Mineral Resources Minister Tom Koutsantonis has launched South Australia’s Magnetite Strategy, which aims to more than double the number of magnetite mines in the State in less than 15 years.

Archer Exploration has been granted approval for its Campoona graphite project, north of Cleve on the Eyre Peninsula.

South Australia’s mineral resource potential will be on show today at Discovery Day at the Adelaide Convention Centre.

Treasurer Tom Koutsantonis has criticised the Liberals for announcing a policy that could amount to a funding cut for regional South Australia.

South Australia will push ahead and commission modelling of alternative energy policies after the COAG Energy Council voted against a proposal to model a Clean Energy Target and an Energy Intensity Scheme in parallel to the National Energy Guarantee.

Energy Minister Tom Koutsantonis says the Energy Security Board’s advice on the National Energy Guarantee proves it would entrench the market power of existing fossil fuel generators and retailers, limiting competition and driving up power prices in South Australia.

A total of about 450 jobs in Adelaide and the South East will be created through three new projects supported by the State Government’s $200 million Future Jobs Fund.

South Australia’s economy outperformed all other states last financial year, with Gross State Product rising by 1.6 per cent on per capita terms, compared to the national rate of 0.4 per cent.

The State Government will deliver payroll tax relief to small business equivalent to that proposed in the Budget Measures Bill, and will introduce a new Bill today to pass the Foreign Investor Surcharge and increase it to 7 per cent.

Treasurer Tom Koutsantonis has revealed South Australian small businesses will receive a payroll tax increase if the Liberals block the Budget Measures Bill in Parliament this week.

The Australian Bankers Association (ABA) has been forced into an embarrassing back down by the Electoral Commissioner, after publishing false information about South Australia’s unemployment rate on their campaign website attacking the SA major bank levy.

Steven Marshall must explain why he is protecting the big banks following NAB’s announcement this morning of a $6.6 billion profit and the axing of 6000 staff across the country.