Northern Territory’s bauxite sales figure stands at $452 million during 2016-2017
According to the NT Mining Production summary, the Northern Territory registered its highest ever minerals sales worth $3.63 billion during the 2016-17 period. Minister for Primary Industry and Resources, Ken Vowles, said “So it is encouraging to see a 19 per cent increase in mining production sales on the last financial year.”
The Northern Territory produced 98, 58,279 tonnes and sold 97, 07,372 tonnes of bauxite during the 2016-2017. The value of bauxite stood at $452 million.
During 2016-2017, metallic minerals including bauxite, manganese and gold dore were valued at $3.3 billion. The Northern Territory is endowed with a wide range of mineral commodities including bauxite, manganese and zinc-lead.
Ken Vowles, said: “Of particular note is the value of manganese produced, which rose 79 per cent on the previous year to $1.48 billion, and the value of combined zinc-lead concentrate, which increased 29 per cent on the previous year, to $650 million.
“The resources sector is responsible for around 4800 jobs in the Territory, and this government is supporting the sustainable development of the mining industry, as it is a cornerstone of the Territory economy.”
“We are providing potential investors with geoscientific data and information, and simplifying and streamlining application processes.”
Bauxite prices in Henan and Shanxi are rising slowly but steadily through August and September
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