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Wednesday 30 June 2010
Vol. 3 No. 30
Mining tax changes leave many questions
By Michael Catchpole,Chief Executive, The AusIMM (Australasian Institute of Mining and Metallurgy) - press release dated 2 July 2010
Prime Minister Julia Gillard’s changes to the mining tax have relieved political pressure on the government, but there are many questions still to be answered in terms of the impacts on the mining industry, employees and communities.
As widely anticipated, the government’s compromise offer does not include the exploration rebate that was a feature of the original Resources Super Profits Tax (RSPT).
The scrapping of the exploration rebate is of particular concern to the Australasian Institute of Mining and Metallurgy (The AusIMM), which represents 10,000 professionals working in the minerals industry.
AusIMM President Greg Chalmers said the exploration rebate was one positive feature of the original mining tax proposal, but its potential benefits had been lost in the overall super tax proposal.
"The exploration rebate has now been excluded from the compromise deal reached with the three major mining companies," Mr Chalmers said.
"We realise this is a pragmatic decision by the government in its bid to preserve the net revenue expected to flow from the new Minerals Resource Rent Tax (MRRT), but it once again breaks a clear 2007 election promise by the Labor Party to encourage increased exploration in Australia.
"The AusIMM and other industry groups have made submissions to the government since 2007 arguing for the introduction of a flow-through shares scheme to correct a long-standing anomaly in the national tax system.
"Indeed, the opportunity to replace our depleting mineral inventory through increased exploration activity is the only way to address the Prime Minister’s major concern expressed this morning: That mineral resources can only be extracted once.
"While the great majority of iron ore and coal companies wait to be consulted on the details of the proposed resource rent tax, The AusIMM and others will be asking the government how it plans to restore Australia’s position as a leading explorer and therefore how the revenue benefits from this sector can continue to be enjoyed by government, industry and the community beyond the life of existing mines."
Mr Chalmers said The AusIMM would take its concerns to the government’s Policy Transition Group, headed by former mining industry leader and respected businessman Don Argus and Resources Minister Martin Ferguson.The AusIMM
The Australasian Institute of Mining and Metallurgy (The AusIMM) represents 10,000 professionals working in the global minerals industry. Our role is to maximise opportunities for professionals in the minerals sector through continuing professional development and to represent members on global, national and local issues that affect them and their communities.
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(From the DCCP June 2010 General Meeting)
MAYOR'S REPORT (extracts)
Council continues to work through the issues of the RAES subsidy and outstandingamounts owed to Council from previous years with Energy SA. Although we are confident that progress is being made, the amount and method in which the RAES payments will be made in 2010/2011 remains uncertain at this time. The problems are further exacerbated due to the state budget not being handed down until September this year, resulting in a lack of commitment from all State Government departments. I have contacted Minister Pat Conlon and requested that the same procedures that were adopted by his department this financial year regarding the allocation of RAES payments are not replicated in 2010/2011.
It is timely to draw Councillors attention to the upcoming Council Elections inNovember. Some key dates to remember are,
FRIDAY 13 AUGUST 2010 - Voters Roll Closes
TUESDAY 7 SEPTEMBER 2010 - Nominations to stand as a candidate OPEN
(12noon) TUESDAY 21 SEPTEMBER 2010 - Nominations to stand as a candidate CLOSE
MONDAY 25 - FRIDAY 29 OCTOBER 2010 - Ballot Packs sent to enrolled voters
(5.00pm) FRIDAY 12 NOVEMBER 2010 - Voting closes (completed ballot forms must be lodged and received by Electoral Officers.
IMX are now moving into production following their first blast this month. I am advised that there are currently 23 operators on site, of which 11 are local. IMX and Exact are looking at increasing this percentage over time but as is the case with the front end of all of these mining projects, experienced personnel are required first. It is expected that there will be 100 direct employees at Cairn Hill and that the majority of these will be locals. The number of ancillary jobs that will be created as a result of the Cairn Hill operation is unknown at this time but is likely to be considerable and will hopefully entice families to relocate or move back to Coober Pedy.
I continue to hold discussions with Altona Resources and their communications representative Marlow Communications regarding their Coal to Liquid Fuel and power generation project in the Arckaringa Basin just north of Coober Pedy.
Altona Resources recently announced a joint venture with CNOOC-NEIA to undertake a bankable feasibility study for the commercialisation of the Arckaringa project. The study is expected to take approximately 12-15 months.
I have extended an invitation to Altona Resources and Marlow Communications to attend Coober Pedy in the next couple of months and hold a public meeting in order to update our residents on the progress of the Arckaringa project.
Department Report For The Month Of May 2010
From: Jan van der Merwe, Works Manager
DOG AND CAT MANAGEMENT
Returned to Owners 2
Dogs Destroyed 19
material was carted in from the drive in area for the construction of
Thursday, 27 May, a break down on an Alliance Air F50 happened at Broken
about 23:55 hours, the pilot of the Flying Doctor called the Works Manager.
failure in town. SES crews were called in and they placed the emergency
The monthly rain fall in Coober Pedy was about 49mm
with 25mm at the airport.
Report For The Month Of May 2010
From: Graeme Norton, Electricity Distribution
Distribution Power Outage
8th May - an excavator pulled down the SWER line to Tom Cat
Four customers were without
power for 9 hours.
Ninety two customers were
without power for 3½ hours
all customers on the Hospital
Feeder, Potch Gully SWER and Hopeful Hill
all customers were without
power for 3¼ hours
then 65 customers on the
Hospital Feeder were without power for an
Report For The Month Of May 2010.
