Magnetite Charter

The Magnetite Network – MagNet was formed in April 2009 and aims to

• Provide legislators with evidence based arguments for the promotion of the existing and emerging magnetite industry, and by doing so provide MagNet with the opportunity to influence public policy and debate;
• Build widespread recognition within all tiers of government and the public as to the benefits to Australia from the magnetite industry and its value-adding potential;
• Promote Australian magnetite projects as an important emerging group within the iron ore industry;
• Demonstrate the significant net global reduction in carbon emissions that result when magnetite is compared to hematite iron ore in steel production, and
• Demonstrate the significant economic, social and regional development opportunities from magnetite projects.

MagNet Membership provides

• An independently run industry group to advance the magnetite industry;
• Dedicated advocacy services targeting policy-makers and political decision-makers;
• Facilitated access to key Federal/State decision-makers;
• Strategic advice on key State and Federal policy proposals and developments;
• Representation in written and verbal submissions to relevant Government Reviews;
• Representation at key State/National industry events;
• Papers delivered at key resources conferences and events;
• Profile raising in media and public awareness material at a national, state and regional level, and
• Access to regular MagNet member meetings and information circulars.

Structure

• MagNet has a registered business name, but is an unincorporated representative body;
• Members will elect a Chairman to rotate from time to time as decided by the full members. However no individual representative of any member shall retain the Chairmanship for more than two consecutive years, and
• Members may retain a third party consultancy service to act in the role of Executive Director and Secretary to MagNet. These services have been provided by Anwyl Consulting since the inception of MagNet in April 2009.

Meetings

• MagNet will meet not less than six times a year and more often as required, and
• Minutes of all meetings will be kept and distributed to all members on a timely basis.

Membership

• Prospective members will make application to join Magnet via the Executive Director. Full members will make a final decision regarding acceptance of new membership applications.

Full Member status

• Member subscriptions are payable quarterly in advance, and reasonable reimbursable expenses will be split equally between all full members;
• Available to resource companies with magnetite projects only;
• Full voting rights on matters requiring decision by members;
• Eligible to nominate a delegate for MagNet Chairman role, and
• Membership is encouraged for a minimum 12 month period.

Associate Member status

• Member subscriptions are payable quarterly in advance, and reasonable reimbursable expenses will be split equally between all full members;
• Available to resource companies with magnetite projects, and
• Membership is encouraged for a minimum 12 month period.

Supporting Member status

• Available to individual companies or alliances of mining companies, and
• Minimum 6 month period, with minimum 6 month extension.

Cessation of Membership

• Members are required to give three months’ notice of intention to cease membership;
• This notice of intention applies to all tiers of membership, and
• In the event a member wishes to give immediate notice of cessation of membership, that member will be liable for a further payment of three months payment of subscription fees forthwith.