Delivering key industry speakers including:
For the full list of speakers, click here.
Event background
A dramatic increase in costs means Australian mining projects have come under threat from low-cost off-shore competition. Low productivity and falling commodity prices have put $121 billion of mining revenue at risk over the next 20 years. Investment in coal, iron ore and base metal mining is moving out of Australian projects and into lower cost international projects.
Booz & Co report 2012: At current productivity a 20 per cent price drop from current levels would make 30 per cent of Australia’s coal production unprofitable.
The rapid rise of China over the past decade has driven key commodity prices like iron ore and coal to levels which will not be repeated. Demand growth is forecast to become more predictable and sustainable and will feature moderated pricing. Future investment in the sector hinges on productivity, specifically cost cutting in mining operations. The next round of mineral investment in Australia will only be captured if costs are decreased and productivity improved.
Hear what leading industry figures are saying about the issue:
“One of the things that I’m really concerned about is the cost competitiveness of our industry because our industry doesn’t sell on the local market, it sells on the world market.”
Gina Rinehart, Executive Chair, Hancock Prospecting
“Improving competitiveness is a challenge shared by all participants with an interest in the success of the mining sector – producer companies, service providers, project managers, suppliers of capital equipment and governments all have a role to play.”
David Peever, Managing Director – Australia, Rio Tinto
“In the mining industry, we’re some 20 to 30 years behind other more progressive sectors in terms of productivity and business practices.”
Mark Cutifani, Chief Executive Officer, Anglo American
“There’s definitely stuff that can be done within companies themselves to improve their management systems, there’s definitely an opportunity for productivity and there’s opportunity for innovation and technology, and there’s an opportunity for capital efficiency.”
David Flanagan, Chairman, Atlas Iron
“As we look to the future environment of (moderating) prices…costs and productivity will be key for both industry and Australia more generally."
Marius Kloppers, CEO, BHP Billiton
The inaugural Australian Mining Productivity and Competitiveness Summit (AMPAC Summit) will bring together key industry stakeholders to develop commercial strategy and produce policy outcomes that will ensure the future success of the Australian mining sector.
Overview
The AMPAC Summit 2013 is the only event focussed on the key concerns facing the Australian mining sector: productivity and international competitiveness.
The event comes at a crucial time when the Australian resources sector is facing threats to future investment due to: declining competitiveness, stagnating productivity, decreasing key commodities prices and an increasingly challenging regulatory and taxation environment. This unique forum will enable industry stakeholders to connect, share ideas and create partnerships to increase the competitiveness of the sector and ensure its future success.
The AMPAC Summit 2013 is a thoroughly researched, highly targeted event that speaks to the fundamental challenges being faced in the resources sector. It will be a catalyst for action by governments, corporations and educators to drive the productivity and competitiveness of Australian mining projects.
Key themes of the AMPAC Summit 2013
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Developing and implementing cutting edge productivity strategies
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Creating a culture of innovation and continuous improvement
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Streamlining regulation and project approvals
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Gaining decision making confidence with in-depth trade and investment analysis
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Workforce development initiatives to increase labour productivity
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Understanding the latest procurement strategies to cut operational costs
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Assessing the impact of the IR regime and enterprise migration
Who should attend
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Mining companies
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Mining contractors
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Government agencies related to mining, resources, productivity, employment and trade
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Mining industry consultants
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Workforce development/training professionals
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Professional and legal services
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Universities and mining industry research bodies
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Solution providers
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Mining industry peak bodies