Department of the Legislative Assembly, Northern Territory Government

Mr WARREN - 2008-02-14

Last year, you reported on the delegation you led to the annual China mining conference. Have there been any follow-up activities or results from that conference which will help attract further investment to the Northern Territory?

ANSWER

Madam Speaker, as a follow-on from the Minister for Tourism, China is an attraction for our mining industry also. As we know, China is a large investor and also a large marketplace for our mining industry.

Following on from my visit in 2006 to Beijing to the China Mining Congress, an intense amount of interest was shown. As a result of that interest, a China Minerals Investment Attraction Strategy was developed by my department in early 2007, and it was placed in the Bringing Forward Discoveries project. The strategy is designed to competitively position Northern Territory companies in the Chinese market. The aim is to assist mining and exploration companies develop business links with Chinese companies, and also to highlight the exploration opportunities that are available in this vast unexplored land of the Northern Territory. From that visit in November 2006, we had 12 visits from Chinese companies in 2007. Some of those companies visited a number of times, to the point where one company actually visited four times.

On my visit in November last year, we again promoted the Northern Territory exploration companies and opportunities and the high potential in the Northern Territory. We met with several large companies and attended several seminars. I am pleased to say that, in mid-January, Rizal Steel visited the Northern Territory and met with ERD Ltd, one of our exploration companies, and also met with our Mines Department and had extensive talks with them.

Also, this weekend, we have the Stone Group, which is a huge, diverse company in China. They are visiting this weekend and will be staying for approximately a week. They will be visiting the mining department and also talking to Matilda Resources, Brumby Resources and Emerson Resources. Later this month, CITIC Dameng is another company that will be visiting to talk to Brumby Resources. All in all, that is three, just over January and February. I can also announce that seven other companies have promised to come to the Territory early this year.

We are hoping that the links set up with Chinese companies by companies such as Bootu Creek, Compass Resources and Territory Resources will flow on to other exploration companies in the Northern Territory. The department has been extremely proactive in this area and letters have been sent to all of the exploration licence holders in the Northern Territory, asking them to provide project material, and also project sheets and information of what they are doing out on the land so that we can collate that and give that to the companies that are visiting the Northern Territory.

It is a fantastic initiative. I congratulate the mining department for facilitating all of this work, ensuring that the Northern Territory stays on the world mining radar.
Last updated: 09 Aug 2016