Securing future jobs for NT’s minerals workforce will be the priority for the NT mining industry after the disappointing news that Kirkland Lake Gold is scaling back its operations.
A joint taskforce of industry, registered training organisations and government should be formed immediately to create pathways to employment across other sites and similar industries, including retraining to help Territory families stay here.
The NT Government can also assist by accelerating project approvals, opening up the project pipeline and creating new jobs.
The minerals sector makes a significant contribution to the NT economy with massive potential for growth.
With fewer than 10 operational sites, the sector already returns $4.9 billion to the economy, representing just under 19 per cent in Gross State Product.
And this sector will remain the cornerstone of the Territory’s economy for generations to come.
The NT’s exciting potential in more than a dozen highly prospective ore bodies – including emerging commodities such as rare earths, lithium, phosphate, titanium and vanadium as well as traditional ores like copper, manganese and gold – means significant future opportunities for mineral companies, the workforce and local communities.