The Territory Government’s plan to create jobs and stimulate the economy through the resources industry is showing positive signs, with a report showing encouraging results in the NT mining sector. 

The Fraser Institute Annual Mining Survey 2018 shows that the Northern Territory’s ranking on the Investment Attraction Index is now 23rd – up from 27th the previous year.

The Territory has also improved to become the third best performing Australian jurisdiction, up from fourth the previous year.  

Under the Territory Labor Government, mining has been growing strongly with results from the 2017/18 financial year showing: 

• Mineral exploration expenditure in the NT increase by 43 per cent, compared to 26 per cent nationally; and 

• Record-breaking mineral production of $4.49 billion – up 24 per cent on the previous year

The Territory Labor Government will continue to invest in jobs and support the resources industry, and while there is more work to do, the strong results in the survey show this is helping to make the NT an appealing place to invest in mining.

Unlocking more private investment in the resources sector and delivering on major mining projects, which create local jobs and support local businesses, are other priorities for the Territory Labor Government.

Quotes from Minister for Primary Industry and Resources, Paul Kirby:

“The Territory Government supports the mining industry and the jobs it brings to the Territory.

 “Our Government has delivered a record-breaking investment in mineral exploration with $26 million being spent over four years on our Resourcing the Territory initiative.  

 “The Resourcing the Territory initiative is the biggest investment by any Territory Government into programs to attract and support resources exploration in the Territory – supporting local jobs and supporting local businesses.”

Media Contact: Carl Pfeiffer 0417 910 720