One of Tasmania’s biggest employers has warned that its $1.3 billion plan to expand the Savage River mine south is unviable at forecast iron ore prices.
Grange Resources, which contributes nearly half of the state’s mining tax revenue, has planned to transform its rapidly depleting open-pit operation to an underground mine on Tasmania’s western coast.
Mark Wembridge covers resource companies for The Australian Financial Review, based in Perth. He formerly worked for the Financial Times in London and Hong Kong. Connect with Mark on Twitter. Email Mark at mark.wembridge@nine.com.au
Peter Ker covers resource companies for The Australian Financial Review, based in Melbourne. Connect with Peter on Twitter. Email Peter at pker@afr.com
