Close Menu
Invest Intellect
    Facebook X (Twitter) Instagram
    Invest Intellect
    Facebook X (Twitter) Instagram Pinterest
    • Home
    • Commodities
    • Cryptocurrency
    • Fintech
    • Investments
    • Precious Metal
    • Property
    • Stock Market
    Invest Intellect
    Home»Precious Metal»‘Expedited’ revival offer for billion-dollar gold mine
    Precious Metal

    ‘Expedited’ revival offer for billion-dollar gold mine

    August 27, 20243 Mins Read


    Senior Labor figures insist a $1 billion gold mining project can go ahead despite Tanya Plibersek rejecting part of the plans on Aboriginal cultural grounds.

    The federal environment minister issued an Indigenous heritage protection order over part of the McPhillamys Gold Project in central-west NSW after Wiradjuri traditional owners asked her to protect the headwaters and the springs of the Belubula River.

    Gold producer Regis Resources said it was “shattered” by the decision, which it said rendered the whole project unviable due to the time required to get approval for another location for a tailings dam that would serve as a key waste site.

    Company representatives were meeting with NSW Natural Resources Minister Courtney Houssos on Tuesday to try to plot a way forward for the mine, which is expected to deliver a royalties windfall for state coffers.

    Premier Chris Minns said there could be an “expedited” approval for any changes to existing plans that were cleared by state authorities in a bid to get the billion-dollar mine under way.

    NSW Premier Chris MinnsNSW Premier Chris Minns

    Chris Minns says the elected body for Indigenous leaders in the area has no issue with the mine. (Rick Rycroft/AAP PHOTOS)

    “It’s not necessarily just about this mine as well, we need billions of dollars worth of investment from mining companies for critical minerals across NSW,” he told Sydney radio 2GB.

    “Not just for gold, but a whole range of components for renewable energy are in the ground in NSW, potentially worth billions, and there’s tens of thousands of jobs there.”

    Mr Minns noted the Orange Local Aboriginal Land Council, the elected body for Indigenous leaders in the area, had no issue with the mine.

    The tailings dam was to be built on the headwaters and springs of the river, but Ms Plibersek’s decision was made to avoid any potential damage caused by its construction.

    Prime Minister Anthony Albanese insisted there was nothing to stop the mine being built, insisting the project was not dead in the water.

    “The gold mine can go ahead … Chris Minns would like it to go ahead, I’d like to go ahead too,” he said

    “The mine has not been opposed, what we’re talking about is a tailings dam, and the company itself put forward a range of options that were considered and they should work to ensure the project can go ahead.”

    Regis chief executive Jim Beyer previously said cancelling the project would kill 580 construction jobs and 280 full-time positions.

    Mr Minns said he hoped the parties could find an alternate solution for the tailings dam, although he stopped short of ensuring the mine would go ahead.

    “We are in discussions with the mine proponent and we’ve said very specifically that we don’t want them to start from the beginning, we don’t want them to go all the way back to 2019,” he said.



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    Gold Cup 2025 : Les compositions officielles de Honduras – Salvador

    Precious Metal

    Syndrome de Silver Russel: le combat d’une mère et de l’ex-recteur de l’UNIGE

    Precious Metal

    Silver prices surge in 2025: Up nearly 25% year-to-date

    Precious Metal

    Gold Cup | Le onze probable du Canada

    Precious Metal

    Silver Viper finalise l’acquisition du projet aurifère-cuivrique Cimarron

    Precious Metal

    Gold Cup | Jesse Marsch minimise la dernière procédure disciplinaire de la CONCACAF

    Precious Metal
    Leave A Reply Cancel Reply

    Top Picks
    Cryptocurrency

    Insights for Investors & Leaders

    Stock Market

    Stock market today: Dow, S&P 500, Nasdaq tank as inflation fears spark tech sell-off – Yahoo Finance

    Precious Metal

    Endeavour Silver shares rise as Terronera surpasses the 77% completion mark

    Editors Picks

    Transforming commodities, embedding sustainability in supply chains

    May 20, 2025

    Anthony Edwards Shared That Steph Curry Got Drug Tested After Huge Gold Medal Game

    August 20, 2024

    Gold prices are dropping again. Should you buy in now?

    April 7, 2025

    Agricultural innovation listed as key to France-Kenya cooperation

    April 10, 2025
    What's Hot

    Michael Saylor Presents ‘Digital Assets Framework’ To SEC Crypto Task Force – MicroStrategy (NASDAQ:MSTR)

    February 24, 2025

    Le secteur des paiements numériques en Afrique est prévue d’atteindre 1,5 billion de dollars d’ici 2030, selon un nouveau rapport.

    March 25, 2025

    Cannes Lions 2025 : « Jamais le client n’achètera ça…» – Laurent Allias de Josiane en Gold Film – Image

    June 20, 2025
    Our Picks

    Industry reaction to the latest HMRC UK property transactions report

    March 28, 2025

    Les avoirs en SPDR Gold restent inchangés, iShares Silver augmente

    April 16, 2025

    Les émissions de méthane liées à l’énergie toujours à des niveaux record

    May 7, 2025
    Weekly Top

    Syndrome de Silver Russel: le combat d’une mère et de l’ex-recteur de l’UNIGE

    June 21, 2025

    de possibles baisses de production dans le nucléaire dès lundi

    June 21, 2025

    ce Poitevin qui met le feu au festival metal de Clisson

    June 21, 2025
    Editor's Pick

    4 Dividend Stocks to Buy for Life

    October 21, 2024

    Levi & Korsinsky Notifies Shareholders of Iris Energy

    October 14, 2024

    Top Dividend Stocks To Consider In April 2025

    April 1, 2025
    © 2025 Invest Intellect
    • Contact us
    • Privacy Policy
    • Terms and Conditions

    Type above and press Enter to search. Press Esc to cancel.