We survived 2020 in better shape than most of our interstate compatriots and there should be optimism that things will continue to improve in 2021.
Whilst there is no doubt Government stimulus programs have brought renewed vigour to the business sector; the Defence projects underway and pending, off and on shore oil & gas activity and other construction projects are re-generating the business environment.
Recent package releases from Seafarms for their Project Sea Dragon provide a greater degree of confidence in the project, and whilst it is disappointing to see the discontinuation of processing at Gove and Jabiru, the dismantling and rehabilitation involved over the coming years will see opportunity.
The Government has committed to reducing red tape in the processing of mining approvals. In a sign to that end, KGL has had their Jervois mine management plan approved. Pending finance, it may be one of the first of a number of mines finally emerging from years of planning.
2020 finished with a burst of optimism following the release of the Territory Economic Reconstruction Commission report. There is no better time than 2021 to get the ball rolling.
Chief Executive Officer