nickel mine gets ready to rock

http://www.abc.net.au/news/2011-07-22/20110721-nickel-mine-gets-ready-to-rock/2806032

Video to watch is within the link above.


Nickel mine gets ready to rock
Posted July 22, 2011 10:09:36


Video: Tasmanian nickel mine on track (7pm TV News Tasmania) A new nickel mine in Tasmania's north-east is expected to employ 100 people when it starts production in 2013.

The Sydney-based mining company Proto Resources is investing $50 million in the Barnes Hill project near Beaconsfield.

Proto Resources Chairman, Andrew Mortimer, estimates the site contains 120,000 tonnes of nickel.

"[It] is quite substantial considering the nickel price is $US24,000 a tonne approximately at the moment but it's all down to what you can extract it for and process it for obviously."

"W expect the project finance to fall into place over the next few weeks," he said.

"The first bankable feasibility study will be out over the next month or so and the development proposal will go to the West Tamar Council over the next month or so as well."

The open cut mine has been granted a lease but is still subject to development and environmental approvals