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Monday, February 20, 2006

Rosebery Exploration Welcomed - Bryan Green, MHA - Tasmanian Government Media Releases

Rosebery Exploration Welcomed - Bryan Green, MHA - Tasmanian Government Media Releases

Resources Minister Bryan Green has welcomed plans by Zinifex to increase its exploration program around the Rosebery zinc mine.

“The $6.5 million Zinifex has committed to spend exploring near and north of its present mine adds to a flurry of activity in Tasmania, particularly on the West Coast.

“It’s true that improved metal prices have encouraged the increased levels of exploration.

“But the Government can also claim some credit for the resurgence through a sustained effort to highlight the State’s mining potential.

“We have provided competitive geo scientific information to the industry, promoted Tasmania’s prospectivity interstate and overseas, working with the Tasmanian Minerals Council and created the Centre of excellence in Ore Deposits at the University of Tasmania.”

“The value of mineral exploration in Tasmania has increased more than five fold in two years.”

Mr Green said Mineral Resources Tasmania data show exploration expenditure in Tasmania has gone from $5 million in 2002-2003 to $25.8 million in 2004-2005.

“That’s the second highest level of expenditure in over 15 years.

“The example offered by Zinifex can only help the mood of confidence on the West Coast, where Allegiance mine is preparing to start operating and Bluestone is planning to re-open the Renison mine as well as considering an operation at Mt Bishcoff.

“New exploration is important to maintain the mining sector’s contribution to the State and particularly regional economies.

“Mining contributes 40 per cent of Tasmania’s export income so the importance of finding new mines and extending the lives of existing ones can’t be overstated.”



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