functions, regulate potential harms in earth resource operations, and support industry investment into critical minerals and extractive materials with reform and targeted programs.”

The Department of Energy, Environment & Climate Action (DEECA) has introduced three new performance measures around licensing, work plans and rehabilitation bond processing with target processing benchmarks of 95% forecast for 2024-25. These new measures are designed to provide increased transparency and better reflect the separate areas of legislative responsibility. DEECA has also set a new objective for the “sustainable development of Victoria’s earth resources’ and identified two important indicators: (i) metres drilled for minerals exploration and (ii) level of production of minerals and extractives. AMEC continues to work with Government on the new legislation amendments released last year and in the important task of shaping a sustainable framework for the continued growth of the minerals industry in Victoria.

ABS March 2024 Quarter Exploration Data – VICTORIA

  • Total – $28.9M (DecQ 2023: $29.4M; MarQ 2023: $47.0M)
  • Greenfields – $7.9M (DecQ 2023: $6.4M; MarQ 2023: $4.9M)
  • Brownfields – $21.0M (DecQ 2023: $23.0M; MarQ 2023: $42.1M)

Fraser Institute Annual Survey of Mining Companies, 2023 Results – VICTORIA

  • Investment attractiveness index: 48/86
  • Policy perception index: 48/86
  • Best practices mineral potential index: 38/58
  • Lengthening permit approval times were also noted by 80% of respondents for Victoria. 60% of respondents said it was an average of 24 months is expected to spend getting the necessary permits, licences, or notices of work, etc. to conduct exploration activities. 100% of the respondents for Victoria claimed they couldn’t get their exploration permits in under 6 months—the highest permitting time for all jurisdictions in that metric.

 

TASMANIA

First round 8 EDGI data released

Mineral Resources Tasmania (MRT) released its first Round 8 EDGI co-funded drilling project report, having been completed in October 2023. Data includes the final report and all available geological, geochemical, and geophysical data, as well as drill core photos. The rest of Round 8 projects are expected to be completed in early November 2024.

Guide to recording and reporting drone geophysical data

MRT’s Reporting Guidelines specify that airborne geophysical data are submitted according to the ASEG-GDF2 standards developed and maintained by the Australian Society of Exploration Geophysicists. Recently the ASEG also endorsed the Guidelines for Drone Geophysics, developed by an international committee of practitioners including ASEG members. The guidelines are available for download
MRT considers drone surveys to be airborne geophysical surveys, which must be reported according to the ASEG standards, the same as on-board-piloted fixed-wing and helicopter platforms. This includes the requirement under section 165 of the Mineral Resources Development Act 1995 that all aerial geophysical surveys must be approved, prior to commencement, by the Director of Mines.

ABS March 2024 Quarter Exploration Data – TASMANIA

  • Total – $7.5M (DecQ 2023: $8.5M; MarQ 2023: $9.4M)
  • Greenfields – $1.7M (DecQ 2023: $1.0M; MarQ 2023: $1.6M)
  • Brownfields – $5.8M (DecQ 2023: $7.5M; MarQ 2023: $4.9M)

 

Fraser Institute Annual Survey of Mining Companies, 2023 Results – TASMANIA

  • Investment attractiveness index: 33/86
  • Policy perception index: 29/86
  • Best practices mineral potential index: 28/58
  • Respondents were increasingly concerned about uncertainty regarding Tasmania’s protected areas (+35 points), disputed land claims (+29 points), and regulatory duplication (+28 points). On overall investment attractiveness Tasmania ranked second last of all the Australian jurisdictions.

AMEC submission for Commonwealth on behalf of member companies:

 

To learn more please contact Neil van Drunen on 0407 057 443.

AMEC submission for Western Australia on behalf of member companies:

 

To learn more please contact Neil van Drunen on 0407 057 443.

AMEC submission for Queensland on behalf of member companies:

To learn more please contact Sarah Gooley on 0455 743 329.

To learn more on what AMEC is doing for NT policy please contact Neil van Drunen on 0407 057 443.

AMEC submission for South Australia on behalf of member companies:

 

To learn more please contact Peta Abbot on 0475 834 554.

To learn more on what AMEC is doing for NSW policy please contact Kerry Atkins on 0403 468 994.

To learn more on what AMEC is doing for Victoria and Tasmania policy please contact Stuart Glazebrook on 0402 216 835

Member to Member - LIMITED OFFERS

AustralianSuper is a global investment powerhouse, ranking in the top 20 largest pension funds in the world, with over $335 billion in management. Chances are you’re one of their 3.4 million Australian members, trusting them to manage your retirement savings.

As AMEC’s superannuation partner, we invited them to write about what’s shaping their investment decisions and how they plan to influence corporate behaviour in the process.

Australian Super’s Climate Commitment: Steering Towards a Sustainable Future.

AustralianSuper, the nation’s largest superannuation fund, is at the forefront of addressing climate change through responsible investment strategies. Our commitment to sustainability is embedded in our investment philosophy, as we recognise the significant impact that environmental factors have on financial performance and member outcomes.

As an active investor, AustralianSuper uses its ownership rights to influence better outcomes for our
members, advocating for robust Environmental, Social, and Governance (ESG) practices within our investment portfolio. Our ESG and Stewardship program, structured around the pillars of Integration, Stewardship, and Choice, is a testament to our proactive approach to investment management.

Our focus on climate change is evident in our commitment to achieving net zero carbon emissions by 2050 across our investment portfolio. This goal is pursued actively through strategic engagements with companies and the use of voting rights to influence corporate behaviour.

Our investment in energy solutions, including $1.4 billion in renewable energy, underscores our dedication to supporting the transition to a low-carbon economy. We believe that sustainable investments are not only environmentally responsible but also can lead to better financial outcomes
for our members.

AustralianSuper’s active investment approach includes the Socially Aware investment option, catering to the diverse views of our members and providing them with the choice to invest in line with their values. Our participation in collaborative groups like Climate Action 100+ further demonstrates our commitment to addressing climate change risks alongside other investors.

AustralianSuper’s approach to climate change and active investment reflects our dedication to delivering better retirement outcomes for all Australians. We are committed to using our size and expertise to make a difference, focusing on environmental and social issues that present the greatest risks and opportunities to generating top performance for our members. Together, we can pave the way for a more sustainable future, one investment at a time.

To learn more about how AustralianSuper invests for members, visit ‘How we invest members’ super’

Member in Focus

‘Member in Focus’ takes a deep dive with one of AMEC’s full members that has recently completed the transition from explorer to one of Australia’s newest gold producers.

Just over two years ago, Calidus Resources Limited delivered its first gold pour from the Warrawoona Gold Project in Western Australia’s East Pilbara district.

Managing Director David Reeves SPOKE about the journey to production and his advice to gold explorers struggling to make a discovery.

With over 20 years’ experience in the gold and precious metals sector, David also discusses gold as a market darling and gives his price prediction for the rest of 2024.

We hope you enjoy this conversation with SPOKE’s Senior Media Advisor Emily Evans, brought to you by AMEC.

Upcoming AMEC Events

Noosa Pitch ‘N Pizza – 16 July

WA Networking Drinks – 18 July

Mt Isa Networking Drinks – 21 Aug

NSW Networking Drinks – 26 Aug

WA Afternoon Tea – 30 Aug

Take a look at the full list of AMEC Events here

AMEC In Attendance

Noosa Mining Conference – July 17 -19 Noosa

Women in Mining Summit– July 23-25, Brisbane

Diggers and Dealers Mining Forum – August 5-7, Kalgoorlie

Australian Gold Conference – August 26-28, Sydney

New World Metals – September 3, Perth

Mines and Wines – September 4-6, Albury

Africa Downunder – September 4-6, Perth

New World Metals – September 10 & 12, Melbourne & Sydney

Mining the Territory – September 18-19, Darwin

With growing popularity AMEC events have become a great way to promote your company through sponsorship. Last year we had a record number of events and attendees. Be sure to put your company in front of our valued members. View sponsorship options

New Full Members

New Associate Members