Demand for electric vehicles offers hope for mothballed Tasmanian nickel mine

  • 📰 abcnews
  • ⏱ Reading Time:
  • 75 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 33%
  • Publisher: 83%

Car Car Headlines News

Car Car Latest News,Car Car Headlines

The booming EV industry may give a West Coast Tasmanian mine a lifeline after languishing in care and maintenance mode for 13 years.

abc.net.au/news/avebury-nickel-mine-west-coast-tasmania-zeehan/101702622A traditionally "spiky" commodity could be Tasmania's ticket into a booming industry, according to the general manager of the state's first and only nickel mine.

Earlier this year it was announced the mine had been bought by Mallee Resources on the back of yet another spike in nickel prices."Prices used to bounce around the US$12,000–$15,000 a tonne mark. Now I think you'll see US$20,000–23,000 a tonne mark.John Lamb, managing director for Mallee Resources Limited.Various market researchers have estimated EVs will make up between a third and two-thirds of global sales by 2030.

A worker washes down the conveyor belt to prepare for the next load of ore to come through the processing facility.Meanwhile, the mine's restart has brought a fresh wave of hope to the West Coast community — alongside a healthy dose of caution for lifelong Zeehan resident Dale Culson. The company bought the mine in 2017 for $25 million, promising much of what Mallee Resources is in the process of carrying out — 200 jobs, local employment, 50,000 tonnes a year in production.However, the restart never came. The company later ran into financial troubles, went into receivership in 2021, and the mine was snapped up by its current owner."It's great to see it happening again; we've been waiting for it a while," he said.

When asked about restarting a mine among growing opposition from environmental groups, Mr Lamb was quick to point out an apparent lack of communication between industry and its naysayers."Opposing green groups need to realise … modern society can't exist without mining and minerals.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

The hypocrisy of the abcnews nothing climatechange positive in a mine

unironically awesome thanks abc

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 5. in CAR

Car Car Latest News, Car Car Headlines