Territory Stories

Budget Paper 1994-95 No.6 Northern Territory Economy



Budget Paper 1994-95 No.6 Northern Territory Economy

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Tabled Paper 2156


Tabled Papers for 6th Assembly 1990 - 1994; Tabled Papers; ParliamentNT




Tabled by Barry Coulter


Made available by the Legislative Assembly of the Northern Territory under Standing Order 240. Where copyright subsists with a third party it remains with the original owner and permission may be required to reuse the material.




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Mining gold, with major operating mines in the Pine Creek area (including Mt. Todd), the Tanami Desert and the Tennant Creek area; manganese on Groote Eylandt - one o f the worlds four major producers o f high grade ore; zinc, lead and silver, including one o f the worlds largest known ore bodies at M cArthur River; and less significant reserves o f bismuth, copper, diamonds, mica, molybdenum, palladium, platinum, tantalite, tin and tungsten. As shown in Figure 8.2, mineral production declined in 1992/93 due to a combination of lower production quantities in most minerals and subdued world commodity prices. Mineral production is estimated to increase 10% in 1993/94, underpinned by the commencement of production at Mt. Todd gold mine in mid year together with improved commodity prices spurring increased production levels. Figure 8.2 Northern Territory Mining Production $ m illion 1400 n 0ther 0 1987/88 1988/89 1989/90 1990/91 1991/92 1992/93 1993/94* Source: D ept, o f M ines and Energy * N T Treasury estimate

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