Moina was the site of a brief gold rush in the late nineteenth century and then one of the largest wolfram and bismuth mines in Tasmania.

It has been the centre of continued mineral exploration in the Middlesex district since the first discoveries of tin and tungsten ores on Dolcoath Hill in the 1890s.

During periods of intermittent production between 1893 and 1957, an estimated 525t Sn, 255t W03 and 71t Bi have been recovered from the underground and surface workings at this mine.

[6] Lake Gairdner is located just north west of Moina, part of the Mersey-Forth Hydro electric Scheme.

The power station was commissioned in 1971 and houses a single Fuji Francis turbine coupled to a Siemens generator.