In a statement, Peninsular Gold said its wholly-owned subsidiary Raub Australian Gold Mining Sdn Bhd (RAGM), which operates the Raub gold mine, has been in discussions with the Malaysian authorities regarding additional operational requirements which the authorities have sought to attach to the current environmental consent which governs the operations there.
“In particular the authorities have requested changes relating to the location of RAGM’s tailings storage facilities which would require significant changes to its tailings management plan.
“RAGM remains in discussion with the authorities on the requirements for this new condition and whether it may be reviewed or appealed,” said Peninsular Gold, which is controlled by its chairman and chief executive Datuk Seri Andrew Kam
http://www.theedgemarkets.com/article/peninsular-gold-halts-ops-raub-gold-mine
No scientific evidence the gold mine was causing any harm to environment or people yet this happened. Raub went bankrupt soon after.
“The Malaysia Effect”.
LAMP residue management, page-20
Add LYC (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$7.87 |
Change
0.150(1.94%) |
Mkt cap ! $7.402B | |||
| Open | High | Low | Value | Volume |
| $7.84 | $8.00 | $7.82 | $7.612M | 963.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 3853 | $7.87 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.88 | 3124 | 9 |
View Market Depth
| Last trade - 12.04pm 17/10/2024 (20 minute delay) ? |
| LYC (ASX) Chart |