ILU 3.60% $6.16 iluka resources limited

Iluka does not own the tailings from Jennings Farm, so return them and rehabilitate., page-22

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    "The Government should be seizing assets and those assets sold and funds go into the rehabilitation to satisfy the legal agreements, obligations and responsibilities the company/s had entered into when taking on the mining license. "

    In most cases they probably couldn't do that without sending the company broke anyway, so the end result would be the same. A scheme with teeth to require progressive rehab of areas equivalent to new clearing, or something like a superannuation account to at least cover the cost of fixing unrehabilitated areas, might make the companies more responsible. If they just go broke and walk away, a contractor could be brought in.

    I'm amazed that none of the environmental groups or Greens aren't raising a stink about this.
 
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