The following update is an excert from an article in The Age, journalist is Jason Dowling.
Surge of activity could see Victoria playing mine host
Victoria could soon boast a new commercial iron ore mine amid a surge of mining activity.
A combination of increased mineral prices and a supportive state government is driving a rejuvenated local mining sector with hot interest in exploration licences.
This week Eastern Iron advised the stock exchange it had moved into the environmental approvals phase for a commercial iron ore mine at Nowa Nowa, 30 kilometres from Lakes Entrance.
The proposed East Gippsland iron ore mine would be in the Tara State Forest, and would include a 25-hectare open pit.
The mine would have a span of about 10 years and produce about 1 million tonnes of iron ore a year to be exported from near Eden.
Eastern Iron’s managing director, Greg De Ross, said he did not believe there were environmental reasons to prevent the mine, and said the area had already been heavily logged.
”It is certainly not pristine wilderness,” he said. ”There are no show-stoppers from an environmental perspective.”
For a background on this proposal, check here.