Haulmax has been awarded a $3 million grant to help develop two new explosives units for the surface mining industry, with hopes that this could lead to 60-80 long-term jobs.
The ABC reports that the funds will assist in the design and build of two units, with the project 18 months in and prototypes being developed for an international company.
Managing director Kelly Elphinstone said the project is currently creating between 20 and 40 new positions at the north-west Tasmanian company.
"Obviously if we do a good job, the end goal is to secure a longer-term supply contract, which will hopefully eventuate in significantly more quantities of these units being produced out of Burnie on a yearly basis,” she told the ABC.
"If that does eventuate, we're probably looking at anywhere from 60 to 80 positions," she said, adding that the local supplier base would see significant benefits.
The grant was awarded under the Tasmanian Jobs and Growth programme, which grants totalling $91 million to be awarded between 2013/14 and 2016/17, administered by the Department of Infrastructure and Regional Development.
Haulmax specialises in long-distance haulage trucks for the mining industry.