CONSTRUCTION on Tasmania’s newest mining development is set to commence early next year after the state government last week approved project plans submitted by HardRock Coal Mining (HRCM).

The mine site, situated in North East Tasmania’s Fingal Valley, is expected to produce one million tonnes of coal per annum by 2015 and provide employment for over 100 employees.

The government’s decision comes on the back of existing approvals from the Environmental Protection Authority of Tasmania and the Break O’Day Council, given in August 2012 and September 2012 respectively.

“We are very excited about the prospect of this project for the North East of Tasmania,” managing director and CEO of HRCM Craig Astill said.

“Everything points to a successful venture environmentally, socially and economically.”

Energy and resources minister Bryan Green said the new mine would provide a valuable contribution to the state’s economic outlook.

“When fully operational the new mine will provide economic benefits worth almost $180 million a year to the Tasmanian economy, no including the prospective $6 million in annual royalties,” Mr Green said.

“The new mine will eventually see a 40% increase in rail traffic and exports through the Bell Bay port will grow by almost 30%.

“This will translate into a significant number of further new jobs in services, transport and maintenance.”

HRCM have said the Bord-and-Pillar project matches standards of other local mining operations and has been met with a wave of local consent.