In March, SACOME made a submission into the Directions Paper to help develop South Australia’s magnetite strategy.
The directions paper provides a positive framework for the development of a magnetite strategy in South Australia. The implementation of a long-term, sustainable magnetite strategy has the ability to realise many opportunities in the State, including increased investment, royalties, jobs, export trade, and further development of key markets.
It is important that the magnetite strategy addresses all the challenges facing the development of magnetite resources, as outlined on page 12 of the Directions Paper. Consideration needs to be given to the ways in which these challenges will be addressed from a government, industry and community perspective.