HIG 0.00% 10.5¢ highlands pacific limited

Yes croc72. Details are below.The Supreme Court in Papua New...

  1. 278 Posts.
    lightbulb Created with Sketch. 10
    Yes croc72. Details are below.

    The Supreme Court in Papua New Guinea has granted landowners a fresh injunction stopping the Ramu nickel mine from dumping any toxic tailings into the sea.

    The injunction was granted this morning, after the court heard that the landowners, led by Louis Medaing and Terry Kunning, have filed an appeal against the decision of the National Court allowing the waste dumping, even though, according to the judge, it will likely cause catastrophic environmental damage and is unconstitutional.

    Lawyers representing the mine owners, Chinese state company MCC and Australian based Highlands Pacific, consented to the new injunction which will ensure no damage to the marine environment until the Supreme court decides on the merits of the landowners appeal.

    The injunction will again be discussed by the parties when the matter of the appeal goes back to the Supreme Court for a directions hearing on August 19.

    So, it's another bump in the road to riches!

 
watchlist Created with Sketch. Add HIG (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.