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Minerals and mining stories

Mineral hunt heats up

The exploration for minerals in Tasmania is ramping up, with $6.6 million invested in the June quarter alone. Latest figures also show total investment in exploration for the 2017-18 financial year was $24.9 million, which is well up on the $14.3 million invested the previous year. Specialist consultant, and former federal Trade Minister, Andrew Robb told The Advocate: “Further new demand from China and other countries in our region can sustain such growth for several decades if we play our cards correctly.” Tasmania’s mining industry is currently experiencing a period of expansion, with a raft of potential mine re-openings. This includes the possible re-opening of the Mount Lyell copper mine at Queenstown; a move into underground mining at Savage River; re-opening of the Avebury nickel mine near Zeehan; and potential mine life extension at the MMG Rosebery mine.

12 September 2018, Edition 198

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