Territory Stories

Budget papers 2007 - 2008



Budget papers 2007 - 2008

Other title

2007/08 Budget paper


Northern Territory. Department of Treasury


Northern Territory budget papers; Reports; PublicationNT




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




Appropriations and expenditures; Periodicals; Budget; Finance, Public

Publisher name

Northern Territory Government

Place of publication




File type



Attribution International 4.0 (CC BY 4.0)

Copyright owner

Northern Territory Government



Parent handle


Citation address


Related items

https://hdl.handle.net/10070/591624; https://hdl.handle.net/10070/591625; https://hdl.handle.net/10070/591628; https://hdl.handle.net/10070/591632; https://hdl.handle.net/10070/591634; https://hdl.handle.net/10070/591619; https://hdl.handle.net/10070/591621; https://hdl.handle.net/10070/591623

Page content

8 Northern Territory 007-08 budget Mining and Energy In terms of output, mining is the largest industry in the Territory, accounting for 25 per cent of gross state product (GSP) in 2005-06, compared to 7 per cent nationally. Mining output is volatile as production is dominated by a small number of large projects. Global supply and demand conditions and the impact of exchange rate movements on competitiveness are key factors affecting production levels and prices. In recent years, declining output from the Laminaria-Corallina oilfield in the Timor Sea has been partially offset by increasing gas and condensate production from Bayu-Undan, as well as LNG production at the Wickham Point plant. Mineral production and processing is expected to significantly increase in the next few years, with growth driven largely by increased production of alumina, gold and manganese. Mineral and energy production is estimated to increase by 26.1 per cent to $6.3 billion in 2006-07. More moderate growth of 6.6 per cent is expected for 2007-08. In the medium to long term, the level of exploration is expected to continue to increase, supported by strong commodity prices and Northern Territory Government initiatives. 0 1 2 3 4 5 6 7 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07e 08f Total Energy Minerals Gas and mineral processing 1 $B Year ended June Value of Mining and Energy Production and Processing (nominal dollars) 1 Includes alumina and LNG manufacturing e: estimate; f: forecast Source: Northern Territory Treasury, Department of Business, Economic and Regional Development, Department of Primary Industry, Fisheries and Mines

Aboriginal and Torres Strait Islander people are advised that this website may contain the names, voices and images of people who have died, as well as other culturally sensitive content. Please be aware that some collection items may use outdated phrases or words which reflect the attitude of the creator at the time, and are now considered offensive.

We use temporary cookies on this site to provide functionality.
By continuing to use this site without changing your settings, you consent to our use of cookies.