South Australia has launched a new marketing campaign aimed at attracting mining companies to invest in South Australia.

Minister for Industry and Trade Koutsantonis said the targeted advertising campaign lets the mining industry know that “South Australia is the most prospective, profitable and best place to mine”.

“We in SA understand the inherent risk mining companies face in the initial stages of exploration which is why we have a concessional royalty rate of two per cent for new mines for the first five years,” Mr Koutsantonis said.

“We have the nation’s best exploration scheme in PACE 2020, which has already seen the approval of more than one million meters of drilling work throughout the state and helps mining companies with their exploration and information gathering.”

The advertising campaign, which began with a full page advertisement in the Sunday Times in WA and will be continued with billboard advertisements, spells out South Australia’s new mines policy system.

Mr Koutsantonis said it was an exciting time for the mining industry in South Australia with the proposed Olympic Dam expansion set to become Australia’s largest mine and also a chunk of the Woomera Protected Area, the size of England, open for exploration.

“I want to let people know that there is ample opportunity for companies in this state,” he said.

“We have come from four mines to 16, we have unlocked part of the Woomera Protected Area which is known to hold vast amounts of resources and we have the best mining jurisdictions and processes in the country as rated by the Fraser Institute.”

Source: Department of Trade and Economic Development www.southaustralia.biz/News/2011/05/29/Marketing-campaign-to-attract-mining-investment.aspx