Mineral Development Taskforce Final Report

Abstract

The Mineral Development Taskforce has been established to accelerate mining development in the Territory through private investment. The taskforce has submitted its final report to the Minister for Mining and Industry and the report is currently under government consideration. The 'Mineral Development Taskforce Final Report' focuses on three areas considered necessary, to drive the sustainable development of the Territory's mineral resources sector and to realise its enormous economic potential. Section 1 analyses the enabling environment for mining projects from the perspective of project proponents. It considers what the private sector has identified to be key project risks and potential government actions that could open up greater opportunities for mining activity. Section 2 considers options to accelerate project investment decisions through the lens of an investor, Royalties is one consideration, as is a more targeted role for governments in project financing and funding. Section 3 analyses downstream value-add opportunities. It notes that while production costs in the Territory are generally at the higher end of the scale, there are broader strategic, economic, social, supply chain security and national interest considerations that could justify a case for government intervention to facilitate downstream value-add opportunities.