Territory Stories

ALC 15 year strategic plan 2012-2027

Details:

Title

ALC 15 year strategic plan 2012-2027

Creator

Anindilyakwa Land Council

Collection

Anindilyakwa Land Council annual report; Anindilyakwa Land Council strategic plan; Reports; PublicationNT

Date

2012

Notes

Made available via the Publications (Legal Deposit) Act 2004 (NT).

Language

English

Subject

Anindilyakwa Land Council (N.T.) -- Periodicals; Aboriginal Australians -- Northern Territory -- Groote Eylandt -- Periodicals

Publisher name

Anindilyakwa Land Council

Place of publication

Alyangula

Volume

2012-2027

Copyright owner

Anindilyakwa Land Council

Parent handle

https://hdl.handle.net/10070/254602

Citation address

https://hdl.handle.net/10070/529654

Page content

ALC 15 year Strategic Plan 10. Goal F: Moving to a Regional Authority 124 10.3 ROYALTY INCOME Over the last few years, the ALC has received annual royalty income in excess of $20 million, mostly distributed to GEBIE to honour commitments under the RPA and to maintain its social program. Recent world events, including the global financial crisis affecting consumer demand in Europe, contractions to the US and a corresponding contraction to demand for commodities in China economy have translated into an end to the mining boom and a slowing down of demand for iron ore and as such, for manganese sourced from Groote Eylandt. GEMCO royalties reduced 50% over the six months to November 2012 during which this Plan was formulated. It is the advice of GEMCO that the current royalty incomes will likely plateau at this level for the life of the mine, which is currently set for a minimum of 15 years depending on whether Traditional Owners allow more access to deposits. The community has understood this and encouraged the ALC to prepare for a future without a dependence upon royalties to underpin its economy and wellbeing. The organisational dependence upon royalties must correspondingly slow down and eventually cease. Simultaneously there is a growing acknowledgement among Traditional Owners that the current economy of royalty and welfare dependence is not sustainable and changes must be made in how business is run. Figure 12: Royalties from Groote


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