D&D Australasia Magazine June, 2015

JUNE 2015 - AUGUST 2015 • ISSUE 12

INPEX BEGINS ICHTHYS PIPE LAY AOG 2015 SPECIAL FEATURE MARSHALL ISLAND DEEP SEA MINING

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China is Australia’s largest trading partner with two-way trade worth around AU$160 billion. With the recent and recurring poor Chinese economic growth data and an oversupply, iron ore prices are dramatically falling. To add to this, the China government has announced it will limit credit to steel mills that are not performing well. This limits their ability to buy iron ore, resulting in a squeeze on demand. The China government has also ordered many steel mills to shut down, as part of its crackdown on pollution.

LEN FRETWELL Publisher / Managing Editor Digging & Drilling Australasia and Race&Restore Magazine

The big three miners have a combined capacity of more than 1.1 billion tons of iron ore annually and notwithstanding the sluggish market, several hundred million more tons will be added to the surplus which could drive prices even closer to the out-of-pocket cash cost of production, in the next few years.

There is no doubt that these are difficult times for the iron ore industry but fortunately for the nation, China is not our only trading partner and iron ore is not our only commodity. Singapore is Australia’s 5th largest trading partner with two-way trade worth AU$27 billion and India’s twoway trade with Australia has more than doubled in value from AU$6.8 billion in FY2003-04 to AU$14.8 billion in FY2013-14.

There is a lot of potential to grow our trade with our neighbours in the Asia Pacific and India.

It was reassuring to see that the Australian Minister for Trade and Investment, Andrew Robb recently visited India, building further momentum toward the conclusion of an Australia-India Comprehensive Economic Cooperation Agreement (CECA) being the key objective. India is one of the world’s fastest growing economies and has recently built 24 new coal-fired power plants and are planning to build another 455 new plants. There are now 1,200 coal-fired power plants in planning across 59 countries, including 363 in China and this will definitely create a stronger and long lasting demand for coal.

Premier and State Development Minister Colin Barnett also recently visited India and Singapore to further advance Western Australia’s trade and investment relationship with both countries. The State’s total trade with India was valued at AU$1.9 billion in 2014 and Singapore is WA’s fourth largest trading partner, with total trade valued at nearly AU$10 billion in 2014.

It is widely known that iron ore and coal are our largest exports but what is less commonly known is that LNG now looks to become Australia’s third largest export. And Australia could also become the world’s largest LNG producer, in the near future.

After Qatar and Malaysia, Australia is currently the third largest LNG producer in the world and Australia has more new LNG plants currently under construction than any other country. The new projects, due to be completed by June, 2018 will add 61.4 million tonnes of LNG capacity, bringing Australia’s total to 85.8 million tonnes. When plants under construction are added to current capacity and if there are no new players on the LNG export scene, Australia will lead the world with 85.8 million tonnes. Qatar, the current leader in LNG exports, will be second at 77.7 million tonnes and Indonesia third at 36.3 million tonnes.

Australia’s current contracts for LNG throughout Asia and India are for enormous volumes and are locked in for twenty years. It seems that good news in the energy and resources sector is often overlooked by mainstream media.

We are always looking for interesting energy and resource sector news and innovation content and I invite energy and resources industry members to contact me directly with any news that may be of interest to our readers. I look forward to receiving your feedback.

Best regards

Len F retwell www.diggingdrilling.com

Race and Restore

WHAT’S IN THIS ISSUE 06»

IN THIS ISSUE 3 EDITOR’S LETTER 6 MOMENTS IN PICS: AOG PERTH 2015 10 NEWS IN BRIEF: OIL, GAS & MINING NEWS HIGHLIGHTS FOR THE QUARTER 12 INPEX BEGINS ICHTHYS PIPE LAY 18 PROJECT POSTCARD: EZRAHOLDINGS FLAGSHIP VESSEL - LEWEK CONSTELLATION 26 REGAL BELOIT ELECTRIC MOTOR BIKE 31 MARSHALL ISLAND DEEP SEA MINING

