Australian Drilling Industry Association (ADIA) sends a monthly e-newsletter, and occasional breaking news bulletins, to over 2,000 subscribers in Australia and around the world. Sign up for our e-news. Our ‘News Archive’ page contains less recent news.
We also publish the onshore drilling industry’s only magazine, Australasian Drilling, which is mailed to 1,700 addresses globally, and has a readership of 10,000 drilling professionals. If you become an ADIA member, you will receive Australasian Drilling six times a year, plus loads more member benefits.
Our 2017 media kit has all the magazine information for advertisers and readers, please download it here.
Our latest news updates…
Friday 3 February
Win an Apple iWatch!
Join rt health between 1 February 2017 and 30 April 2017 and they’ll put you into the draw.
rt members enjoy: • No excess for dependent children covered by your hospital cover • Super prices for sole-parents • A 30-day money back guarantee (terms and conditions apply) • Complete continuity of cover if you’ve already served waiting periods with another fund and take a similar level of cover with rt health.
3 ways to win:
- Call 1300 56 46 46
- Email ua.moc.dnufhtlaehtrnull@nioj with your details
- Join online at rthealthfund.com.au/quote
You are also able to ask for a quote/comparison.
Wednesday 1 February
DRILL 2017 sponsorship and exhibition bookings
Bookings opened on 23 January to immediate strong demand. Both the silver sponsor packages and one of the gold have already been sold. Several booths were also reserved in the first week.
If you are considering exhibiting and do not have a copy of the prospectus, please contact us or download a copy.
DRILL 2017 guest speaker program
We are now putting together a list of presenters who will be speaking on an informative selection of conference topics. If you would like to give a presentation at DRILL 2017 please contact Peter for more details ua.moc.aidanull@retep.
Victoria/Tasmania branch meeting
The Vic/Tas state committee is holding a members meeting in Bendigo on Thursday 16 February from 5.30pm. The venue is the National Hotel Complex on 182 High Street, and the meeting itself will be held in the bistro area. Matthew Karakoulakis, Principal Solicitor from AMK Law, will be a guest speaker at this meeting and will talk about contract law and its implications for drilling contracts.
Members from the ADIA national board will also be at this meeting, as they are holding their quarterly meeting at the National the next day. This is a great opportunity to become familiar with some of the legal considerations contractors should be aware of, and also to meet some of the board members and hear what is going on Australia wide.
Our thanks go to McCullochs Drilling and Boring who are sponsoring drinks for this event. Members who do come to the meeting are encouraged to stay for dinner after the meeting and enjoy some further conversation.
If anyone wishes to stay the night, the National has offered us a corporate rate of $115 for a single room. For reservations, call them on (03) 5443 0591 and mention you are attending the ADIA meeting so you can secure this special rate.
Please RSVP for this event to Simon Spaulding on 0418 358 698 or ua.moc.srellirdgnidluapsnull@nomis.
Wednesday 7 December
Drilling exploration showing signs of improvement
ABS statistics released this week indicate that mineral exploration expenditure on new deposits and existing deposits, as well as metres drilled rose in the September 2016 quarter.
The ‘Mineral and Petroleum Exploration’ report was published on 5 December. It states that the seasonally adjusted estimate for mineral exploration expenditure rose 1.0% ($3.5m) to $351.3m in the September quarter 2016. The largest contributor to the rise this quarter was Queensland (up 14.3%, $6.3m).
MINERAL EXPLORATION, seasonally adjusted and trend
In original terms, mineral exploration expenditure rose 7.2% ($25.6m) to $379.5m in the September quarter 2016. Exploration on areas of new deposits rose 9.3% ($9.7m) and expenditure on areas of existing deposits rose 6.3% ($15.8m).
In original terms, the largest increase by minerals sought came from expenditure on coal (up 22.8%, $6.9m).
MINERAL EXPLORATION, original series
In addition, the trend estimate for metres drilled rose 0.4% during this quarter. The current quarter estimate is 12.9% higher than the September quarter 2015 estimate.
The seasonally adjusted estimate for metres drilled rose 0.8% in the September quarter 2016.
METRES DRILLED, seasonally adjusted and trend
In original terms, metres drilled rose 0.1%. Drilling in areas of new deposits rose 28.9% and drilling in areas of existing deposits fell 8.6%.
METRES DRILLED, original series
The good news for drilling contractors is that metres drilled on new deposits has risen from 314,000m in the September quarter 2015 to 539,000m in the same period 2016. This would be a result of both the stabilisation and increases in metals and commodity prices, resulting in improved investment into the sector.