Mineral exports coming through the Burnie port are set to boom after the Riley mine in the North West Coast of the State comes online.

State Resources Minister, Bryan Green, said that Venture Minerals planned to ship more than a millions of iron ore from its new Riley Mine operations, west of Tullah.

"The Riley mine will inject around $40 million a year into the Tasmanian economy through jobs, transport, contractors and other services,” Mr Green said.

"Subject to final approval, the mine is expected to start mid year with 20 jobs during construction and 60 direct new jobs when it's operational.”

"Work is also set to begin soon on a multi million dollar upgrade of Burnie's port infrastructure following Government funding to help improve access and the logistics of the precinct.”

Mr Green said bulk exports from the Burnie port would increase to well over 1.5 million tonnes a year when the new mine at Riley Creek is operational.

Mr Green said that the mine is a shining example of the potential for the mining industry to develop the mineral-rich area of the State.

"The North-West and West Coasts have some of the most highly mineralised and prospective areas in the world and I am confident we will see more new mines in the region,” Mr Green said.

"The Government is absolutely committed to supporting further investment in exploration, mining and processing.

"I have recently approved a new mine to be developed by Shree Minerals near Balfour, and the Riley mine is one of three major projects Venture Minerals is developing in the North-West.”

Mr Green said that in addition to Riley, a mining lease had also been granted to Venture for its Livingston project, near Tullah, and it was finalising plans for its Mt Lindsay tin and tungsten mine nearby.