New life on cards for Riley

VENTURE Minerals has started updating a 2012 feasibility study on its mothballed Riley iron ore mine in Tasmania to try and get the mine back into production and take advantage of the surging iron ore price.

New life on cards for Riley New life on cards for Riley New life on cards for Riley New life on cards for Riley New life on cards for Riley

If a decision is made to start mining again then operations are expected to be back running by 2019’s fourth quarter.

With the price of 62% iron ore up 40% since December and 30% higher than when Riley was shuttered, Venture thinks the time is right to bring Riley back to life.