Business 2 | NT Independent
NT Business News – June 26

NT Business News – June 26

The week’s business highlights include Tivan partnering with Aboriginal Investment NT for the Molyhil Tungsten Project, AT-PAC expanding its network with a new branch in Darwin, and the NT Government’s eConveyancing platform streamlining land transactions, plus more.

Govt unveils climate change plan centred on more gas, carbon capture and storage

Govt unveils climate change plan centred on more gas, carbon capture and storage

The Finnochiaro Government has released a “climate resilience plan” aiming to position the Territory as a major global player in carbon capture and storage, with Environment Minister Josh Burgoyne stating the plan builds on efforts to promote the NT’s role in the power transition and reducing greenhouse gas emissions, despite the government scrapping its renewable energy target and emissions reduction pledge.

Negotiations between Inpex, striking workers to resume after Fair Work Commission rejects company’s request

Negotiations between Inpex, striking workers to resume after Fair Work Commission rejects company’s request

Inpex’s legal move to stop strike action at its Darwin facility after unions rejected the company’s latest pay hike proposal, arguing any work stoppage would damage the nation’s economy, has been rejected by the Fair Work Commission, with the union stating protected industrial action will continue until the dispute is resolved.

Chief Minister rules out referring $850m ship lift cost blowout for independent investigation

Chief Minister rules out referring $850m ship lift cost blowout for independent investigation

Chief Minister Lia Finocchiaro on Monday ruled out referring the now $850 million Labor-led ship lift project for a proper investigation, after a parliamentary inquiry late last year found the deal to build the facility for the Paspaley Group lacked transparency, any trace of public accountability and was carried out with questionable public benefit involving multiple unexplained contract variations.

Arafura Rare Earths mine given ‘significant project’ status by NT Government

Arafura Rare Earths mine given ‘significant project’ status by NT Government

The $1.6 billion Arafura Rare Earths Nolans Project north of Alice Springs has been declared the Northern Territory’s first “significant project” under the Territory Coordinator Act, that the Chief Minister says will see the project given “the full attention of the government” to assist it move through “all of the risk processes and systems”, which follows last week’s final investment decision.

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