Territory Stories

Budget Paper No.6 1997/98 Northern Territory Economy



Budget Paper No.6 1997/98 Northern Territory Economy

Other title

Tabled Paper 3223


Tabled Papers for 7th Assembly 1994 - 1997; Tabled papers; ParliamentNT




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.




Tabled papers

File type




Copyright owner

See publication



Parent handle


Citation address


Page content

and royalties collected under Territory legislation. DME data shows direct employment of 4 232 persons in the mining, energy and processing sector in 1995-96. The Northern Territory content of goods and services consumed by the industry is increasing. The Committee on Darwin report (1995) suggests that about 43% of mining enterprises recurrent expenditure now occurs in the Territory, principally in Darwin. Spin-off benefits also accrue from the oil and gas sector. Following on from the Jabiru Venture refit in 1995, major work staged out of Darwin in 1996 included the Challis Maintenance Campaign which was carried out on site in the Timor Sea. The Northern Territory Government secures revenue from royalties levied on a profit basis. Profit based royalties fluctuate from year to year in line with company performance. Estimated royalties to be received in 1996-97 amount to $28 million. A further $1.3 million is expected to be received as grants in lieu of uranium royalties from the Commonwealth. Royalties are forecast to increase to $30 million in 1997-98. 0 200 400 600 800 1 000 1 200 1 400 1 600 1991-92 1992-93 1993-94 1994-95 1995-96 1996-97* 1997-98# 1998-99# Mineral Production and Processing Industrial Minerals Base Metals Manganese Gold Bauxite & Alumina Source: Dept. of Mines and Energy * DME estimate, # DME forecast Figure 8.3 $ million Mining 43

Aboriginal and Torres Strait Islander people are advised that this website may contain the names, voices and images of people who have died, as well as other culturally sensitive content. Please be aware that some collection items may use outdated phrases or words which reflect the attitude of the creator at the time, and are now considered offensive.

We use temporary cookies on this site to provide functionality.
By continuing to use this site without changing your settings, you consent to our use of cookies.