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UCL Launches New MSc Programme on Global Management of Natural Resources

Published: Jan 19, 2016 5:07:52 AM

UCL Australia Graduation 2015

Published: Dec 3, 2015 1:33:45 AM

Santos Scholarship 2016

Published: Sep 22, 2015 2:09:55 AM


UCL Australia
Torrens Building
220 Victoria Square
Adelaide, South Australia, 5000

Tel: +61 8 8110 9960
Fax: +61 8 8212 3039

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Research at UCL Australia

UCL School of Energy and Resources

Research in the School of Energy and Resources focuses on both the upstream and downstream development of energy and resources, covering a wide range of disciplines - from engineering and economics to environmental science and law. 

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Mullard Space Science Laboratory

The Mullard Space Science Laboratory (MSSL) is a world-leading research organisation delivering a broad science programme that is underpinned by a strong capability in space science instrumentation, space-domain engineering, space medicine, systems engineering and project management.

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International Energy Policy Institute

The International Energy Policy Institute (IEPI) was created to address key policy issues in the mineral, energy and resources industries through intensive and innovative research.

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2014 Annual Report

2014 Annual Report cover

Read about all departmental research in the 2014 Annual Report.

Changing the Game for South Australia’s Resource Sector by the Addition of Capesize Capable Ports

Thomas Butchart

Thomas Bain Butchart BEng (Mech), MBA

Project submitted in partial fulfilment of the requirements for the degree of MSc (Energy and Resources), UCL School of Energy and Resources, Australia


Economies of scale matter in the realm of global trade for commodities such as iron ore. Producers of iron and steel are constantly on the lookout to lower the delivered cost of their key production inputs, namely iron ore and coal. Through the use of capesize vessels, colloquially known as the gravel trucks of the sea, the cost-per-distance travelled for each tonne is far less than that of other comparable methods. This thesis evaluates the existing infrastructure’s ability to cope with a project such as the proposed Port Spencer mine-port project in South Australia. It then assesses projects globally that are similar elucidating how their commercialisation model can be used to assist the Port Spencer project’s success. World trends in port development, steel production and the needs of stakeholders affected by such a significant project are then reviewed. The thesis then develops and proves the robustness of this project’s financial model. It does so in a tripartite manner. Firstly, through developing the financial milestones and metrics that need to be met. Secondly, by a comprehensive sensitivity analysis with recommendations for a risk mitigation strategy. Thirdly, by qualifying and quantifying the roadblocks to commercial success and methods for their deletion. Conclusions and recommendations are then given for future research to modify the specificity of the findings to a user group’s needs.