Mining a “bright light” for economy

The Tasmanian Resources Minister says the mining sector is a bright light in the economy, and welcomed new developments at the official launch of a new venture in the state.

The Tasmanian Resources Minister says the mining sector is a bright light in the economy, and welcomed new developments at the official launch of a new venture in the state.

Bryan Green attended the Hellyer mine south of Burnie on Tasmania’s north-west coast and said the developments will provide positive change for the region.

“This project further demonstrates the rich mining potential of Tasmania’s West Coast,” he said.

“The region has been doing it tough in the wake of the global financial crisis but it is fighting back.

Perth-based company Bass Minerals has already spent $17 million developing the Fossey project, which will employ local workers and process 500 000 tonnes of ore per year to produce zinc and precious metal concentrates.

The $30 million project involves a new undergrounf mine and the refurbishment of the old Hellyer mine processing mill.

Green said the jobs are vital for the region and said the amounts of money being spent on exploration are bigger than ever before.

“This new venture is employing 115 people with most recruited locally. Some have moved here from interstate and I hope those remaining fly in – fly out workers will eventually relocate as well,” he said.

“There are positive signs for both mining and mineral exploration and the Government is working to ensure the momentum continues.”

Image: Tasmanian Government
 

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