Australian Handbook 2022 Mines and Services RRP $ 219 CONTACT US P (08) 6314 0301 E support@australianminingreview.com.au 160 Beaufort Street, Perth, WA 6000. PO Box 8023, Perth BC, WA 6849. The copyright is vested in the Proprietors of Publications & Exhibitions Australia Pty Ltd; neither whole nor any part of this issue may be reproduced without permission. The views expressed in this publication are not necessarily those of Publications & Exhibitions Australia Pty Ltd and its staff, but are those of the respective author who accepts sole responsibility and liability for them. NOTICE TO ADVERTISERS The Trade Practices Act, 1974 came into force on the 1st October 1974. All advertisers and advertising agents are directed to carefully study the provisions of the Act, which contain strict regulations on advertising. It can be an offence for anyone to engage, in trade or commerce, in conduct deemed “misleading or deceptive”. Specifically s53 of the Act contains prohibitions from doing any of the following in connection with the promotion, by any means, of the supply or use of goods or services: (a) falsely represent that goods are of a particular standard, quality, value, grade, composition, style or model or have had a particular history or particular previous use; (b) falsely represent that goods are new; (c) represent that goods or services have sponsorship, approval, performance characteristics, accessories, uses or benefits they do not have; (d) represent that the corporation has a sponsorship, approval or affiliation it does not have; (e) make a false or misleading representation with respect to the price of goods or services; (f) make a false or misleading representation concerning the need for any goods or services; or (g) make a false or misleading representation concerning the existence, exclusion or effect of any condition, warranty, guarantee, right or remedy. PENALTIES For an individual — $10,000 or six months imprisonment For a corporation — $50,000. It is not possible for this company to ensure that advertisements published in this newspaper comply with the Act and the responsibility must, therefore, be on the person, company or advertising agency submitting the advertising for publication. In case of doubt, consult your lawyer. DISCLAIMER While every effort has been taken to ensure the accuracy and currency of the information provided in this publication, the mining industry is dynamic by its very nature. All information is correct at the time of production (December 2021). Please contact our team on (08) 6314 0301 to update your minesite details in next year’s handbook. ABN 28 112 572 433 04 - 05 FORWARD & INTRODUCTION 06 - 30 FEATURE ARTICLES 33 - 37 MINE SUPPLIERS INDEX 38 - 294 MINE SUPPLIERS DIRECTORY 297 - 307 MINESITE INDEX 308 - 421 MINESITE DIRECTORY CONTENTS 04 Australia’s resources sector has gone from strength to strength and is performing better than it was before the COVID pandemic. Thanks to the hard-working men and women of the sector, resources export earnings hit a record $310 billion in 2020-21 and are forecast to hit $349 billion this financial year . This means more jobs and more opportunities for Australia. Employment has already grown, with about 265,000 workers employed in the sector (as of September 2021), half of which live outside our capital cities. Australia’s mining equipment, technology and services companies are demonstrating similar success. The METS sector has seen phenomenal growth, now employing around 300,000 Australians – adding tens of billions to the economy each year. Resources are the mainstay of the national economy, and so important to our regions. They are not just exports and jobs, but keep the lights on and help to pay for roads, hospitals and schools around the country. The Government is working hard to promote the sector, attract investment and create jobs. Australia’s resources sector is reliable, responsible and world leading – ready for the future. This past year, the Government committed $20.1 million to a Global Resources Strategy to identify and seize new market opportunities and enable trade, including for all-important critical minerals. Following the $224 million Beetaloo Strategic Basin Plan announced in 2020, a further two Basin Plans worth over $80 million were released in 2021 as part of our gas-led recovery. One is in central Queensland, and another crossing southwest Queensland into South Australia. The potential is enormous – billions of dollars and the creation of thousands of new jobs. And we published a National Resources Workforce Strategy to show how we are supporting all Australians to take up skills, training and careers in the sector. Technology remains an integral part of future jobs and new growth in the sector. Competitive and sustainable operations rely on us staying on the cutting edgewith funding for R&D, skills and training. Our $1.3 billion Modern Manufacturing Initiative is providing grants to resources technology and critical minerals projects, helping Australia to capitalise further on what we do so well. The publication of this Australian Mines and Services Handbook 2022 highlights many achievements from this past year. Reading these and looking ahead, we can confidently look forward to a bright future. THE HON KEITH PITT MP FEDERAL MINISTER FOR RESOURCES AND WATER FORWARD05 Welcome to the 2022 edition of our Australian Mines and Services Handbook. Well, 2021 was certainly a positive year for the mining industry! Rebounding economic activity is driving demand for many commodities putting the top 40 mining companies across the globe in a strong financial position for 2022. This rings true also for many Australian companies. While the COVID-19 pandemic has continued to negatively impact industries across Australia, the mining industry has powered on with exports forecasted to increase by $39 billion in 2021- 22. There are still challenges ahead. Continued volatility of commodity prices will add pressures to the sector as industry leaders work out how to adapt to a “COVID normal” climate. As always, a shifting climate brings more opportunities. Supply chains for renewable energy are demanding more raw resources and there is growing optimism that technological disruption will be a vehicle to combat inefficiency creep, a result