The Centralian Advocate Fri 8 Jan 2021
Centralian Advocate; NewspaperNT
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Community newspapers -- Northern Territory -- Alice Springs; Tennant Creek (N.T.) -- Newspapers; Alice Springs (N.T.) -- Newspapers; Australia, Central -- Newspapers
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News Corp Australia
FRIDAY JANUARY 8 2021 NEWS 05 V1 - NTNE01Z01MA THE federal governments plan to increase onshore diesel stockholdings and protect the nations fuel supply is stepping up a notch, with applications opening Monday to be a part of the $200m program, which the Top End is expected to feature prominently in. The Boosting Australias Diesel Storage Program is a key part of the Morrison governments fuel security package to secure Australias longterm fuel supply and bolster local industry. Federal Energy and Emissions Reduction Minister Angus Taylor said the government wanted to target projects that enhanced fuel security by being in a strategic regional location or that were connected to existing fuel infrastructure. The US military has already flagged plans to build a big fuel storage in the Darwin region and an aviation fuel farm, containing at least six million litres of reserve fuel, has already been funded as part of the Tindal RAAF Base upgrades. Through the Boosting Australias Diesel Storage Program, up to $200m in competitive grants will be provided over three years to support the construction of an additional 780 megalitres of onshore diesel storage. Successful projects will receive grants of up to $33.3m, with the federal government covering up to 50 per cent of total eligible project expenditure, Mr Taylor said. Projects are expected to start construction this year and be completed within three years. Critical fuel farm scheme kicks off GARY SHIPWAY $200m copper mine on track after NT tick THE green light given to the Territorys $200m Jervois copper mine by the NT government could pave the way for an expansion of the Darwin-Adelaide railway. KGL Resources executive chairman Denis Wood said the Jervois base metal project, 380km northeast of Alice Springs, was exceptionally well placed to enter the world copper market as a supplier. An electric car uses four times as much copper as a conventional car, Mr Wood said. There are very few mines ready to go and the world is facing a copper shortage in the future. This will hit the production of electric cars, lithium batteries and so on. Jervois has a mine life forecast of close to eight years, but I believe there is a lot more copper on this site to extend the mine life beyond that. Mr Wood said about 350 jobs would be created and the preference was to hire a Territory workforce. Discussions have begun on project financing and the marketing of the mines concentrate, Mr Wood said. China, Europe and SouthEast Asia are all potential markets. Mr Wood said the project would leap towards a final investment decision if a railway siding where the Plenty Highway intersected The Ghan rail line was on the table. Mr Wood expects 11 B-triple trucks a day on the road to Alice in daylight hours but said a railway siding would avoid that. We have to truck to Alice to get it to the rail and so will other mines such as Arafura Resources Nolans rare earths project and Thors Molyhil project, Mr Wood said. I had discussions with the former federal minister for Northern Australia, Matt Canavan, with a view that North Australia Investment Facility (NAIF) funding would be well used on building a railway siding on the Plenty Highway-Ghan railway crossing. A common user rail siding would be a great source of encouragement to investors for all three of these significant Territory projects. It takes trucks off the road, cuts time and costs. It is a chance for NAIF to provide serious help to three important NT mine projects. KGL Resources Denis Wood is looking forward to the next stages of the mine (inset), about 380km from Alice Springs. Main picture: Che Chorley GARY SHIPWAY Offer ends Tuesday 12 January 2021. Advertised prices apply at Northern Territory stores and are not available at Coles Express. Was prices may vary. Some products may not be available in all stores and only available while stocks last. This medicine may not be right for you. Read the label before purchase. Follow the directions for use. If symptoms persist, talk to your healthcare professional. Vitamins and mineral supplements should not replace a balanced diet. 1/2 PRICE Helping lower the cost of your New Years resolution Find more great specials in this weeks liftout! 6 2 79 6 3 _ N T coles Value the Australian way