2017-03-17 NT News: Inpex by the numbers
1,000 locals employed during the course of the project; 7,000 workers currently employed at the site; $6.8 billion benefit to the NT economy; 1,100 NT businesses awarded more than 4,000 contracts and purchase orders.
2017-03-25 NT News: TOs green light gas pipeline
Traditional owners have given the green light for the construction of the $800m Northern Gas Pipeline…pipeline constructor Jemena announced it had reached agreement.
2017-03-22 McArthur River Mine: Draft EIS
MRM is a major open cut operation, developing one of the largest known sedimentary stratiform zinc-lead-silver deposits in the world. Mining commenced at MRM in 1995 and its current operations were approved by the Northern Territory Government in 2013 as the Phase 3 Development Project: “ore remaining from 2018: 90Mt, up to 5,5Mtpa. Contributions to govt revenue over the operational period (30yrs): $117.4M total payroll taxes and $435M in royalties paid to NTG; $1.038bn corporate taxes paid to Commonwealth... average annual site labour force of: 845 positions during operational stage.
2017-03-25 NT News: Green light for prawns
The company proposing to build one of the world’s largest prawn farms in the Northern Territory has passed one of its biggest hurdles with the NT Environmental Protection Authority giving the project the thumbs up… Seafarms executive director Dr Chris Mitchell welcomed the NT EPA’s decision… “It has been a rigorous process and the project will establish a viable new export industry in Northern Australia that will provide significant economic and social benefits for the Northern Territory and Western Australia for years to come…” The two-year construction period for stage one at Legune Station is expected to create 444 full time construction jobs and about 300 full time operation jobs.
2017-03-24 NT News: Beef deal with China
Cattlemen will press the Northern Territory’s claims as a chilled meat exporter on the back of a new deal with China and the visit of a high-level delegation to Darwin starting on Monday. The Chinese delegation from Rizhao in China, the base of Landbridge Group, lessees of Darwin port, will include its owner billionaire businessman Ye Cheng. The deal, to expand access from 11 exporters to all eligible Australian exporters, was announced by Prime Minister Malcolm Turnbull at a joint media conference with Chinese Premier Li Keqiang in Canberra…
NT Cattlemen’s Association chief executive officer Tracey Hayes said the delegation would be given a “supply chain tour” including the port and AACo’s abattoir at Livingstone. “We will put the issue of chilled exports from Darwin. We are working towards positioning NT cattle for this market… Landbridge has spent $11 million increasing its refrigerated container capacity at the East Arm port. The 2.3ha paved handstand area was made operational in January. It now has the capacity to handle up to 250 refrigerated containers, a 5-fold increase on its previous capacity. It will eventually have the capacity to handle 2000 refrigerated containers. Landbridge committed to $200 million to invest in the port over the next 25 years to boost trade.
2017-03-14 NT News: Canada invests $50m on NT cattle
The Public Sector Pension Investment Board bought Ambalindum Station and Numery Station… through the Queensland-based Hewitt Cattle Australia. The properties cover 650,000ha with an estimated carrying capacity of 20,000 head of cattle.
2017-03-22 ABC News: Feasibility study for Ord Stage 3 begins
$5 million Commonwealth-funded study into the feasibility of expanding Western Australia's Ord Irrigation Scheme into the Northern Territory will ramp up in the coming months… in WA, work is expected to begin soon on testing the feasibility of raising the height of Lake Argyle's spill way and distribution of water towards the NT. "This will be the 1st time the NT Government has undertaken a scientific study in the Keep River [area] in 40 years, with the last study published in 1977… the Government had identified the Ord Stage 3 project as one that may have the potential to "play an important role in regional development and economic growth in the north. The purpose of these studies is to examine the feasibility, economic returns and sustainability of Ord Stage 3, and provide a solid base of evidence to guide future investment decisions."
2017-03-21 The Australian:
Sandalwood giant drops bulk approach to focus on sustainable luxury
TFS, which part-owns and manages 12,000ha of sandalwood plantations spread across northern Australia, will this week rebrand itself as Quintis, to be the key global supplier of commercial quantities of sustainable sandalwood oil and timber. TFS’s production of the oil-rich heartwood at the trees’ core has jumped from just 30t in 2014 to 300t last year, while prices have risen from $US120,000t of heartwood to more than $US150,000… Sandalwood shipped from the company’s processing plant at Kununurra will now be stamped or branded with the Quintis Trustmark (QIN). Its oil and skincare products will also all carry the new brand.
2017-03-24 NT News: Here comes the Marines
An advance party of Marines arrived in Darwin last week ahead of the 6-month rotation… Three major training exercises are planned during the 6-month rotation, including Exercise Southern Jackaroo, which has in the past included lengthy live-fire drills, Talisman Sabre, which in 2015 saw a large-scale amphibious landing at Fog Bay, and Exercise Koolendong. The Marine contingent is expected to bring as many as 13 aircraft, including 4 MV-22 Ospreys.
2017-03-24 NT News: Darwin in India’s fly-sight
The Territory’s hopes of tapping into the emerging India tourist market is a step closer with one of India’s premier international airlines adding Darwin to its destination footprint. Mumbai-based Jet Airways and Singapore-based Jetstar Asia have signed a codeshare agreement for flights from Singapore extending Jet’s footprint to Darwin…Jet Airways chief commercial officer Jayaraj Shanmugam said Darwin was now an increasing feature in the itineraries of Indian travellers seeking newer leisure destinations… Jet Airways is the second largest airline in India after IndiGo with a 21.2% passenger market share… India is one of the world’s fastest growing outbound travel markets, with predictions of 50 million outbound travellers by 2020. It is Australia’s 10th largest inbound market for visitor arrivals.
2017-03-23 Economic Brief: Population September 2016
The Territory’s estimated resident population increased by 0.2% to 245,657.
2017-03-21 Our Economic Future NT Economic Development Framework
https://economicsummit.nt.gov.au Discussion draft available… The Northern Territory has the advantage of being in close proximity to Asia compared to most other Australian jurisdictions. There are 24 million people within 5 hours south of us and 400 million people within 5 hours north. The NT economy has grown considerably over the past decade supported by a steady stream of major projects. Gross state product has grown from $16.1 billion in 2005-06 to $23.6 billion in 2015-16. This is an increase of nearly 50%.
2017-03-16 Economic Brief: Labour Force February 2017
Trend resident employment in the NT increased by 0.8% to 140,604 persons in February 2017, the highest increase of all jurisdictions. Trend unemployment rate was 3.5% in the month, the lowest of all jurisdictions. Trend participation rate was 78.1%, the highest of all jurisdictions.
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