of the cyclical nature of the industry. We’re excited to present the 2022 edition of our handbook. The goal for this year’s publication was to improve and expand on our 2021 inaugural edition which was so well received by mine operators, suppliers, investors and government bodies alike. In this edition you can expect further insights from industry experts, an even more comprehensive directory of suppliers and a significantly expanded directory of mines across Australia. In our editorial section we wanted to capture a forward- looking perspective, giving insight into emerging trends in various markets, and an outlook of our major export commodities as well as looking at some of the current mining projects in Australia. For mine operators looking for suppliers, our Mine Suppliers Directory contains everything you need. Highlighting over 500 different areas of expertise, the directory includes everything from equipment hire and maintenance, to contractors and consultation. The directory also includes an index for ease of use, making it simpler than ever to find the right supplier for your business. This year, our Minesite Directory is more than 50% bigger than last year, featuring over 650 mines packed with important details including contact information, production statistics, equipment used, upcoming expansion works and more. The directory is listed alphabetically and comes with three indexes sorting the mines by name, commodity, and company ownership. We’ve maintained a similar layout to our previous edition, putting emphasis on being user-friendly and easy to navigate - while remaining a valuable source of extensive information. We would like to thank all our valuable clients who have supported us over the past 13 years. It is through your support that we have been able make this publication a reality. I especially want to thank the team at Australian Mining Review who have worked hard this year to bring you this edition. A wealth of shared experience between us in the mining and publishing industries has gone into putting this handbook together and I’m sure you’ll find it a very valuable resource. We hope you enjoy reading this year’s Australian Mines and Services Handbook. JARRYD DE HAAN PROJECT MANAGER & JOURNALIST INTRODUCTION06 THANKS A BULLION! Australia is expected to export a whopping $29 billion worth of gold in Financial Year 2022, eclipsing last year’s figures by $2 billion and sustaining the country’s modern day gold rush. Against a backdrop of ballooning demand and prices for nuggets, miners produced and exported 327 and 283 tonnes of gold respectively in 2020-21, posting $27 billion in overseas sales and contributing roughly $15.3 billion to the domestic economy. Industry observers expect production figures to flourish at an average annual rate of 5.7 per cent per year, barrelling past 388 tonnes in 2022-23 before reaching a 410-tonne peak the following financial year. According to Western Australian Mines and Petroleum Minister Bill Johnston, these promising numbers have been largely propped up by his State’s mineral resources sector – a national powerhouse accounting for 75 per cent of gold production in 2020-21. “Western Australia’s gold sales reached a record $16.6 billion in the 2020-21 financial year,” Mr Johnston said. “This was a four percent increase from 2019-20, which was also a record year with sales of $15.9 billion. “Gold remains Western Australia’s second most valuable commodity and a key employer in the resources sector, with over 34,000 people employed in the sector.” THE GOLD STANDARD At the moment, investment in the Wildflower State has hit an all-time high, with more than $127 billion worth of resource projects in the mining pipeline.07 The sector is home to the state’s second most valuable mineral commodity, trailing just behind iron ore. Among the burgeoning projects is Newcrest Mining’s Telfer West Dome 5 and Havieron sites; Bellevue Gold’s Bellevue site; Red 5’s King of the Hills expansion; Pantoro’s Norseman project; Calidus Resources’ Warrawoona site and Bardoc Gold’s Bardoc site. According to Mr Johnston, funding for the WA Exploration Incentive Scheme leaped from $2.5 million to $12.5 million a year, while mineral exploration expenditure ballooned to $2.1 billion in 2020-21 – the highest level since 2012. He said the rocketing exploration spend during Financial Year 21 was largely due to increased spending on gold, up $286 million, supported by record high prices. “The continued interest in gold and critical minerals reflects Western Australia’s position as a preferred supplier to global markets and a sought-after destination for investment,” Mr Johnston said “Coupled with innovative programs to attract exploration investment, the outlook for the gold industry remains positive.” AS GOOD AS GOLD WA’s gold expenditure jump has been felt throughout the country, with nationwide investment in exploration rising steadily for six consecutive years before reaching a record high of $1.5 billion in 2020–21. Enticed by rising demand, ramped up production numbers have transformed Australia into the world’s largest gold producer, overtaking China during 2021 which has held the top spot since 2007. Australia has the globe’s largest share of economic demonstrated resources of gold (at 18 per cent), meaning the country has the most gold profitable to produce. It is also home to five of the world’s 20 biggest gold mines and reserves, housing more than 353 million ounces of gold. The precious metal is the nation’s fourth largest export commodity and the sector accounts for more than 9 per cent of global mine production. It is also a substantial contributor to government revenues, paying more than $2,5 billion in royalties over the past ten years. According to Federal Resources and Water Minister Keith Pitt, there were 84 operating mines in Australia during the September quarter. He said gold output was expected to remain strong for quite some time, as buyers look to Australia to pave the roads in gold. “Australia’s newly minted gold-medal status in gold production reflects decades of investment, innovation and automation, as well as the efforts of hard-working people across our resources sector,” Mr Pitt said. “Like all our resources, gold production has boosted incomes and jobs in Australia’s towns and regions, and contributed to the prosperity of all Australians.’ “The high level of exploration expenditure points to strong gold output for some time to come.” ALL THAT GLITTERS IS GOLD Australia’s strong gold prospects have sprung from jaw-dropping prices achieved around the middle of last year, when values closed above $2000USD an ounce at the beginning of August. The surprising figure ended a piping hot growth streak that dashed projections, surging 72 per cent since gold began it’s upswing in 2018. According to industry analysts, the COVID-19 pandemic is largely the cause of the gold spike, with the commodity a known investment safe haven against a backdrop of economic volatility. Though gold prices have since tumbled, observers are expecting to see a rally in the coming months, as investors make moves to starve off rising inflation. In the ensuing decades, analysts expect an expanding middle class in China and India to propel gold demand, influenced heavily by user-friendly mobile apps for buying, selling and gifting gold. Use of gold in energy and healthcare applications is also expected to play a role in the market, as is gold use in technology.08 COMMODITIES OUTLOOK IRON ORE 2021 was a rollercoaster ride for iron ore, with prices surging upwards in late 2020 and making positive headway for most of the calendar year before plummeting down again in August. Demand in China, which is driven by its steel production industry, has been the key factor influencing prices. Given that around 84% of Australian iron ore is sold to China, the performance of our iron ore mines is closely linked to the rate of steel production in China. Therefore, to forecast how Australian iron ore will perform in 2022, we need to look at how China’s steel production industry will perform. In the short term, prices will likely fall, as China is expected to continue curbing steel production until March 2022. The reason behind those cuts is not necessarily falling demand, however, but air quality. The 2022 Beijing Winter Olympics will take place in February and the Chinese Government is reportedly cutting production to reduce pollution in the city Once steel production ramps back up, iron ore producers can expect prices to rebound. It’s not clear exactly when we can expect that rebound, and there’s no guarantee it will happen immediately after the Olympics. Some analysts are predicting that cuts could continue past March until the year’s end, with prices being affected until mid-2023. Of course, there are other factors influencing demand, such as: increased iron ore production in Australia and Brazil; emerging steel markets in India; labour shortages due to COVID-19; port congestion from stricter protocols and China’s plans to diversify its iron ore supply. However, overall, iron ore prices are expected to continue to drop in the short term but should settle at an elevated price by the end of the 2024 financial year. Longer-term, the key takeaway is that demand for Australian iron ore should continue for some time. Infrastructure will likely remain a key priority for the Chinese government and while investment in infrastructure has contracted, local governments are working to spur growth in the sector. Plans to bolster domestic iron ore production and develop mines in Africa will also take time to come to fruition, so demand for Australian iron ore should continue. Increased steel production on a global scale also holds opportunity for Australian iron ore producers to diversify into other markets. COAL Like iron ore, coal has made some recent gains. After dipping in August 2020 due to collapsed demand, both thermal and metallurgical coal prices surged upwards in the latter half of 2021. The past year was a surprisingly positive one for the global commodities market. Many commodities saw a sharp increase in price throughout the year while other industries struggled under the weight of the COVID-19 pandemic. Below we will break down some of the primary commodities produced in Australia and those which are set to make the biggest gains.09 Australia’s exports of metallurgical coal, which is primarily used to make steel, is spread far more evenly across global markets than iron ore. India is our largest market (25%), followed closely by China (24%) and Japan (18%). That means steel production cuts in China will have less of an impact on metallurgical coal exports. On a global scale, steel production is expected to continue to rise through 2022. The rate of that growth, however, depends on how disruptive COVID-19 will be to the industry in 2022. Assuming continued progress in vaccination and less disruptive outbreaks, steel demand is predicted to rise by around 2.2% in 2022. This growth is most notable in India, where steel manufacturers are expected to rapidly increase production in 2022. As a result, metallurgical coal imports into the country will increase to 75 million tonnes by 2023, a 50% increase when compared to 2020. Australian producers are in a strong position to take advantage of this increase. In terms of thermal coal, Australia’s primary market is Japan where demand is expected to remain strong. While Japan is committed to renewable energy, it also has plans to build 10 gigawatts of new coal-fired power plants in the coming years and is investing in new generation coal technology. By 2030, coal-fired plants will still make up 26% of Japan’s energy supply. A global energy shortage could create short term opportunity for thermal coal producers step into other markets. Particularly in Asia, countries are turning to coal for electricity leading to a shortage of supplies. China may ease its unofficial ban on coal imports to meet demands and began releasing coal from bonded storage in late 2021. GOLD 2021 saw gold producers in Australia struggle with labour shortages and maintenance. Despite that, Australia still took its place as the world’s largest gold producer as production in China dropped by over 10% in the first half of the year. Although, it has been reported that a slight fall in production in the September quarter saw China marginally take up the top position. In 2022, Australia should rebound and could potentially take up the position as the world’s top gold producer again. In the past year there has been a Next >