The Federal Labor Govt. is starting to feel some heat on rejecting or slowing down mining investments (see the most recent below).
I think it would politically very difficult to keep having red flags or stalling.
The Opposition Liberal Party is starting to see significant leverage here, the Govt needs to act.... Starting with ROBE MESA
The federal opposition has challenged Environment Minister Tanya Plibersek to reveal her reasons for stalling the development of a $1 billion gold mine in the NSW Central West.In August, the Commonwealth granted an Aboriginal protection order over the site earmarked for a tailings dam at the McPhillamys Gold Mine development near Blayney. Regis Resources said that decision would make the project "not viable," in its current form, saying the process involved in finding an alternative dam site could cause a decade-long delay.Nationals leader David Littleproud today called for more details to be released."We're saying to the minister, 'Give us the statement of reason'," he said."If you give us the statement of reason as to why you have actually rejected this application, then there will be a deeper understanding of the reason why.
CZR Price at posting:
24.0¢ Sentiment: Buy Disclosure: Held
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