High energy costs affecting miners in Tasmania

News posted on 28.11.2013 on Research & developement

The latest Tasmanian Minerals Council's report has seen industry leader Wayne Bould claim that the days of economical power prices in Tasmania are gone. The Advocate (26/11/13) reported Mr Bould as saying that: "although energy should be a vital enabler to make the economy shine...at present, it is a lead weight upon us."

"We will endeavour in the coming year to have reason descend upon energy provision, or we will price ourselves out of the markets and out of Tasmania."

The mining sector is the state's largest exporter and during 2012 - 2013 developments included the opening of Shree Minerals' iron ore mine at Circular Head along with Venture Minerals getting close to mining iron ore near Tullah. Both have seen opposition from environmental groups throughout 2012 - 2013.

In other national mining news, The Age (28/11/13) has reported on the recent BREE Report's findings that increasing costs of conducting mining operations alongside falling commodity prices have led to many projects being stalled or shelved with investment in the sector appearing to have peaked.

Save energy and avoid rising power costs by insulating your home. Knauf Insulation's Super Soft Earthwool® is perfect for thermally upgrading homes with products tailored to roof and ceiling insulationwall insulation andunderfloor insulation.