Tag: Northern Territory mining

All images: Newmont.   BY ELIZABETH FABRI   FRESH from completing a $US120 million expansion at its Tanami operation, Newmont is spending big on a new power project that will see Tanami shift to natural gas from a current reliance on diesel fuel.   Newmont has a lot to be proud of at its Tanami gold mine in the Northern Territory. Since 2012, Tanami has more than doubled gold production and cut costs by two thirds. In August, the miner completed a mine expansion to increase production by 80,000 ounces per year, lower all-in sustaining costs to between $US700/oz and $US750/oz, and add a further three years to mine life. Newmont’s Australia production was now expected to reach between 1.5...

Image: Department of Primary Industry and Resources, Northern Territory Government. By Elizabeth Fabri FAMED for its red earth and desert landscapes, the Northern Territory is arguably Australia’s most ‘under-explored’ mining region with only a handful of major mines operating across the 1,346,200sqkm expanse. But with government backing and major projects in the pipeline, things are looking up for the country’s top end. The Northern Territory, also known as the ‘Red Centre’, contains a wealth of minerals, including Australia’s largest deposits of uranium, zinc-lead, bauxite, gold, phosphate and manganese. In 2015/16 the territory produced $3.05 billion worth of minerals, of which gold accounted for 29 per cent and manganese 27 per cent of the total value. Employment was on the rise, with...