IOH 0.00% 70.0¢ iron ore holdings limited

re: Ann: Environmental Approval for Cape Pres... Extract from...

  1. tcf
    6,858 Posts.
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    re: Ann: Environmental Approval for Cape Pres... Extract from Hansard in 2008

    "Mineralogy will, as set out in clause 5 of the variation agreement, relinquish land to the
    state for the future development of separate multi-user port facilities at Cape Preston and outside area A, as to be
    defined in the state agreement. This will occur immediately upon the proposed variations to the state agreement
    becoming effective.

    Within three years after that, Mineralogy may be called upon to surrender the amended area
    D. In exchange, the state has agreed to amend the area of area A under the state agreement by including within it
    additional mining tenements which are held by or which may be granted to Mineralogy and provide for
    Mineralogy to be granted an easement over part of area D for pipelines and communication cables constructed
    within that area as part of the Sino Iron project."

    Parliament was actually advised incorrectly when it was advised "Within three years after that, Mineralogy may be called upon to surrender the amended area
    D." because the agreement says "Minister
    given not earlier than 36 months after the
    variation date." So the Parliament was told within three years and the agreement says not earlier than three years.

    I'm not suggesting anyone is lying but there seems to be some misunderstanding of some things.
 
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