South Australia aims to create 30,000 mining jobs by 2030

Australia’s mining is set to receive a massive shot in the arm after a challenging 2020 with the South Australian Government announcing plans to create up to 30,000 mining jobs in the state by 2030.

The announcement came as part of the Building on our Strengths strategy which has identified nine key pillars – including mining – to grow the state’s economy after it was ravaged by COVID-19 like the rest of the country.

South Australian Minister for Energy and Mining Dan van Holst Pellekaan said the plan included a combination of investing in clean energy resources as well as natural resource exploration and mining, projects that would lead the state out of the doldrums experienced during COVID-19.

“Ensuring our natural resources are developed and managed responsibly is an important element in ensuring South Australia eventually emerges stronger from the COVID-19 pandemic and the global economic downturn it has triggered,” van Holst Pellekaan said.

“Removing barriers and facilitating progress are key pillars of South Australia’s Energy and Mining Strategy and will help to focus on resources and energies where they are most needed.

“Building upon the feedback from the consultation, a new $5.6 million investment will help new and expanding resource projects in South Australia by addressing issues around infrastructure and water.”

Australia looking to recover from 2020 with strong mining operations moving forward

There is no sugar-coating it, 2020 has been a rough year for the Australian mining sector.

This extends to the mineral exploration sector as well, which took a 6.8 per cent hit in the June quarter, dropping by $48.3 million. However, this drop came after exploration reached a peak of $716.1 million in December 2019 after falling as low as $336.2 million in June 2015. That means there are encouraging signs the sector can rebound as long as governments are investing in new projects.

But there have been strong signs of recovery, especially in Western Australia which returned $172 billion in sales in 2019-20 which was built largely on iron ore sales valued at a record $103 billion.

A number of new projects have been approved as well, including the Fortescue Metals Group iron ore operations at Eliwana, Western Australia which is expected to commence in December 2020.

The Federal Government has also prioritised mining in the annual Federal Budget which has pledged $4 billion towards the training and education of young skilled workers as well as research and development in supporting industries.

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