and again it continues ....................................
August 29, 2011 at 1:58 pm
After hearing two and a half hours of legal argument this morning, the Supreme Court in Papua New Guinea has reserved its decision on an application by landholders for the Court to set aside orders made two-weeks ago dismissing their application for an interim injunction. This is the latest courtroom drama in the legal battle over plans by the Ramu nickel mine to dump millions of tons of toxic waste into the sea. The injunction being sought by the landholders would stop any waste dumping taking place until the Supreme Court hears a full appeal against the decision of the National court allowing the waste dumping. The Supreme Court has not yet indicated a time and date when it will announce its decision.
HIG Price at posting:
27.0¢ Sentiment: LT Buy Disclosure: Held