Tasmania reiterates mining’s importance

As the five year anniversary of the Beaconsfield mining disaster passes, Tasmania has reconfirmed the importance of mining to the State.

Tasmanian minister for energy and resources Bryan Green said the “importance of mining and mineral processing industries to Tasmania should not be underestimated.

“The industry contributes more than 40% to the State’s gross export income,” Green said.

However “the value of the mining sector is not as widely appreciated in Tasmania as it should be.”
Speaking at the Tasmanian Minerals Conference in Launceston, he pointed to a growth in minerals exploration as a “bright light on the State’s economic horizon.”

According to Green there were a record number of exploration licences in the final quarter of 2010.

“Investment has returned to the high levels prior to the global financial crisis with our share of exploration expenditure almost doubling with six successive quarterly increases.”

He went on to say that outlook for Tasmania’s mining industry is positive, adding that the Government is strongly committed to supporting increased levels of exploration.

“The discovery of new mineral-bearing deposits is the lifeblood of the industry and crucial to sustaining it for the long term.”

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