Australian news, and some related international items

Uranium mining company fights on, – environment is irrelevant?

Miner prepares to fight Arkaroola ban, Adelaide Now, Business Reporter Russell Emmerson, August 10, 2011, MARATHON Resources is preparing for a fight over the Arkaroola Wilderness Sanctuary.The company said yesterday it had retained two top commercial law firms and senior counsel in South Australia and interstate to advise Marathon on its options relating to its Mt Gee uranium tenement and the loss of its right to explore and mine in the Sanctuary.

Premier Mike Rann late last month banned mining in Arkaroola despite Marathon holding an exploration licence for what it believes is Australia’s fifth-largest undeveloped uranium reserve.

Marathon Resources chairman Peter Williams yesterday said the company would decide its next move after seeking the advice…..

 While the State Government may not have a legal obligation to compensate Marathon for its expenditure, it is likely to offer an “ex gratia” payment for political purposes.

It paid the three bidders for the State Government’s cancelled $557 million prisons project at Mobilong $3.5 million each in “good faith” to avoid being seen as a political risk and is likely to do more here to protect the state’s “pro-mining” reputation…

August 11, 2011 - Posted by | politics, South Australia, uranium |

No comments yet.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: