The Northern Territory news Wed 4 Nov 2020
The Northern Territory news; NewspaperNT
Community newspapers -- Northern Territory -- Darwin.; Australian newspapers -- Northern Territory -- Darwin.
News Corp Australia
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News Corp Australia
WEDNESDAY NOVEMBER 4 2020 BUSINESS 19 V1 - NTNE01Z01MA The week ahead TODAY Labour Account Australia, June 2020 (Additional Information). Weekly Payroll Jobs and Wages in Australia, Week ending 17 October 2020. Selected Living Cost Indexes, Australia, September 2020. Retail Trade, Australia, September 2020. THURSDAY International Trade in Goods and Services, Australia, September 2020. Weekly Payroll Jobs and Wages in Australia, Week ending 17 October 2020 (Replacement Content). NOV 9 Building Approvals, Australia, September 2020 (Additional Information). NOV 11 Education and Work, Australia, May 2020. Non-Discretionary and Discretionary Inflation, November 2020. and local investments in the economy while ensuring the sustainability for Frances Creek mine, the community and employees in the Pine Creek region and will be a significant contribution to the Northern Territory economy, Mr Illingworth said. Through NT Bullions mine operator, Linecrest Pty Ltd, we have seen the benefits of NT know-how to bring the Frances Creek mine back into production through hard work and perseverance, especially during these COVID-19 challenges. Over the past nine months a research and development project has seen new German ore sorting technology from Steinert adapted in a worlds first for iron ore on the large stock pile at the Frances Creek Mine which is 250 kilometres south of Darwin. The technology enables stock piles of iron ore to be sorted into premium export grade lump and recycles the stock piles without any hard mining, contributing significantly to the rehabilitation of the mine. This new technology in mining provides consistent quality iron ore from otherwise uneconomic stockpiles from former mining operations, Mr Illingworth said. We are contributing to the NT economy while rehabilitating the Frances Creek Mine at the same time. The ore will be trucked 15 kilometres using the existing all-weather access road from the mine to the north-south rail line and then be railed directly into the Darwin Port. CONTINUED P21 NT Business Review 20 AWARDS NIGHT FOR BUILDERS 21 NT BUDGET EXPECTATIONS 26 $600M DEFENCEWORK BRIEFINGS NT Bullion seals global deal with mining giant GARY SHIPWAY THE operators of the Frances Creek mine, near Pine Creek have scored a major coup with its 300,000 tonnes of stockpiled ore. Darwin-based NT Bullion has entered into an agreement with global mining giant Anglo American to market iron ore from the Frances Creek Mine to worldwide customers. The marketing agreement with Anglo American secures sales for the production of Frances Creek iron ore lump and fines, which will be beneficiated from existing stock piles over the next nine months. The first shipment is due to leave the Port of Darwin by the end of the year. NT Bullion managing director Rod Illingworth said the agreement was a significant milestone for the Northern Territory and introduced stability and consistency in selling the iron ore to markets around the world. Access to Anglo Americans technical expertise, risk management experience as well as marketing know-how brings major benefits to NT Bullion, Mr Illingworth said. This agreement allows us to move forward with plans to increase mining opportunities NT Bullion has inked a deal to market iron ore from its Frances Creek mine to worldwide customers. Looking to buy or sell a car, motorbike, boat or caravan? Placing an ad has never been cheaper or easier. Place an ad online today for 10% OFF! Starting from$41 Code: SAVE10
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