Value Of Mineral Production Over Past Year Exceeds $ 4.92 Billion

Value Of Mineral Production Over Past Year Exceeds $ 4.92 Billion

Northern Territory Minister for Primary Industry and Resources Paul Kirby

Third Straight Year Of Record Mineral Production

Victor P Taffa

Minister for Primary Industry and Resources Paul Kirby this morning announced the value of mineral production in the Northern Territory for the past year was the highest on record at $4.92 Billion.

“Posting a third straight year of record mineral production is sensational for the industry, and directly supports thousands of local jobs.” Minister for Primary Industry and Resources Paul Kirby said.

“Events such as Resource Week are a highlight of the industry calendar and continue to be a fundamental part of unlocking private investment, essential for the continued expansion of mining in the Northern Territory.”

This announcement, made at Northern Territory Resources Week during the Minister’s Mining the Territory address, signals a 10 % increase from last financial year, and the third straight year of record production figures.

Northern Territory Government last year announced mineral production had exceeded the $4 Billion mark for the first time, while the year prior recorded what was then a record production value of $3.63 Billion. This means there has been a $1.29 Billion increase in the value of Northern Territory mineral production in just over 2 years.

Mining the Territory conference forms part of Northern Territory Resources Week, which is taking place at the Convention Centre today and tomorrow and includes the South East Asia Australia Offshore and Onshore Conference and for the first time the Environmental Management and Logistics Forum.

Northern Territory Resources week is welcoming over 850 delegates this year, generating close to $1 Million in visitor expenditure.