DIGGING & DRILLING AMP TOWER - LEVEL 28 AUSTRALASIA 140 ST GEORGES TERRACE PERTH WA 6000 TEL: +61 1300 284 637 FAX: +61 (8) 9300 9435 FEEDBACK INFO@DIGGINGDRILLING.COM NEWS INQUIRIES EDITOR@DIGGINGDRILLING.COM ADVERTISING INQUIRIES LEN.FRETWELL@DIGGINGDRILLING.COM • MOBILE: 0417 001 080 EDITOR WRITERS GUEST WRITER SPECIAL FEATURES

LEN FRETWELL ROBIN WHITLOCK, STEPHEN DAWSON, ANDREW BURRELL NATASHA (KITTY) CANN, LESLEY KEMP, GILES DUTFIELD EMMANUEL SOLOMON

GRAPHIC DESIGNER WATER LI SUBSCRIPTION SUBSCRIPTION@DIGGINGDRILLING.COM PUBLISHING DIGGING AND DRILLING IS A TRADING NAME OF LF FAMILY TRUST INFORMATION ABN: 97 893 623 301 VISIT US AT WWW.DIGGINGDRILLING.COM FOLLOW US ON TWITTER @DiggandDrill SISTER PUBLICATION RACE & RESTORE MAGAZINE RACE AND RESTORE COVER SHELL’S GUMUSUT-KAKAP PROJECT Digging & Drilling Australasia welcomes comments and suggestions, as well as information about errors that call for corrections. We are committed to presenting information fairly and accurately.

Disclaimer: Reasonable care is taken to ensure that Digging & Drilling magazine articles and other information are up-to-date and accurate as possible, as at the time of publication, but no responsibility can be taken for any errors or omissions contained herein. The opinions expressed are those of the authors and do not necessarily reflect the views of Digging & Drilling Magazine. The publisher, editors, contributors and related parties shall have no responsibility for any action or omission by any other contributor, consultant, editor or related party.

4 DIGGING & DRILLING MAGAZINE JUNE 2015 - AUGUST 2015

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AOG PERTH 2015

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JUNE 2015 - AUGUST 2015 DIGGING & DRILLING MAGAZINE 7

Strength of Australian oil and gas industry reflected in highly successful AOG 2015 Australia’s largest resource industry event has defied the “gloom and doom” surrounding the global oil and gas sector to post what industry insiders have described as the most successful show in its 34 year history.

Organisers have been thrilled with the flood of attendees who have visited the Perth Convention Exhibition Centre (PCEC) to meet with a record 620 exhibiting companies from 25 countries at the Australasian Oil & Gas Exhibition and Conference (AOG) for the past three days.

“This has been a tremendous week,” AOG Event Director at Diversified Communications, Bill Hare, said.

“Despite all the forecasts that the mood would be down at AOG this year because of the crash in crude prices, the feeling around

8 DIGGING & DRILLING MAGAZINE JUNE 2015 - AUGUST 2015

the Convention centre has been very upbeat.

“We have had a very constant stream of visitors on the Exhibition floor, while the conference, special industry lunches and networking events have been really well attended. The positive feedback we have received across the board has been very pleasing.

“And there certainly wasn’t a feeling of doom and gloom amongst those that were kicking up their heels at our AOG dinner last night.

“But the real proof of the success of this year’s event has been the very strong interest from companies wanting to come back again next year,” Mr Hare said.

The AOG Event Director noted that there were many highlights

during the week that have helped make AOG 2015 the most successful in its long history.

“Alongside the record number of companies and the new level of international participation, we have received tremendous feedback on the content of the conference, in particular the new FLNG stream.

“We have also seen our special Timor-Leste industry luncheon create newspaper headlines around Australia, a panel discussion on women in oil and gas we have helped a lot of people to become better informed about critical issues such as FIFO mental health,” Mr Hare said.

