Territory Stories

The Northern Territory news Wed 4 Nov 2020



The Northern Territory news Wed 4 Nov 2020

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NT news


The Northern Territory news; NewspaperNT






Community newspapers -- Northern Territory -- Darwin.; Australian newspapers -- Northern Territory -- Darwin.

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News Corp Australia

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Copyright. Made available by the publisher under licence.

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News Corp Australia



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WEDNESDAY NOVEMBER 4 2020 BUSINESS 25 V1 - NTNE01Z01MA Digging deep to deliver THE Minerals Council of Australia says latest economic data has confirmed the importance of the mining industry to the Australian economy. MCA chief executive officer Tania Constable said latest Australian Bureau of Statistics figures show that in a year where the nation has been affected by the COVID-19 pandemic, the mining industry has been a pillar of stability. Despite the overall economy contracting, mining industry GDP increased 4.9 per cent in 2019-20 and totalled $202bn, Ms Constable said. This also made mining Australias largest industry with a 10.4 per cent share of the economy. There are 240,000 people directly employed by the resources sector and a total of 1.1 million direct and indirect jobs in the mining and mining equipment, technology and services (METS) sectors. Ms Constable said to ensure mining continues to drive Australias post-COVID economic recovery governments should support the industry with faster project approvals, competitive tax rates, co-investment in modern skills programs and more flexible workplaces. It is a comment not lost on the Territorys new Mining Minister Nicole Manison who has promised the Territory mining industry a regulatory environment that provides certainty for new and existing Territory mine projects when it comes to regulatory timelines, cuts red tape and makes the NT a competitive and attractive place to invest. Ms Manison has promised to reduce assessment and approval time frames especially for relatively low risk activities such as exploration, without compromising environmental outcomes. I want Mine Management Plans to be streamlined and I want more certainly around assessment timelines, Ms Manison said. I dont want companies submitting kilos of unnecessary paperwork. I want this to be a better process so we attract more investment here in the Territory and we are seen as a leader in the global resources industry. The mining sector, both in exploration and production, creates jobs, helps build our regions, grows wealth for Territorians and contributes to improving essential infrastruc ture such roads. The Territory is highly regarded for its mineral potential, being ranked as the fifth most prospective jurisdiction in the world in the most recent Fraser Institute Survey of Mining Companies. The total value of mineral production in the Territory was $4.4bn in 2019-20. This is the third highest level of production ever recorded in the Territory. This is a strong result despite COVID-19. GARY SHIPWAY The Murphy project is near the NT-Queensland border. CANADIAN-based company Laramide Resources has completed the terms of a sale and purchase agreement for the acquisition of the Northern Territorys Murphy project from Rio Tinto near the NT-Queensland border. The company holds a 100 per cent interest in the Murphy uranium tenements about 200km southeast of the McArthur River mine. The strategically located uranium project consists of 683.5sq km of granted exploration tenure. The Murphy project is adjacent to Laramides Westmoreland project which is nearby on the Queensland border near the Gulf of Carpentaria. It is regarded as an important potential asset within Laramides large regional uranium tenement holdings. Laramide originally joint ventured the project from Rio Tinto Exploration (RTX) in 2011 before acquiring it outright in 2018. Since its involvement with the project, Laramide has commissioned several different types of airborne geophysical surveys including combined magneticsradiometrics, time-domain electromagnetics, and gravity gradiometry surveys. Limited geochemical work has also been conducted historically, as well as a modest amount of shallow drilling. Laramide believes the Murphy project has potential for Westmoreland-style and unconformity related uranium mineralisation and intends to adopt a more aggressive stance towards exploration as industry conditions improve. The Murphy uranium province produced highgrade uranium during the 1950s and stands out among the worlds attractive underexplored uranium provinces, having not seen any meaningful exploration since the 1970s. GARY SHIPWAY LARAMIDE RESOURCES COMPLETES DEAL FOR URANIUM MINE ON BORDER FOOD services company Sodexo has pledged to purchase at least 75 tonnes of surplus food by August 2021, leading the charge in corporate sustainability. And the mining village at Tanami is supporting the scheme. Sodexo will use Yume an online wholesale marketplace for surplus food that allows suppliers and buyers to connect with each other to prevent high quality, edible food from going to waste. Sodexos Yume food purchases are primarily through the companys mining sites, with the companys Tanami mine site village in Central Australia one of the biggest Yume purchasers. Sodexos Tanami village alone has purchased 8123kg of surplus food through Sodexos supply chain. Following a successful trial, Sodexos team at Tanami now purchases salmon, export quality pork, diced beef, chicken and more, ordering in bulk and building the products into their quarterly menus. Tanami site manager Sodexo Australia, Tristan Allen, said he was surprised at how much food would normally have gone to waste. We now purchase almost a tonne of poultry every six to eight weeks that would have otherwise gone to waste, he said. With Yume part of our main supply chain, were looking at how we can incorporate even more products as we review our menu each quarter. TANAMI MINING VILLAGE PLAYS A PART IN MISSION TO REDUCE FOOD WASTE Sodexos mission to reduce waste extends across its operations in Australia. Yume founder and chief executive officer Katy Barfield said 7.3 million tonnes of food was wasted every year in Australia. Of this, 4.1 million tonnes is from the commercial food sector, she said. Through the purchase of top-quality surplus food through Yume, Sodexo has become a leader in sustainable procurement and given hundreds of businesses a lifeline. Sodexos actions have helped reduce the production of regular plastics by 156 tonnes and offset 1122 tonnes of carbon, as part of its partnership with packaging provider BioPak. 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