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Resources and Agribusiness Exports Underpinning Australia's Economy


NT Government
Data released this week by the ABS showed Australia posted a $9.7 billion trade surplus in May, which is not far off the record high of $9.87 billion set in January.
The data is very much in line with the Territory’s Economic Reconstruction final report and its focus on our mining and agriculture sectors as key contributors to the Territory economic rebound.
This month we saw the first shipment of iron ore from processed waste materials at Frances Creek Mine celebrated, as iron ore prices hit record highs, reaching more than US$210 per tonne as demand for the mineral soars. ....

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Territory Exploration Grants Open


NT Government
Applications are now open for Round 14 of the Territory Government’s exploration drilling and geophysics grants.
This program, which is part of the $26 million Resourcing the Territory initiative, is the biggest investment by any Territory Government into programs to attract and support resources exploration in the Territory.
Round 14 sees the funding criteria expanded to include drilling in brownfields areas (close to known mineral deposits), as recommended by the Territory Economic Reconstruction Commission.
The program provides co-funding assistance of 50 per cent of the program cost, up to $125,000.
Round 13 awarded up to $1 million in funding to five exploration drilling projects and seven geophysics projects from ten companies. ....

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