Territory Stories

Budget 2013/14 Northern Territory Economy

Details:

Title

Budget 2013/14 Northern Territory Economy

Other title

Tabled paper 295

Collection

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

Date

2013-05-14

Description

Tabled by David Tollner

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

Publisher name

Department of the Treasury and Finance

File type

application/pdf

Use

Copyright

Copyright owner

See publication

License

https://www.legislation.gov.au/Details/C2019C00866

Parent handle

https://hdl.handle.net/10070/273751

Citation address

https://hdl.handle.net/10070/426369

Page content

124 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 Manganese is the fourth most used metal globally after iron, aluminium and copper. Around 90percent of the worlds manganese production goes into steel manufacturing as an alloying agent. After steel, the second most important market for manganese is in the form of electrolytic manganese dioxide used in dry cell batteries. Much like ironore, demand for manganese is primarily driven by global demand for steel. Over the past decade, increased urbanisation and strong economic activity in countries such as China and India have driven substantial increases in demand for steel and in turn manganese. Manganese accounted for more than 40percent of the total value of mineral production in the Territory in 201112. The value of manganese production in the Territory increased from $1.10billion in 201112 to an estimated $1.11billion in 201213 (up by 0.9percent). Levels of production are currently at maximum capacity following record levels of production in the first half of 201213 as a result of increased plant availability at GEMCO, while the manganese mine at Bootu Creek also moved closer to maximum production capacity. The McArthur River mine, located 65kilometres southwest of the town of Borroloola, is the worlds largest producer of zinc/lead concentrate. Owned by XstrataZinc, the McArthur River mine produces around 2.5milliontonnes of high grade bulk zinc/lead concentrate per annum, which is used in the production of metals and alloys. Since operations began in 1995, the McArthur River mine has twiceexpanded operations. In late2012, Xstrata Zinc approved a third expansion, a $360million investment to more than double production capacity at the mine to 5.5million tonnes of concentrate perannum. The expansion will increase the capacity of the mines processing plant and extend the life of the mine by nineyears, from 2027to2036. The value of zinc/lead concentrate production is estimated to increase from $414million in 201112 to $416million in 201213 (up by 0.3percent) as production remains relatively unchanged with Xstrata Zinc operating the facility at near 100percent capacity over the period. Chart 10.3: Value of MineralProduction1 (moving annual total) 0.0 0.5 1.0 1.5 01 02 03 04 05 06 07 08 09 10 11 12 13e 14f 15f 16f 17f Manganese Gold $B Bauxite Zinc/lead concentrate Iron ore Year ended June Manganese Zinc/Lead Concentrate


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