ABC News reports that a proposal by Venture Minerals (ASX:VMS) to build an iron ore mine in Tasmania’s Tarkine region has cleared an environmental hurdle.

As quoted in the market news:

Venture is expected to ship more than a million tonnes of iron ore through the Burnie port from the mine, tripling bulk mineral exports from the north-west.

The Riley mine is one of two smaller projects the company wants to build to help finance its flagship Mount Lindsay tin and tungsten project.

Click here to read the full news story by ABC News