Economy
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Nhulunbuy is a purpose built town developed by the former owner of Alcan Gove (Nabalco), a huge bauxite mine and alumina refinery 15 kilometres away. The town is built on a Special Purpose Lease on Aboriginal land and is now the largest town in East Arnhem Land, the fourth largest town in the Northern Territory and the administrative centre for the region.
The economy of the Gove Peninsula is centred on the Alcan Gove Mine and Refinery which is located of leasehold land within the boundaries of Aboriginal freehold land.
The Commonwealth Government carried out mineral explorations in the 1950s and was successful in discovering a bauxite deposit that covered 65 km2 and contained an estimated 250 million tonnes. After initial resistance by the government to mine, in 1964 Nabalco, the former owner of the mine and refinery, was set up and granted a lease with a commitment build a township, port facility and mine. The construction of the mine lead to the Gove land rights case which initially resulted in ruling in favour of the mineral company.
Read more about this topic: Gove Peninsula
Famous quotes containing the word economy:
“Quidquid luce fuit tenebris agit: but also the other way around. What we experience in dreams, so long as we experience it frequently, is in the end just as much a part of the total economy of our soul as anything we “really” experience: because of it we are richer or poorer, are sensitive to one need more or less, and are eventually guided a little by our dream-habits in broad daylight and even in the most cheerful moments occupying our waking spirit.”
—Friedrich Nietzsche (1844–1900)
“Everyone is always in favour of general economy and particular expenditure.”
—Anthony, Sir Eden (1897–1977)
“It enhances our sense of the grand security and serenity of nature to observe the still undisturbed economy and content of the fishes of this century, their happiness a regular fruit of the summer.”
—Henry David Thoreau (1817–1862)