One of the leading events on the annual global oil and gas event calendar, AOG will be returning to Perth from February 24-26, in 2016.

“We are already looking forward to it and I am glad to say that many of the people who have been at AOG are feeling the same way,” Mr Hare said.

To obtain more information go to http://aogexpo.com.au ABOUT AOG 2015 The multi-award winning Australasian Oil & Gas Exhibition & Conference (AOG) has been bringing together global and local oil and gas industry leaders and providing a showcase for technical and technological breakthroughs in Perth, Western Australia, for over 30 years.

NEWS IN BRIEF »

OIL, GAS & MINING NEWS HIGHLIGHTS FOR THE QUARTER

SAIPEM’S GIANT PIPE LAY SHIP CASTORONE STARTS WORK OFF DARWIN As part of Ocean Installer’s global growth strategy, the company has established office in Perth, Australia to meet client demand for subsea construction services.

“This is the beginning of our presence in another promising region in line with Ocean Installer’s growth strategy. The Asia Pacific- and Oceania region represent significant growth opportunities in the years ahead,” says Ocean Installer CEO Steinar Riise. Ocean Installer has recently hired Bijan K. Mahapatra to lead the office in Australia. Mr. Mahapatra has more than 30 years of experience in the offshore subsea engineering and construction industry where he has held senior leadership positions working for companies like McDermott, Bouygues Offshore, Clough Offshore, Riise Underwater Engineering and more recently with SapuraKencana. “With Ocean Installer’s experience and Mahapatra’s local knowledge and network, we are well positioned to expand our operation and business in the region.” says Riise.

WOODSIDE HITS GAS AT PYXIS-1 (AUSTRALIA) Woodside announced that the Pyxis-1 exploration well in production license WA-34-L has intersected approximately 18.5 meters of net gas within the Jurassic sandstone target.

The well reached a total depth of 3347 meters. Wireline logging has confirmed the discovery through the recovery of gas samples to surface and establishment of a gas pressure gradient.

Woodside Executive Vice President Global Exploration Philip Loader said: “Given its location, this successful exploration outcome offers future tie-back potential to Woodside’s existing Pluto Infrastructure.”

Pyxis-1 is located in Production License WA-34-L, within Western Australia’s Dampier Sub-Basin and is located approximately 15 km north of Woodside’s producing Pluto Gas Field infrastructure.

Woodside Burrup Pty. Ltd. is the operator and 90% equity owner of WA-34-L. Kansai Electric Power Australia Pty. Ltd. and Tokyo Gas Pluto Pty. Ltd. each hold 5% equity.

BW OFFSHORE GET FPSO UMUROA EXTENSION Oslo-listed provider of floating production services to the oil and gas industry, BW Offshore, has received a one year contract extension for the lease and operation of the FPSO Umuroa.

The FPSO is operating on the Umuroa field offshore New Zealand for the Australian based oil and gas exploration and production company AWE. The FPSO Umuroa is capable of processing up to 50 000 barrels of oil per day, 118 000 barrels of water per day and 120 000 barrels of total fluid per day, has a storage capacity of approximately 773 000 barrels and a gas compression capacity of 25 mmscfd. It is turret moored in a water depth of 120 meters.

The firm period has been extended to Q4 2016 from Q4 2015.

10 DIGGING & DRILLING MAGAZINE JUNE 2015 - AUGUST 2015

SUBSEA 7 GETS PERSEPHONE JOB OFFSHORE AUSTRALIA Subsea 7 has been awarded a contract by Woodside Energy for the Persephone Work Pack 2 Fabrication, Subsea Installation and Diving Services project, offshore Australia.

The Persephone Project consists of two wells tied into a subsea production manifold with production fluids transported to the existing North Rankin Complex (NRC). The contract comprises fabrication, transportation, installation and pre-commissioning activities within the principal scope of work, with additional deconstruction and pipeline suspension work in the Echo Yodel Field at the Goodwyn Alpha Platform, Subsea 7 informed.

