Territory Stories

Annual Report 2003/2004 Department of Business Industry and Resource Development

Details:

Title

Annual Report 2003/2004 Department of Business Industry and Resource Development

Other title

Tabled paper 1496

Collection

Tabled Papers for 9th Assembly 2001 - 2005; Tabled papers for 9th Assembly 2001 - 2005; Tabled papers; ParliamentNT

Date

2004-10-13

Description

Deemed

Notes

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.

Language

English

Subject

Tabled papers

File type

application/pdf

Use

Copyright

Copyright owner

See publication

License

https://www.legislation.gov.au/Series/C1968A00063

Parent handle

https://hdl.handle.net/10070/284199

Citation address

https://hdl.handle.net/10070/409060

Page content

APPENDIX 1 RESOURCE AND PRIMARY INDUSTRY SECTOR OUTCOMES Mining Sector Compared to 2002-03, the overall value of production in the mining industry in 2003-04 decreased by 18.1%, representing approximately $514M decrease to approximately $2,325M. The impact of a 42.3% decline in the volume of crude oil production from the Laminaria and Corallina oil fields in the Timor Sea accounted for most of the decreased value of the NT mining sector. Metallic Minerals The value of metallic mineral production increased by 5.3%. This represents an increase of $68m from $1 295M in 2002-03 to $1 364M in 2003-04. The increased value was primarily the result of a 19.2% increase in zinc-lead production volume (57 324 tonnes) plus a price increase of 10.3%. The value of gold production during 2003-04 was also up by $24M. A small decline in production volume (4.7%) was offset by higher gold prices (12%). The production value of alumina and bauxite were slightly down because of lower prices for alumina and or lower production volume of bauxite. Manganese production volume during the year was up by 34%, but its value was offset by a 25% decrease in price. Non-metallic Minerals The value of non-metallic mineral production decreased by 63.6%. This represents a decline of $33M from $52.5M in 2002-03 to $19.1M in 2003-04. The decrease were mainly due to decreases in the production value of diamond (with the closure of diamond mine Merlin in June 2003) and crushed rock, gravel, sands (with the completion of the Darwin to Alice Springs railway). Production value of vermiculite declined by 50.8% due to a decline in both volume and price. Energy Minerals The value of energy production decreased by 36.8% during 2003-04. This represents a decrease of $549M from $1 492M in 2002-03 to $942M. The decrease was mainly caused by lower production volume (42.3%) and lower price (4.3%) of crude oil. Natural gas production volume from Central Australia also declined slightly (0.6%) while price decreased by 3.1%. The value of uranium ore increased by 19.5% because of higher production volume (6.4%) and a 12.2% price rise. Department of Business, Industry & Reso i , rce Development


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.