Territory Stories

Budget 2013/14 Northern Territory Economy



Budget 2013/14 Northern Territory Economy

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Tabled paper 295


Tabled Papers for 12th Assembly 2012 - 2016; Tabled Papers; ParliamentNT




Tabled by David Tollner


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122 Mining and Manufacturing 2013-14 Budget e: estimate; f: forecast 1 Inflation adjusted, base year 201011 Source: Department of Treasury and Finance; Department of Mines and Energy Minerals There are a number of worldclass resources in the Territory, with some of Australias largest deposits of uranium, zinc/lead, bauxite and manganese. Smaller quantities of other commodities such as gold, copper, iron ore, rare earths, tungsten, zircon sands and potash are also produced in the Territory (Map 1). Production is significantly influenced by output from a small number of mines namely: the Groote Eylandt Mining Company (GEMCO) manganese mine on Groote Eylandt; the Pacific Aluminium bauxite mine on the Gove Peninsula; the McArthur River zinc/lead mine at Borroloola; the Noble Group iron ore mine at Frances Creek; the Granites gold mine in the Tanami and Crocodile Gold near PineCreek; and Energy Resource of Australias uranium mine near Jabiru. Mineral Production In inflationadjusted terms, the value of mineral production in the Territory is estimated to increase from $2.3billion in 201112 to $2.4billion in 201213 (up by 2.3percent). Growth is expected to be mainly due to increases in bauxite, iron ore and manganese production and partially offset by a decline in gold production (Chart10.3). Chart 10.2: Value of Mineral and Energy Production1 (moving annual total) 0 1 2 3 4 5 6 7 8 01 02 03 04 05 06 07 08 09 10 11 12 13e 14f 15f 16f 17f Total energy $B Total mining and energy Total mining Year ended June