Budget Paper 1994-95 No.6 Northern Territory Economy
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.
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