Budget 2013/14 Northern Territory Economy
Tabled paper 295
Tabled papers for 12th Assembly 2012 - 2016; Tabled papers; ParliamentNT
Tabled by David Tollner
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Department of the Treasury and Finance
8 Overview 2013-14 Budget Minemakers is proposing to develop the Wonarahphosphate deposit over coming years subject to securing financing and buyers. In the initial stages of the project, the Wonarah project is aiming to produce around 1milliontonnesperannum (mtpa) of phosphate, increasing this to 3mtpa in later years; Arafura Resources proposed rare earths mine at Nolans Bore north west of Alice Springs. Arafura Resources is aiming to produce 20000tonnes of rare earths per annum over a 30-year period; 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 into a processing facility and power plant; the proposed 3380 square metre expansion of the CasuarinaSquare shopping precinct, incorporating the construction of a new Myerdepartment store, a food plaza and a leisure and recreation facility. Plans for this project are currently under consideration by the Development Consent Authority; and The Gateway, a proposed mixed-use development in Palmerston, which incorporates a supermarket, a discount department store, restaurants and various specialty stores.
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