Green light for Tarkine mine

A controversial open-cut mine in Tasmania's Tarkine region has been given the go ahead.

After almost two years of assessment, Federal Environment Minister Tony Burke has approved Shree Minerals' $20 million magnetite and hematite mine at Nelson Bay River near Temma, in Tasmania's north-west.

It is expected to employ 70 people.

Mr Burke says he is satisfied the mine can go ahead without any unacceptable impacts on endangered species such as the Tasmanian devil.

He has imposed 29 conditions on the mine's operations, including road use restrictions to minimise road kill.

Shree will have to report all road kill deaths and the Perth-based company will have to pay compensation if the tally exceeds predicted levels.

Opponents had promised protests rivalling the Franklin Dam blockade if the project went ahead.

Tasmania's Resources Minister is confident it can co-exist with Tasmanian devils.

Bryan Green says the need to protect the north-west stronghold of healthy devils was considered in the approvals process.

"The mining industry has co-existed with the environment for over a hundred years and I think the mining industry has a very good record with respect to making sure it understands the impacts it's having," he said.

"So I'm very positive about this project and I expect all Tasmanians will be as well."

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