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Ann: Siren Receives Commitments to Raise $2.6m, page-17

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Patong1

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08/02/23

11:33

Post #: 66132874
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Originally posted by masterblaster: ↑

No new mines policy ‘a shocking cynical move’ | Star News (odt.co.nz)

A Government spokesperson confirmed to media late last week "policy options have been progressed" through Cabinet and drafting of a new Bill is under way.However, they stressed that final decisions were still to be taken and would require Cabinet approval before a Bill was introduced to the House."This is not what the Government promised," mining industry advocate Straterra chief executive Josie Vidal said."We don’t know what they are planning as there has been no consultation with the industry, as promised. The Government has also said it would resolve its plans for stewardship land before it looked at its no new mines policy. This makes a mockery of the stewardship land consultation."At a time when global authorities were saying by 2030 alone the world would need 50 new lithium mines, 60 new nickel mines and 17 new cobalt mines to meet demand for electricity storage in a low emissions future, "why would you close off potential to access minerals critical to our future, including rare earth elements?"Ms Vidal said mining made up 21.3% of GDP in Buller district.Development West Coast chief executive Heath Milne said it could be the "death knell" of one of the most important industries on the West Coast."The potential impact on the region’s economy cannot be understated."Mining was the fourth largest industry on the West Coast. According to Infometrics, mining contributed $183.3 million (7.7%) towards the economy, and directly employed 611 people for the year ending March 2022.That did not include the flow through in the economy.While the details of the proposed legislation were not yet clear, potentially no new mines could mean existing mines may not be able to renew their consents or extend to adjacent areas, he said.

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It's an absolute nightmare. As I previously said this was where the risk was with the project.

SNG Price at posting: 16.0¢ Sentiment: None Disclosure: Not Held
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Ann: Siren Receives Commitments to Raise $2.6m, page-17

CuFe sells its Crossroads gold royalty to Northern Star for $4M cash; says better than waiting for mine launch

NT Gov't delivers environmental approval for Empire Energy's Beetaloo Carpentaria pilot gas play

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

Blue Star Helium sees approval for five more wells at 'Galactica/Pegasus' project in Colorado

Week 46 Wrap: Copper hits 2mth low as Trump threatens net zero pace; US rally fades; HotCopper’s picks

Cyclone signs MOU with Vale for development of Iron Bear play

Tyranna wraps up lithium drilling in Angola; says looking for other projects with different metals

InhaleRX gains approval for clinical trial to test non-opioid therapy for cancer pain

Banshee's historic trenches prove rich in antimony and gold for GDM

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

Featured News

Buyers (Bids)

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Ann: Siren Receives Commitments to Raise $2.6m, page-17

Top Stories

CuFe sells its Crossroads gold royalty to Northern Star for $4M cash; says better than waiting for mine launch

NT Gov't delivers environmental approval for Empire Energy's Beetaloo Carpentaria pilot gas play

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

Blue Star Helium sees approval for five more wells at 'Galactica/Pegasus' project in Colorado

Week 46 Wrap: Copper hits 2mth low as Trump threatens net zero pace; US rally fades; HotCopper’s picks

Cyclone signs MOU with Vale for development of Iron Bear play

Tyranna wraps up lithium drilling in Angola; says looking for other projects with different metals

InhaleRX gains approval for clinical trial to test non-opioid therapy for cancer pain

Banshee's historic trenches prove rich in antimony and gold for GDM

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

Featured News

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