Sibanye-Stillwater's decision to approve the restart of the Mt Lyell copper mine is a generational win for Queenstown, the West Coast and Tasmania.
Minister for Business, Industry and Resources, Felix Ellis, said the restart would deliver an initial 23-year mine life, more than $490 million in investment and up to 300 jobs.
"This is an incredibly exciting day for the people of Queenstown and the West Coast, who have backed Mt Lyell and maintained their belief in its future," Minister Ellis said.
"After more than a decade in care and maintenance, today's decision provides a clear path towards returning this iconic mine to production.
"The restart will bring new investment, well paid jobs and long-term economic confidence to the region.
"Reopening Mt Lyell also represents the best pathway to improve the long-term environmental outcomes for the region.
"I congratulate Sibanye-Stillwater, its employees and everyone who has worked towards this decision."
The Tasmanian Government has worked closely with Sibanye-Stillwater to help make this restart possible.
"As part of our 2030 Strong Plan for Tasmania's Future, our Government has steadfastly supported the mine's reopening," Minister Ellis said.
"We have delivered a $9.5 million package to undertake works necessary to support the re-opening of the mine.
"We have also worked with the company on the legislative and regulatory framework for the mine, power supply, workforce housing and other practical requirements needed to support a successful restart.
"Our Government has reconfirmed its commitment to $25 million in funding support for the restart, to be delivered through the reimbursement of payroll tax and mining royalties once mining operations recommence."
