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Green light for mine joint operation plan
Posted 4 hours 46 minutes ago
* Map: Young 2594
A proposed $700 million nickel and cobalt mine near Young has moved a step closer, with approval of the proposed joint operation.
The Melbourne-based company Jervois Mining is in partnership with two Chinese companies to build and operate the mine.
It has received $1 million from its partners to start developing the site.
Earlier this year, the three signed a frame agreement to develop the project and the Foreign Investment Review Board has now approved the joint operation.
Jervois Mining has also signed a lease for an office and houses in Young.
Once operational the mine is expected to create hundreds of new jobs.
Tags: mining, wagga-wagga-2650, young-2594
abc news
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