Rex Minerals is pleased its $850 million planned open-cut copper mine near Ardrossan in South Australia has won State Government approval.Rex says the Hillside project on Yorke Peninsula is among the nation’s biggest known open-pit copper reserves.

The company says it will now consider the terms of mining leases offered by the SA Government.

SA Mineral Resources Minister Tom Koutsantonis thinks the balance has been struck between environmental concerns and creating jobs for the mining sector. He says the State Government expects to get about $30 million annually from royalties.

Yorke Peninsula mayor Ray Agnew says the latest approval offers the prospect of more jobs for the region and possible work for some people losing their current employment in Adelaide.

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