The Company’s diving construction vessel Seven Eagle will perform all of the offshore activities. Project management and engineering will commence immediately from the Company’s office in Perth, Australia, with offshore operations scheduled to start in the fourth quarter of 2015.

Andy Woolgar, Vice President, Australia & New Zealand, said: “We are very pleased to receive this important award from Woodside Energy Ltd. We believe it is a strong reflection of our long, successful and collaborative relationship with Woodside.”

GOVERNMENT COMMITS ADDITIONAL FUNDING FOR GBR REEF TRUST The Commonwealth Government will commit an additional $100 million in new funding for the Reef Trust to support the implementation of the historic Reef 2050 Long Term Sustainability Plan for the protection and management of the Great Barrier Reef.

The Commonwealth Government will commit an additional $100 million in new funding for the Reef Trust to support the implementation of the historic Reef 2050 Long Term Sustainability Plan for the protection and management of the Great Barrier Reef.

Last year, the Coalition delivered on its commitment to establish a $40 million Reef Trust which has already funded important work to protect the Great Barrier Reef.

The additional $100 million in funding for the Reef Trust announced on March 21 will be used to tackle key challenges facing the Reef, in particular projects to improve water quality. This will now lift the Reef Trust to $140 million in value, with the overall investment by governments in the Reef exceeding $2 billion over the next decade.

The work that’s being undertaken to improve water quality builds on the Commonwealth Government’s total and permanent ban on the dumping of capital dredge spoil in the Great Barrier Reef Marine Park.

There will be zero capital disposal anywhere in the entire 345,000sq km Marine Park. Together, the 345,000 sq km Commonwealth ban (100% of the Marine Park and 99% of the total ban) and the 3000 sq km Queensland ban (1% of the total ban) will cover 100% of the World Heritage area.

“Upon coming to office, we inherited five major proposals from Labor to dispose of dredge spoil in the Marine Park. We have reduced this to zero and are now putting a ban in law,” MP Greg Hunt wrote on the website.

The Commonwealth Government also announced the appointment of the Commonwealth Chief Scientist, Professor Ian Chubb, to chair an independent scientific panel to advise on funding priorities for the $140 million Reef Trust to assist with qualitative monitoring on achieving targets under the Reef 2050 Long Term Sustainability Plan as well as the overarching vision to improve the Outstanding Universal Value of the Reef every decade between now and 2050.

“There are already positive signs. The quality of water entering the Reef is improving.

“We have achieved reductions of 11 per cent in sediment, more than 10 per cent in nitrogen, 28 per cent in pesticides and a 16 per cent reduction in dissolved inorganic nitrogen running into the Reef lagoon,” Hunt added.

The Reef 2050 Long Term Sustainability Plan draws together all the work, expertise and science critical to managing the Reef for the next three decades and beyond.

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FEATURE ARTICLE»

INPEX Begins Ichthys Work has begun on the 889 km gas export pipeline for the INPEX-operated Ichthys LNG Project, connecting Blaydin Point in the Northern Territory, Australia to the Ichthys Field in the Browse Basin, located off the north-west coast of Australia.

This follows the arrival of the 188 m Saipem-operated SEMAC-1 semi-submersible pipe lay barge at the Darwin Outer Port Limits.

Managing Director of the Ichthys LNG Project Louis Bon said that the SEMAC-1 was scheduled to start the 164 km shallow-water pipe lay component of the gas export pipeline installation in the coming weeks, with work to include laying the first 18 km section of 42 inch diameter pipe through Darwin Harbor from the Middle Arm location.

“The gas export pipeline will deliver gas and some condensate from our offshore central processing facility to the Ichthys LNG Project onshore facilities at Blaydin Point near Darwin so that it can be processed for export,” Mr. Bon said.

Offshore work: Saipem’s Castorone deep-water pipe lay vessel has started laying the deep-water section of the Ichthys gas export pipeline

Shallow Water Pipe Lay

“The shallow water pipe lay work means we are starting to physically connect our home base in Darwin to the Ichthys Field where our semi-submersible offshore facilities will be permanently moored for the life of the Project.”

