Tag: Savage River mine

Grange Resources: New Horizons BY AMY BLOM HAVING wrapped up a successful year that saw a number of milestones including the celebration of 50 years since operations began at Savage River in Tasmania and record pellet premiums, Grange Resources' sights were now set on increased production and extending mine life. This is the year that could decide the future of the Savage River mine, according to Grange Resources general manager of operations Ben Maynard. The Savage River magnetite iron ore mine in Tasmania’s northwest, is a long-life mining asset, and is Grange’s principal operation. At Port Latta, on the northwest coast of Tasmania, Grange owns a downstream pellet plant and port facility producing more than 2 million tonnes of premium quality...

Image: Grange Resources.     BY CAMERON DRUMMOND   GROWTH projects are underway across many of Tasmania’s larger operations, but greenfields exploration has remained stagnant. Now, the State Growth Department is investing $2m over four years in a drilling grant initiative, a move it hopes will help encourage a new minerals exploration boom.   Tasmania's mining industry is starting to rebound, with several potential projects now in the pipeline. Mining is the Island State’s largest export industry, accounting for more than 50 per cent of earnings, or nearly $2 billion in the 2017 financial year. Tasmania’s three large operating mines include Rosebery (zinc, lead, gold, copper and silver), Savage River (magnetite, which is converted into iron ore pellets at Port...