Today’s second report from the Territory Economic Reconstruction Commission (TERC) confirms the NT needs to be hungry for new investment to make the most of the minerals sector’s potential to support growth, jobs and economic development.
The Territory’s world class minerals sector will be crucial to the jobs and investment our communities need to recover and thrive after the COVID-19 pandemic.
The adoption of the TERC recommendations will go far in realising the immense benefits provided by the current minerals development pipeline of 17 projects and more than $6 billion in investment.
MCA NT is encouraged by the opportunities presented by the government’s adoption of this report.
In particular, the government’s plans to urgently stand up a Territory Minerals Development Taskforce to accelerate mining development, promote partnered and targeted exploration activity, develop a suitably skilled and ready workforce and produce a land access guide to outline rights and obligations in a respectful manner are consistent with MCA NT’s long-term advocacy.
The NT minerals industry will work with the community and government to grow the sector on behalf of all Territorians to help reap the many benefits of widespread rural and regional economic development.
The government’s clear sense of urgency in implementing the recommendations in this report is great news for the minerals industry and the regional communities in which our companies operate.