Business 25 | NT Independent
Golden snapper numbers critically low: report

Golden snapper numbers critically low: report

Golden snapper around Darwin remain overfished, with around one fifth of their original population left, and with fishing mortality rates estimated to be more than double the rate considered sustainable, which will prevent stocks from recovering, the Golden Snapper Stock Assessment report says.

Empire given environmental approval to frack gas in the Beetaloo

Empire given environmental approval to frack gas in the Beetaloo

Empire Energy’s pilot project to frack gas in the Beetaloo Basin has been given environmental approval, the company has said, while an environmental group estimated the approval would allow the company to use 410 million litres of water, the equivalent of 164 Olympic swimming pools and produce 72 pools worth of fracking wastewater over the life of the project.

NT Government’s Middle Arm business case rejected by Infrastructure Australia: FOI docs

NT Government’s Middle Arm business case rejected by Infrastructure Australia: FOI docs

Infrastructure Australia rejected the Northern Territory Government’s business case for the proposed Middle Arm industrial precinct, documents obtained under Freedom of Information laws show, while the NT Environmental Protection Agency has extended its deadline by two years for the government to submit an environment impact statement, pushing the project start date back to at least 2026.

‘It’s a joke’: $10m amphibious airplane project grounded, Chief Minister says

‘It’s a joke’: $10m amphibious airplane project grounded, Chief Minister says

Millions of Territory taxpayer dollars have been wasted on the proposal to manufacture amphibious aircraft in the Northern Territory, with the Chief Minister announcing the project is currently in limbo as the government attempts to claw back millions from Amphibious Aerospace Industries, which is allegedly only operating out of the United States currently.

NT Business News – November 12

NT Business News – November 12

The latest business highlights include a new investment boost to enhance mining prospects of Tennant Creek, and Dollars and Sense opening their fifth NT discount store. Also making resource news is Kingsland to define an indicated resource for Leliyn in the NT, CLP approves revival of Pine Creek gold mine, and Bubalus set to secure land access for Nolans East.

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