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

134 Mining and Manufacturing 2013-14 Budget Sherwin Iron has proposed to develop a $180million Roper River iron ore project located 475kilometres south east of Darwin along the RoperHighway. The mine is expected to produce around 5million tonnes of iron ore per annum; Western Desert is looking to develop the Roper Bar iron ore project. The project is expected to produce around 10million tonnes of iron ore perannum; Australian Abrasive Minerals has a proposed garnet sands deposit, 170kilometres north east of Alice Springs at Spinifex Bore. The mine is estimated to have a 25year supply of high quality mineral sands; Minemakers proposed production of phosphate from the Wonarahdeposit is subject to securing finance and buyers. The Wonarah project is aiming to initially produce around 1mtpa, increasing to 3mtpa in later years; Arafura Resources proposed development at Nolans Bore rare earths depost north west of Alice Springs aims to produce 20000tonnes of rare earths per annum over a 30year period; and Vista Gold is proposing to reopen the Mt Todd Gold Mine located 50kilometres north of Katherine. The operation has the capacity to produce approximately 240000 ounces of gold per annum. The inclusion of gold from Mt Todd would nearly double current levels of production in the Territory and would require substantial levels of capital investment in a processing facility and power plant.


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