Tag: Mining in Tasmania

The Hellyer gold mine near Beaconsfield in Tasmania has been revived by NQ Minerals, which is mining a waste tailings resource predicted to generate $706m over a 10-year mine life. The company ramped up to production late in 2018 after acquiring the mine and its assets in 2017, and is looking for the next big project. NORTHERN Queensland Minerals (NQ Minerals) will see out its inaugural year of production at its flagship, 100pc-owned Hellyer mine on a high note. The company acquired Hellyer gold mine, an 8mt reserve of high-grade tailings, in 2017, and after a relatively short ramp-up period, started production late in 2018 dredging the tailings for lead, zinc and precious metals concentrates. The project has a 10-year...

AFTER uncertainty in the sector in recent years, Tasmania’s mining industry is seeing something of a renaissance with new mines opening, an aggressive Mining for the Future policy that would make illegal protesting an indictable offence, and greenfields exploration seeking out the next big find. The industry has the backing of the Hodgman Liberal Government, which is promising to provide stability and certainty, and to assist miners moving forward. Mr Barnett said that the Liberal Government was determined that there would be no more land-lockups, likening the current movement to the anti-forestry movement. “More than half of Tasmania is already in reserves,” he said. “And yet the Greens call for more.” The resources industry employs about 5600 people in Tasmania,...

Grange Resources’ historic Savage River magnetite mine. Image: Tasmanian Minerals and Energy Council.   BY ELIZABETH FABRI   LEFT behind during the mining boom while other State’s prospered, Tasmania is on its way back with a string of mine reopenings signalling renewed confidence for the sector.   After battling tough, the Tasmanian mining sector is making a return. Unlike its mainland counterparts, Tasmania was hurt by a resources boom side-effect; the strong Australian dollar. With an economy heavily reliant on trade exposed industries, Tasmania felt the sting when the Australian dollar surpassed the US dollar in 2010/2011, and then when commodity prices tumbled. “The high Australian dollar (we all remember when it hit $1.10 U.S) was a drag on all...