Budget Paper No.6 1997/98 Northern Territory Economy
Tabled Paper 3223
Tabled Papers for 7th Assembly 1994 - 1997; Tabled papers; ParliamentNT
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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