To drive the Northern Territory’s resources sector and unlock a strong pipeline of projects, the NT Government established the Mineral Development Taskforce to investigate and identify strategies to activate and secure ongoing private investment.
The Taskforce, which comprises government, industry and private sector experts, was tasked with reporting findings back to the NT Government on three key themes - increasing the Territory's global competitiveness; accelerating project investment; and harnessing sustainable downstream opportunities.
The Taskforce's final report outlines a series of recommendations and actions to increase and enhance the competitiveness of the Territory as an investment destination, and to position the NT to achieve its $40 billion economy by 2030.
These include:
- introducing targeted initiatives to encourage increased exploration and mining activity
- securing co-ordinated, transparent and efficient land access processes that respect land-owners and recognise co-existing uses
- targeted regulations focussed on outcomes to deliver improved project economics
- updating the Territory’s royalties regime to make it more competitive and not a deterrent to investment
- capitalising on economically sustainable downstream mineral value-add opportunities.
Government will now engage with stakeholders and industry to obtain feedback on the approach to key recommendations and proposed specific actions in the report.
To download the final report and find information on stakeholder engagement, visit the Mineral Development Taskforce.