Working from east to west in Darwin Harbor, the SEMAC-1 will first feed pipe to the project’s landfall site for a 3 km shore pull, which will enable the vessel to connect the offshore section of the pipeline to the onshore section.

The SEMAC-1 is scheduled to be in Darwin Harbor for about four weeks, with the shallow-water pipe lay scheduled to take about 11 weeks. Once complete, SEMAC-1 will transfer work to Saipem’s deep-water installation vessel, Castorone, which will lay the remaining 718 km of pipe to the Ichthys Field.

The Ichthys LNG Project’s equity interests include INPEX (63.445 per cent), TOTAL (30 per cent), CPC (2.625 per cent), Tokyo Gas (1.575 per cent), Osaka Gas (1.2 per cent), Chubu Electric (0.735 per cent), and Toho Gas (0.42 per cent).

JUNE 2015 - AUGUST 2015 DIGGING & DRILLING MAGAZINE 13

About INPEX INPEX CORPORATION is a worldwide oil and gas exploration and production company based in Tokyo, Japan, with more than 70 active projects across 27countries. Since 1966, INPEX has been growing steadily, from its core business areas in Australia and Indonesia to the Middle East, the Caspian Sea region, the Gulf of Mexico and North and South America. For more information.

About the Ichthys LNG Project The Ichthys LNG Project is a Joint Venture between INPEX group companies (the Operator), major partner TOTAL

14 DIGGING & DRILLING MAGAZINE JUNE 2015 - AUGUST 2015

Icthys Field Development

and the Australian subsidiaries of Tokyo Gas, Osaka Gas, Chubu Electric Power and Toho Gas. Gas from the Ichthys Field, in the Browse Basin offshore Western Australia, will undergo preliminary processing offshore to remove water and raw liquids, including condensate.

The gas will then be exported to the onshore processing facilities in Darwin via an 889km pipeline. The Ichthys LNG Project is expected to produce8.4 million tonnes of LNG and 1.6 million tonnes of LPG per annum, along with approximately 100,000 barrels of condensate per day at peak. Detailed Engineering, Procurement and Construction (EPC) of the Ichthys LNG Project is ongoing and production is scheduled to commence by the end of 2016.

With an expected operational life of at least 40 years, the Ichthys LNG Project offers rare multi-generational opportunities to communities, economies, businesses, energy markets and its workforce.

Worth your weight in iron ore most important thing to come out of a mine is the miners. We are all worth our weight in iron ore, but sometimes we just need someone to remind us.

There’s a neat YouTube video that sums this up really well. The video takes the idea of $5 for 5 minutes of our viewing time. No matter what we do to a $5 note - crumple it up, drop it in dirt and fold it – it’s still worth $5 to us. Its value hasn’t lessened.

People outside the mining sector may think of us miners as sturdy, strong individuals, but insiders know we’re not superheroes. We’re just as likely to feel ground down as anyone outside the industry when events conspire to challenge us.

There’s no escaping the frustrating, irritating and annoying challenges that we each have to deal with every day, as well as the much bigger, more demanding events that sometimes come our way.

When we’re neglecting our own physical and mental wellbeing, it’s easy to feel crushed and crumpled by events and by decisions that don’t work out as we hoped. A feeling of worthlessness is selfperpetuating, as it’s at these times that thoughts creep in about being good enough. You know, thoughts along the lines of not being clever enough, confident enough, wealthy enough, funny enough, thin enough, and so on.

I’ve noticed during my years as a mentor in the mining industry that many people don’t place a high value their own wellbeing or personal time. The truth is, the

And we’re the same at that $5 note: whatever happens to us and what decisions we make, we are still worthwhile. Our value never diminishes. It’s who we are that counts, not what we do or how much we know, who we know or where we live. But like everything worthwhile, learning to value ourselves, warts and all, takes persistence. It’s not something that just happens. That’s why having people to support us is so important.

