As has been the case in other states, junior miners are expected to have a major role in the emerging resources power play. “A lot of juniors are taking advantage of mining licences they’ve had for some time that they can’t develop - some of the bigger companies want to take over their mining licenses,” observes DeRuvo. “There’s a lot of movement in that industry.”
Agribusiness
When the drought broke in Queensland and Victoria, it was followed by widespread flooding. South Australia has managed to escape the latter extremity and the rural sector has benefitted accordingly. “One of our clients Viterra, just to take an example, just had a record year in terms of bulk grain handling,” says David Martin. “That’s indicative of a renewed buoyancy in the rural sector which adds flavour to our optimism for the economy moving forward.” However, one exception is the wine industry which is continuing to undergo some well publicised restructuring and asset disaggregation. “There are a wide range of assets that are looking for a home - major wine groups are clearly revising where they want to go,” says Nigel McBride. “It’s been a bit of an annus horribilis.”
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