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

    Boxe : Geram Eloyan bat l’invaincu Jordan Camacho et retrouve le titre EBU Silver des super-coqs

    Precious Metal

    Bitcoin Critic Peter Schiff Explains Why Central Banks Will Choose Gold over BTC

    Precious Metal

    BOURGES. Des gameurs seniors vaillants aux manettes au Silver Geek

    Precious Metal

    Cette compagnie aérienne fait faillite et annule tous les vols à l’aéroport, laissant les voyageurs sans solution

    Precious Metal

    L’actionnaire de Shenyang Cuihua Gold and Silver Jewelry prévoit de céder jusqu’à 3 % de sa participation

    Precious Metal

    Getchell Gold va lever 3 millions de dollars grâce à un financement et à une option de conversion de débentures

    Precious Metal
    Leave A Reply Cancel Reply

    Top Picks
    Cryptocurrency

    Democrats push back ahead of Senate vote on cryptocurrency bill

    Precious Metal

    Expert Predicts Bitcoin Dominance As Scientists Create Lab-Grown Gold

    Precious Metal

    Good news for gold buyers – News Today

    Editors Picks

    Bitcoin Miner Capitulation Comes To An End; Time To Buy BTC?

    July 28, 2024

    India’s Real Estate Sector Burdened By 4.4 Million Inheritance Disputes, Freezing $200 Billion In Assets

    October 30, 2024

    Energy company shut down after years of violations – BizWest

    August 19, 2024

    Gold prices muted; copper weakens as China stimulus underwhelms By Investing.com

    October 14, 2024
    What's Hot

    Nigerian fintech, Woven Finance, reveals what caused shutdown miscommunication in January as it begins a brand refresh

    October 22, 2024

    Supreme Court Refuses to Hear “Passive” Park Public Use Property Rights Case

    October 22, 2024

    allier technologie et simplicité pour une meilleure gestion financière

    March 11, 2025
    Our Picks

    Next Cryptocurrency to Explode, 15 February — Berachain, dogwifhat, SuperVerse, Worldcoin

    February 15, 2025

    Miata Metals Establishes Gold Exploration Portfolio in

    October 17, 2024

    Retirement: The Paradoxes of the CNSS

    February 27, 2025
    Weekly Top

    DIRECT. Real Madrid – Real Sociedad : Mbappé et le Real cherchent le break, suivez le match

    May 24, 2025

    Gold price outlook: Is yellow metal poised for a rise amid global trade tensions?

    May 24, 2025

    Comment FinAfrique a conçu les Inclusive Bonds pour financer les entreprises informelles  

    May 24, 2025
    Editor's Pick

    RDC : Glencore révolutionne l’industrie minière avec une première africaine historique – Le Congo au quotidien

    April 10, 2025

    Victim of largest cryptocurrency heist in history announces bounty to hunt hackers

    February 26, 2025

    Three Solid German Dividend Stocks With Yields Starting At 3.7%

    July 17, 2024
    © 2025 Invest Intellect
    • Contact us
    • Privacy Policy
    • Terms and Conditions

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