Northern Territory

Indian conglomerate Vimson Group has invested $10 million into Western Australia-based mining company TNG.

Mount Isa Mayor Joyce McCulloch believes the prohibitive costs of northern Australia’s ‘infrastructure trifecta’ of energy, transport and water requires revision to avoid turning away investment from the region.

Thor Mining’s proposed Molyhil tungsten mine in the Northern Territory could deliver $100 million of net value and $500 million in revenue over its seven-year mine life, according to a definitive feasibility study (DFS).

The Northern Territory Environment Protection Authority (NT EPA) has returned 30 recommendations after rigorously assessing Glencore’s overburden management project at the McArthur River mine in the Gulf of Carpentaria.

Lithium producer Core Exploration has signed a $US35 million ($47.3 million) prepayment and concentrate offtake agreement with Meidu Energy subsidiary, Shandong RuiFu Lithium.

Newmont Mining will form a joint venture with Nova Minerals at the Officer Hill gold project in the Tanami region, Northern Territory.

Lithium-focused aspirant Core Exploration has returned significant high-grade assay results from the Grants prospect at the Finniss lithium project near Darwin in the Northern Territory.

Newcrest Mining has extended its project generation alliance with Encounter Resources by 12 months.

Canadian uranium company Laramide Resources has made a deal with Rio Tinto to acquire the Murphy uranium tenements in the Northern Territory.

Optimism for job seekers in Australia’s mining industry has gradually increased for around two years now. The rising buoyancy has been reflected in research by recruitment agency Hays.

Following on from the acquisition of Surtech Systems and WellServ announced in May, georesources-focused Qteq has secured a contract for environmental logging in the Northern Territory.

Western Australia has been pushing for a Productivity Commission inquiry into the GST distribution system, which positions WA as the only state to receive less than 70 cents — and eventually 30 cents — per person per dollar of GST in distributions.

Newcrest Mining has signed a farm-in agreement with Prodigy Gold over the Euro gold project in the Tanami region of the Northern Territory.

Emmerson Resources has formed a strategic alliance with Territory Resources that will lead to the development of a processing hub to support small mines near Tennant Creek in the Northern Territory.

Evolution Mining and Emmerson Resources will move forward with the proposed restructure of their joint venture in the Northern Territory.

TNG has been granted environmental approval for the mine site at its Mount Peake vanadium-titanium-iron project, 230km from Alice Springs in the Northern Territory.

The Beetaloo Sub-basin in the Northern Territory has been selected as the third and final region to be assessed by the Geological and Bioregional Assessment Program, a decision made following the move to lift the territory’s moratorium on hydraulic fracturing.

Northern Territory Treasurer Nicole Manison has revealed state budget plans to introduce increased royalties on the mining industry, a situation the chief executive officer (CEO) of the Association of Mining and Exploration Companies (AMEC) has called “an absolute disaster for the Northern Territory economy”.

The Northern Territory has ended its ban on fracking. Chief Minister Michael Gunner today announced the NT Government had accepted all 135 recommendations of an independent fracking inquiry.

Andromeda Metals and Minotaur Exploration have announced they will form a joint venture for $5 million in exploration funding at Andromeda’s 100 per cent-owned Rover copper-gold project in Tennant Creek, Northern Territory.