The Tasmanian Government has approved the development of a new iron ore mine which is set to create 200 jobs.
Minister for Resources, Paul Harris, announced he had issued a mining lease to Forward Mining for its proposed magnetite iron ore mine at Rogetta.
The planned open cut mine will produce at a rate of 1 million tonnes per annum with a proposed life of seven years.
Associated infrastructure will include a tailings storage dam, waste rock dump and a processing plant
It’s hoped Forward Mining can start construction next year with operations commencing in early 2017.
Up to 200 direct jobs are expected to be created during construction and 100 through the life of the project.
Harriss said the mine will greatly increase the amount of iron ore Tasmania produces.
“To give some context to how significant this project is, it would increase Tasmania's net commodity export volume of iron ore from around 2.8 million tonne to 3.8 million tonne,” Harriss said.
“This is a vote of confidence in Tasmania's mining industry and shows that mining companies continue to want to invest in our state.”