From: Troy Tarlo-Yautakas, Economic Development
The Far North Economic Development Forum is being planned for the
will be informed once a firm date has been set.
I have completed the Business and Media Plans for 2011 Gem Trade
I’m drafting a Business and Marketing Plan for the Coober Pedy Miners
I’m writing a submission for funding under the ARTS SA Public Art
The Opal Alliance held a meeting in Andamooka 25th to 26th May in
I Met with OZ Minerals representatives in relation to a Prominent Hill
I provided the Coober Pedy Drive-in Committee with options for
I was elected as a Committee Member of the Coober Pedy Opal Miners
To Rename Oxiana Oval
Cr M Maylin Seconded: Cr G Sykes
Council agrees to rename ‘Oxiana Oval’ to ‘OZ Minerals Oval’ as
the request outlined in the letter of Mr Ross Sawers dated 24th
on the basis that OZ Minerals meet all costs associated with the
Of Crocodile Harry's
Trevor McLeod, Chief Executive Officer
the meeting on 20th April 2010, Council resolved
to advertise for Expressions of Interest for the future sub-licensing,
management and operation of Crocodile Harry’s. Furthermore Council resolved to
accept the offer by Mr Tim Nagy to act in the temporary role of caretaker of
Crocodile Harry’s until the future management and operation of the property is
advertisement was placed in the Coober Pedy Regional Times seeking Expressions
of Interest and advising that any interested party will be responsible for any
and all costs associated with sub-licensing the property from Council and ensure
that a current public liability insurance policy is in effect at all times,
which also indemnifies the District Council of Coober Pedy.
proposed the above course of action in order to ensure the historical
parties were required to provide the following information:
• Management structure and type of
• Relevant experience in the tourism
and hospitality industry
• Relevant experience in the operation
of a similar or like attraction
• Details of relevant courses
• Written confirmation of acceptance of
terms of sub-licensing and public liability insurance costs.
the closure date, Council had received the following Expressions of
Mr Tim Nagy
Mr Nick LeSouef
by Mr Tim Nagy
• Letter from Brace Education Training
Employment re NEIS training
• Certificates attesting to courses
• Exchange of emails with Mr John Lever
(Karoona Crocodile Farm)
Nagy’s Expression of Interest has addressed the criteria outlined above
by Mr Nick Le Souef
Le Souef’s Expression of Interest is confined to the use of a small dugout
room located some distance behind the main dugout. His reasons for use of
Le Souef has not addressed the criteria outlined above however I believe
operation of the property as a tourism venture.
Le Souef advises he will let me know on Monday 14th
if he wishes to add further to his original Expression of Interest. Any
additional information will be provided prior to the Council Meeting.
Mr Le Souef decide to restrict his interest to that as originally detailed, I
believe that it is inappropriate to have two (2) persons endeavouring to operate
on the same property.
Cr B Staines Seconded: Cr M Maylin
Mr Tim Nagy be advised that he is the preferred operator for the
and operation of Crocodile Harry’s subject to satisfactory
management and operational arrangements being entered
Of Expenses - Mr Khuram Saleem Permanent
Cr M Maylin Seconded: Cr K Woon
Council pay Mr Khuram Saleem the amount of $3,000
towards expenses associated with his Permanent
application on the basis that he serve a period of three (3)
from the date of granting of his Permanent Resident Status and
he leave Council’s employ prior to the expiration of that period
will be required to repay that amount on a pro-rata basis.
& DISTRICTS FOOTBALL CLUB
11 26th June 10
Olympic Dam 9 goals 14 behinds 68 points defeated Roxby Districts 5 goals
3 behinds 33 points
Best players for OD 1st S Peek 2nd B Rynne 3rd
D Moyse 4th M Spinks 5th C Green
Goal scorers S Montgomerie B Rynne 2 goals R Summerton R Montgomerie D
Webb C Green
M Barrie 1 goal each
Best players for Roxby 1st J Rose 2nd J Pyke 3rd
J Chislett 4th S Crafter King 5th J Smart
Goal scorers T Roberts 2 goals M Bennie S Finey K Zeptner 1 goal each
Hornridge 17 goals 16 behinds 118 points defeated Coober Pedy 10 goals 8
behinds 68 points
Best players for Hornridge 1st N Tuthill 2nd P
Rhodes 3rd R McDonald 4th B Cooper 5th M
Goal scorers C Rainsford 4 goals W Giles R McDonald J Carroll 2 goals
each L Budden K Gill
L Malcolm P Rhodes L Munro N Tuthill B Cooper 1 goal each
Best players for CP 1st A Shakes 2nd Z McKenzie 3rd
J Crisa 4th J Tappin 5th A Dingaman
Goal scorers Z McKenzie 5 goals B Lennon J Tappin A Dingaman T Hannes F Kenny 1 goal each
Psalm 95 verses1 & 2: Come let us praise the Lord! Let us sing for joy to God, who protects us! Let us come before him with thanksgiving and sing joyful songs of praise.
Church Meeting Times Catacomb (Anglican) Sunday 9.30am Catholic Saturday 6.30pm Sunday 10am Coober Pedy Revival Fellowship Sunday 10.15 am, 7 pm Wed 7.30 pm Coober Pedy Brethren Sunday 10am
Coober Pedy Christian Home Church Sunday 3pm Ph 0417 814 559 or 0408 890 280 Coober Pedy Community Church - Assembly of God, Paxton Rd Sunday 10:00 am Wednesday 7:00 pm Friday Prayer Meeting: 7:30pm