Australian news, and some related international items

South Australian Government grants lease to (weapons connected) Four Mile uranium mining project

Four Mile uranium mine gets lease Adelaide Now, by: Julian Swallow  April 27, 2012 ALLIANCE Resources and its joint venture partner Quasar Resources have been granted a 10-year mineral lease over their Four Mile project, ending months of negotiations. Mineral Resources minister Tom Koutsantonis said on Friday that South Australia was a step closer to its next major uranium mining development. However, no timetable or funding commitment has as yet been made by the venture partners, who remain locked in a legal dispute……
The minister said that the mineral lease in the state’s far north
allowed the venture partners to develop a mining and rehabilitation
program for the Four Mile project…..

Environmental disturbance would be minimised, he said, by processing
the resource at the nearby Beverley uranium mine which is owned by
Quasar’s affiliate, Heathgate Resources.

The Four Mile project has been beset by legal disputes between
Alliance, which has a 25 per cent stake through its  wholly-owned
subsidiary, Alliance Craton Explorer, and  Quasar.

In March Alliance Resources expressed disappointment when the Federal
Court denied it the access it sought to documents held by Quasar.

It wanted to see books, records and agreements relating to the Four
Mile venture.

In the middle of February the venture partners settled their legal
dispute over a native-title mining agreement covering Four  Mile.

The dispute was about whether Quasar had the right to enter into a
native title agreement for the project that would be binding on
Alliance Resources…..

April 28, 2012 - Posted by | politics, South Australia, uranium |

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