Giving someone five minutes of our time can make a massive difference to their wellbeing. Just asking if they are okay and listening for a few minutes creates a connection that boosts our sense of self-worth.

motto many times when mentoring people new to mining as well as those with industry experience.

There’s a lot of trust involved in a mentoring partnership so you need to be open to hearing things you may not always like. That’s because a good mentor empowers you to think differently. A mentor gives you perspective. Having a mentor gives you access to someone who’s on your side but not involved. With a mentor barracking for you, it’s easier to make things happen for yourself, to achieve a greater balance and to learn to shake off self-doubt.

And importantly, a mentor will help you to learn to trust yourself – to draw on your instinct, which is very powerful.

Fortunately, there are many opportunities in the mining industry to find a suitable mentor nowadays, and having a mentor is a key reason for the success of many in the industry. All it takes is an online search and a conversation to get started.

A mentor can be really helpful with this, too. Mentoring is not life coaching or counselling. And it’s not just about setting career goals. It’s about fostering talent, confidence and motivation so people can enjoy a life that gives them value and self-worth.

When I’m mentoring, I bring together my 3 Cs: Commitment, Contribute and Collaborate. I have used this

16 DIGGING & DRILLING MAGAZINE JUNE 2015 - AUGUST 2015

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Minister for Trade and Investment The Hon Andrew Robb AO MP

Minister Robb returns to India to advance trade talks Building further momentum towards the conclusion

team, in the inaugural Global Exhibition on

of an Australia-India Comprehensive Economic

Services in New Delhi. He also participated in

Cooperation Agreement (CECA) was the key

other services and investment roundtables.

objective of a recent visit to India by the Australian

Minister for Trade and Investment, Andrew Robb. “Services represent around 70 per cent of Australia’s economy, yet just 15 per cent of our Australia Prime Minister, Tony Abbott and India

exports. This is an export we are determined to

Prime Minister, Narendra Modi have set a target

grow and there are strong prospects with India

of completing negotiations by the end of this

across a wide range of services, given it is one of

year. During his visit Mr. Robb met with Indian

the world’s most rapidly growing services markets

government counterparts, senior business

on account of a rising middle class,” he said.

leaders, investors and policy experts in both

New Delhi and Mumbai to advance this objective. Mr Robb said there was also significant scope to grow the two-way investment relationship between “My aim is to keep the momentum building as there is

India and Australia. “I am determined to ensure

definitely an enthusiasm on both sides to conclude

that both services and investment are given real

a quality agreement this year, it won’t be easy, but it

prominence in the CECA negotiations, along with

certainly remains an achievable goal,” Mr Robb said. improved levels of market access for goods trade.”

His visit follows a formal round of CECA India is Australia’s 12th largest trading partner negotiations in Canberra last week and

with two-way trade worth approximately A$15

Australia Business Week in India (ABWI) in

billion. By comparison our two-way trade with

January which was our largest ever trade and

China, our biggest trading partner, is worth

investment promotion on the sub-continent. around $160 billion. Indian foreign investment into Australia is worth almost $11 billion, with Mr Robb participated, alongside Prime Minister A$6.6 billion of Australian investment in India.

Modi and key members of his economic

JUNE 2015 - AUGUST 2015 DIGGING & DRILLING MAGAZINE

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Government of Western Australia Department of the Premier and Cabinet Hon Colin Barnett MLA Premier; Minister for State Development; Science

Visit to advance India, Singapore trade links • Premier met senior Government and industry representatives across mining, oil and gas, financial services and science • Meeting with Prime Minister of Singapore Premier and State Development Minister Colin Barnett visited India and Singapore recently to further advance Western Australia’s trade and investment relationship with both countries.

Mr Barnett travelled to both Mumbai and New Delhi, to meet senior national and provincial government officials, along with leading Indian resource companies including petroleum company Tata Petrodyne Ltd and the National Mineral Development Corporation, India’s biggest iron ore producer.

