Grange Resources Wins Approval for Tailings Dam Expansion

ABC News reported that Grange Resources Limited (ASX:GRR) has received approval from the Australian Federal Government to expand a dam at its Savage River iron ore mine in the Tarkine region of Tasmania. With the expansion, the life of the Savage River mine is expected to extend to 2030.

According to the publication:

The Managing Director, Wayne Bould, says the dam, which is capable of storing millions of cubic metres of rock waste, has satisfied environmental protection criteria. The dam is needed to stop acid leaching from the waste.

Click here to read the full ABC News article.