Business 40 | NT Independent
NT Business News – June 20

NT Business News – June 20

Latest highlights include a survey showing that the NT’s critical minerals are attracting investment, the NT Government continues to boost mining with $4 million in funding, and the NT’s population decreased for the December 2023 quarter. Also making resource news, a Helium exploration grant is awarded to Greenvale, plus more.

Tamboran says it can raise the $250m to begin gas production in Beetaloo

Tamboran says it can raise the $250m to begin gas production in Beetaloo

Tamboran Resources is hoping to raise $262.5 million in an initial public offering on the New York Stock Exchange to continue its gas exploration interests in the Beetaloo Basin, with prospectus figures showing it has $29.5 million in cash cash equivalents but needs $85.5 million to operate for the rest of the year, however company director Andrew Robb said the capital required can be raised before it starts generating income in 2026.

Labor promise to ban gillnets if elected, despite failing to meet 2020 election promise on fishery review

Labor promise to ban gillnets if elected, despite failing to meet 2020 election promise on fishery review

Labor has promised to ban commercial barramundi fishing gillnets and buy back commercial licences if elected, before the release of the NT Fisheries’ review of the barramundi fishery that was promised by the party in the lead up to the last election, with the announcement also at odds with a 2021 government statement about developing a seafood processing facility.

Territory Day firework display’s sudden change of venue under scrutiny

Territory Day firework display’s sudden change of venue under scrutiny

The Lawler Government’s confusing decision to move the Territory Day public fireworks display from its home at Mindil Beach to the Darwin Waterfront this year is no closer to being explained, after it was revealed at Estimates that no complaints about the festivities were ever raised by traditional owners and that a permit through the Aboriginal Areas Protection Authority was never required.

Government gave taxpayer cash to Salties amid questions over the club’s solvency

Government gave taxpayer cash to Salties amid questions over the club’s solvency

The Lawler Labor Government secretly gave taxpayer money to keep the Darwin Salties basketball team afloat despite seemingly never seeing audited financial statements, claiming the details are commercial in confidence, while financial documents show the club lost more than $500,000 in its first two years of operation after receiving roughly $1 million combined from two Territory basketball organisations and the NT Government.

NT Business News – June 11

NT Business News – June 11

Latest highlights include a pioneering exploration permit secured by Top End Energy, a local Territory business awarded a $1.4 million construction project at Richardson Park, and Sitzler set to build the National Aboriginal Art Gallery in Alice Springs. Also making resource news, is Tivan being given exploration grants by the NT Government.

Alice Springs art gallery contract awarded, minister hides State Square and gallery costs, refuses to release business case

Alice Springs art gallery contract awarded, minister hides State Square and gallery costs, refuses to release business case

The Lawler Government has awarded the $154 million contract to build the Alice Spring’s national Aboriginal art gallery to Sitzler, at the same cost it first announced two years ago, which is at the low end of a 2019 cost range estimate, but the government will not say much Darwin’s Civic and State Square development will cost to complete, despite earlier pledging to reveal the cost.

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