“India offers many economic opportunities for WA, particularly as it seeks to diversify its energy supplies, with liquefied natural gas imports growing at an average annual rate of 22 per cent over the past 10 years,” he said.

“This is an exciting time to visit India given the interest by Indian companies in WA’s resource sector.”

The Premier’s visit also included meetings with several Australian and international financial service providers.

While in Singapore, the Premier delivered the keynote address at the In the Zone Singapore forum, an offshoot of The University of Western Australia’s annual In the Zone conference in Perth that highlights WA’s strong economic and business links across Asia.

“The Western Australian Government established a trade and investment office in Singapore in 2012 and I look forward to returning to this global corporate and financial centre to build on our already close ties,” Mr Barnett said.

During his visit the Premier met Singaporean Prime Minister Lee Hsien Loong.

Fact File • Singapore is WA’s fourth biggest trading partner, with total trade valued at nearly $10 billion in 2014 • The State’s total trade with India was valued at $1.9 billion in 2014 • WA is home to nearly 29% of all Australia’s Singaporean-born residents. India is the State’s fourth biggest source of overseas-born residents • The Premier will meet major Indian companies including Petronet LNG and Reliance Industries Ltd

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FEATURE ARTICLE»

REGAL & BELOIT R&D ELECTRIC MOTORCYCLE PROTOTYPE

D&D came across new electric motor technology fitted to a R&D Electric Motorcycle Prototype while visiting the Regal Beloit stand at the recent AOG conference in Perth, WA. Thankfully, Regal Beloit Australia supplied us with the information for this feature.

Regal’s axial flux motor technology DEC Star’s™ electromechanical design configuration is truly revolutionary and will facilitate some exciting advancements. DEC Star’s™ new design Applications include: • Gas furnace • Air conditioning / fan coil unit • Clean rooms • Biological cabinets • General ventilation Its shaft-less rotor system allows the impeller to be hub-less and benefits of the DEC Star™ include: • Improved system efficiency • Compact design reduces shipping and warehousing costs • Reduced total unit weight of up to 3.6kg or 33% and has been fitted into a motorcycle for demonstration purposes.

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ABOUT THE BIKE This 2002 Yamaha R1 model bike was purchased 2nd hand.

Readings were 130hp output, specs as new approximately 156hp and Regal are aiming for 100hp.

The bike painting was done inhouse @ Rowville and when the project is complete, Regal will take it to a track for a spin. The finished specifications will be enough to qualify officially for races.

The idea for the project is to showcase our broad capabilities and our specialist engineering team, thinking outside the box.

Company contributions; Marathon to supply the motor, OBA to supply bike battery box and electrical board, cabling and contacts and Sankey to do the machining, painting capabilities in-house.

Regal Beloit Australia is a leading manufacturer and distributor of electro mechanical, power transmission, speed control systems and air systems.

The motorcycle featured in this article is an R&D prototype used to demonstrate new Regal Beloit Australia electric motor technology.

Please Note: Regal Beloit Australia do not manufacture, distribute or sell electric motorcycles.

For more information go to; www.regalaustralia.com.au And www.regalbeloit.com

JUNE 2015 - AUGUST 2015 DIGGING & DRILLING MAGAZINE 29

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Government of Western Australia

Ministerial Statement

Hon Bill Marmion MLA Minister for Mines and Petroleum

WA leads push to build Afghan mining future • Perth hosts inaugural business summit • Partnership agreement extends ties Mines and Petroleum Minister Bill Marmion has applauded Afghanistan’s determination to develop its resources sector in the face of decades of political turmoil and armed conflict.

“Despite damage during the fighting following the withdrawal of the Soviets in 1989, and disruption during the Taliban rule, Afghanistan’s Geological Survey is now getting back on its feet,” Mr Marmion said as he opened the Australia Afghanistan Business Council’s inaugural Perth Mining Summit today.

The Minister told an audience of Australian and international delegates that included Afghanistan’s Ambassador to Australia, Nasir Andisha, that the survey’s staff continued to show great courage.

