Northern Territory kicks off 15th Resources Week

The Northern Territory Resources Week has kicked off for another year, bringing together The South East Asia Australia Offshore and Onshore Conference (SEAAOC), Mining the Territory Conference and the Environmental Management and Decarbonisation Forum.

In its 15^th year, Resources Week is an opportunity to send a message to investors loud and clear that the Northern Territory is a world class destination for mining.

The Northern Territory’s resource industry is worth around $6.2b and is one of the largest job creators with around 5300 people directly employed by the sector. It supports hundreds of small businesses across all regions and delivers millions of resource royalty dollars every year into schools and hospitals.

In the 2022/23 financial year, mineral expenditure in the Northern Territory shot up to $200.1m — a 17% increase from the previous year and the highest recorded since 2011/12. This rise was higher than Australia’s 7% increase.

The Northern Territory has 15 internationally recognised critical minerals and has geological potential for a further 13 emerging critical minerals.

Northern Territory Mining and Industry Minister Nicole Manison said the mining and resource industry plays an important role in the Northern Territory.

“The mining and resource industry plays a vital role in the Northern Territory and it will continue to play one as we head towards a renewable energy and net zero emission future,” she said.

“The Northern Territory is bucking the national trend in mineral exploration expenditure and setting records, driven by demand for our critical minerals.

“As the world transitions to renewable energy the demand for the Northern Territory’s resource will grow, we will be global leaders in the critical minerals supply chain — boosting our economy and creating thousands of jobs.”