Northern Territory’s mineral production and exploration expenditure figures for 2019-20 have been released, highlighting another strong year for the Territory’s mining sector.
The total value of mineral production was $4.4 billion, which is the third highest level ever recorded in the Territory.
Mineral exploration expenditure for 2019-20 was also strong with $123 million spent by dozens of companies – resulting in the second highest figure since last mining boom in 2012, and 56 per cent higher than 2016-17 results.
Given the impact COVID-19 had on borders and gly-in, fly-out (FIFO) workers this year, these are extremely positive and promising results for the Territory mining sector and economy.
Minister for Mining and Industry, Nicole Manison, said the NT acted swiftly to keep Territory’s mines operating in a safe way through the COVID-19 pandemic – because the industry has a key role in sustaining and growing the Territory’s economy.
“Mining is a huge job creator in the Territory, employing over 4,400 people directly – and with a number of projects in the pipeline we can only expect this number to boom,” the Minister said.
“These are extremely positive results for the Territory mining sector, and with the Territory on the path to being the comeback capital of Australia – we can expect even stronger results next year.”
View the 2019-20 mineral production results here.