“Australia has been a wartime ally and will continue to be Afghanistan’s friend as the country rebuilds its economy,” he said.

“Western Australia is our nation’s resources powerhouse, and I am confident our regulatory and industry experience will help guide positive mining development in Afghanistan.”

A partnership agreement signed between Australian and Afghanistan in May 2012 committed WA to helping the country sustainably manage its natural resources.

Mr Marmion said Afghanistan’s challenges in developing a strong mining industry included creating a robust and transparent regulatory framework, overcoming the lack of infrastructure, and reliance on port facilities in neighbouring countries.

The Minister singled out Western Australia’s use of State agreements between government and industry as a way to overcome infrastructure and isolation obstacles.

“State Agreement provisions can only be changed by mutual consent, so they provide greater investor certainty for projects, security of tenure, and reduction of sovereign risk,” he said.

Mr Marmion also highlighted the benefits of encouraging exploration that could lead to mines and jobs, citing the recent review of WA’s Exploration Incentive Scheme, that showed a tenfold economic return to the State.

Fact File • A 2011 report estimated the value of Afghanistan’s reserves of natural resources including copper, iron ore, lithium at up to US$3 trillion

JUNE 2015 - AUGUST 2015 DIGGING & DRILLING MAGAZINE

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FEATURE ARTICLE Âť

Marshall Islands Discussions on Deep Sea Minerals The Republic of the Marshall Islands (RMI), with the assistance of the Secretariat of the Pacific Community (SPC)â&#x20AC;&#x201C;European Union (EU) Deep Sea Minerals Project, has started public consultations on deep sea minerals.

These consultations are with a particular emphasis on the draft national Deep Sea Minerals Policy and Seabed Management Bill, which will be submitted to the RMI cabinet in June, 2015.

Government representatives, national agencies, the private sector, non-governmental organizations (NGOs), churches, members of parliament, the Council of Iroij and communities took part in the consultations, which were held in Majuro and Ebeye between 22 and 24 April, 2015.

The main objective of these consultations was for the government to present the vision, goals and objectives of the draft national Deep Sea Minerals Policy and in the contents of the Seabed Management Bill.

Deep sea mining

deep-sea-hydrothermal-vents

This was also a chance for the government to raise awareness of the opportunities for the country to engage with the deep sea minerals industry, with the view of discussing alternative sources of revenue that will be used for the well-being of the people.

These consultations highlight the government’s commitment to ensuring public participation and transparency, and addressing the concerns of all stakeholders.

“We would like to applaud the RMI government’s effort in facilitating an open and inclusive process for its new Deep Sea Minerals Policy and Seabed Management Bill,” said the EU Ambassador for the Pacific, Andrew Jacobs.

“Dialogue and discussion on commercial exploitation of Deep Sea Minerals with a wide range of stakeholders helps build the necessary trust and understanding between different parties on a sensitive subject,” the Ambassador added.

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“The involvement of all of the people of RMI, including local communities, is key in the approach followed by the government to move forward with the Deep Sea Minerals industry”, said Secretary of the Ministry of Resources and Development of RMI, Rebecca Lorennij.

“We are extremely grateful to SPC and the EU for the support and assistance provided to RMI and we want to believe that this partnership will continue and enable the Republic of the Marshall Islands to build its expertise and capacities with the view of managing and regulating this new industry for the benefit of Marshall Islands people,” the Secretary added.

The Deep Sea Minerals Project supports this broad consultation, and offers technical advice and assistance to its 15 participating Pacific countries, providing accurate information and guidance through awareness programs and workshops at both the national and regional level, to ensure that countries have relevant information to make informed decisions.

A consultative approach is vital in the formulation of any policy or national framework, as the public’s views and concerns must be taken into account before an agreement is made.

The RMI awareness-raising meetings coincide with the development of a new series of videos the Deep Sea Minerals Project has made, to answer frequently asked questions regarding deep sea mining.

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