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Minerals and mining stories

Mining exports surge

Tasmania’s mining sector continues to show strong growth with more than $2 billion worth of exports sold overseas in the year to April 2018. This represents a 40 per cent increase on the previous year according to State Resources Minister Guy Barnett, who said it equates to additional “jobs and opportunities for Tasmanians, particularly in our regional areas". The mining and mineral processing industry accounts for more than 50 per cent of the state’s total exports and the latest data builds on other good news for the sector. This includes Grange Resources’ Savage River operation which recently added 54 new jobs and is investing $10 million to examine further underground developments. Approvals have also been granted for a new $100 million iron ore mine at Rogetta, south of Burnie, which is expected to deliver 100 permanent jobs. Latest ABS figures also show spending on mineral exploration for the 2018 March quarter was up by 76 per cent compared to March 2017. This prompted Minister Barnett to add: “This is why the government has committed $2 million in the 2018 -19 budget to an exploration grants program to promote new drilling to underpin the future of the mining industry.”

10 July 2018, Edition 196

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