West coast jobs windfall

The Riley iron ore mine is to kick into life on Tasmania's West Coast, generating between 80 and 100 new jobs.

Venture Minerals has made the announcement after a positive feasibility study and the securing of a partner to take 100% of the ore for the first two years.

It has found a $3.6 million capital expenditure would produce around $31 million of after tax revenue.

Venture started mining at the site in 2014, but low ore prices saw it suspended after just a few months.