Mining exploration encouraged as Beaconsfield gold mine revived

The reopening of Beaconsfield Gold Mine has paved the way for a potential 11 new mining projects in Tasmania, as the State Government offers up almost $500,000 in funding.

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THE State Government is encouraging new mining exploration opportunities as it welcomes upcoming activity at the Beaconsfield Mine site.

Resources Minister Guy Barnett said the government was encouraging new exploration opportunities as part of round four of the Exploration Drilling Grant Initiative.

He said it would support 11 new projects that could collectively receive more than $427,000 in funding.

Mr Barnett said mining and minerals processing employed more than 5600 and contributed more than $2.1 billion a year to the state economy.

“The sector also contributes significantly to the State’s regional economies, through rates, service provision and the supply chain,’’ he said.

“This contribution is set to grow with NQ Minerals recently finalising the sale and transfer of a mining lease for the Beaconsfield Mine site and infrastructure.

“This project has the potential to contribute up to 260 jobs and $80 million annual expenditure when in full operation, with many of those jobs and economy boost in the Tamar Valley and surrounds in the coming months.

“Beaconsfield was among the State’s most productive mines for many years and it is exciting to again see activity restarting at this iconic site.”