Sibanye-Stillwater Invests $4.8M for Mount Lyell Mine Exploration Amid Legislative Changes
Sibanye-Stillwater has allocated $4.8 million for exploration at the Mount Lyell copper mine, aiming for a production restart. The state government is facilitating this with a $25 million assistance package and plans to repeal restrictive legislation, enhancing investment prospects.
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Sibanye-Stillwater has committed $4.8 million for a mineral exploration program at the Mount Lyell copper mine, which has been inactive since 2014. The company aims for a final investment decision following a feasibility study completed in late 2025.
The Tasmanian government is backing this initiative with a $25 million assistance package and plans to repeal the Mt Lyell Acid Drainage Reduction Act 2003 to attract investment. Concurrently, MMG Limited is developing a new portal at the Rosebery Mine, expected to generate dozens of jobs and further investment through underground exploration. These developments signify a potential economic boost for the region and could revitalize local employment.
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