Tamboran Resource’s long-serving CEO and managing director Joel Riddle has suddenly “stepped down” from his roles, the company said in a surprise announcement on Monday, with the chair of the board appointed interim CEO amid reported financial problems and other challenges facing the company.
Latest highlights include the NT Government setting up a new investment fund for businesses looking to invest in the NT, crime continuing to impede the NT’s property sector growth, ‘dark-sky’ experiences being pitched to shore up slumping tourism, and the Federal Government renews major project status for AAPowerLink.
The Finocchiaro CLP Government has launched its first NT Investment Summit in Darwin, bringing to town over 100 business leaders, investors, and key stakeholders from numerous countries and industries, but has not disclosed the cost to taxpayers of the summit or details about what is being discussed.
The CLP Government has committed to “fast-tracking” the majority of recommendations from the Approvals Fast Track Taskforce report to cut red tape and boost the economy, including extending food business registrations to three years, exempting “low-risk” electrical works from needing a certificate of compliance and extending responsible service of alcohol certificates from three to five years.
An Alice Springs-based solar provider has pleaded guilty to charges related to an altercation with an electrical safety inspector on September 28, 2023, that involved “intimidation”, NT WorkSafe said.
A tender has opened for upgrading Kubara and Maguk roads in Kakadu National Park, the first works in the promised $70 million in federal government spending on roads in the park announced in 2019.
The former operator of Royal Darwin Hospital’s hyperbaric chamber has sent a letter to the NT government seeking $53,000 in entitlements he says were not paid by Hyperbaric Health, the previous contractor, a company run by the husband of the current operator.
Construction of the Elysium Green apartment complex in The Gardens has been enabled after the Northern Territory Civil and Administrative Tribunal ruled in favour of the developer Kalhmera, the NT News has reported.
The Mines and Energy Department said Empire Energy’s gas well that was the subject of a legal briefing to the environment minister recommending prosecution or potential prosecution for breaches was built in compliance with regulations but the department won’t say exactly what was alleged to have occurred or how the situation went from legal advice to a minister to a finding that regulations were not breached.
A 150km section of the Tanami Road from Yuendumu to the west of Chilla Well has now been sealed at a cost of $197 million, the Finocchiaro Government has said.
A government briefing recommending potential prosecution against Empire Energy for breaching the company’s environmental management plan concerning a gas well in the Beetaloo Basin was suddenly dropped, the Environment Department’s chief executive has said, after an unnamed person in the Mining and Energy Department decided there was no breach of the Petroleum Act.
A trade delegation led by Asian Relations Minister Robyn Cahill will explore bilateral trade and investment opportunities in Malaysia, coinciding with the launch of AirAsia Malaysia’s new non-stop Kuala Lumpur-Darwin route on Friday.
