mining act, page-37

re: mining act - hey spov! Rio has to try and get the lease back due to the fact that it was theirs in partnership with rineharts company and another 3rd party i think. RIO was acting as manager of the leases so with 2 bill or so having to be written off the value of the combined assets of these parties it seems obviousthat rinehart will come after rio for reimbursement/losses. U cant make a stuff up this big and just go ' oh well' they must be seen to be trying to regain title of the land coz once the decision is made there will be a lot of litigation from a number of parties ie rinehart Vs Rio, Rio Vs WA Gov (if CAZ wins) and CAZ Vs WA Gov if Rio wins.
IMHO caz will get the lease, rinehart will sue RIO and RIO will sue WA gov over rejecting hte late application.
Everybody wins :))
cheers