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



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

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Tabled paper 1496


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






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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

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