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CSD consolidated tin mines limited

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OK so what does CSD own there then and if it's the mineral...

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Dave R

58,089 Posts.

16

29/08/18

09:17

Post #: 35253989
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Originally posted by Meteor ↑

No, Dave, CSD do not own this now. The current owner is Gammon Copper P/L and CSD paid it 1.8m to assume liability (environmental) in 2017 - there was a Court case that we followed carefully around the time of the DOCA involved BGC/CSD and Snow Peak.

"Then-owner and the operator of the Baal Gammon mine, Monto Minerals and Kagara Pty Ltd, were issued an environmental protection order (EPO) to stop further releases of contaminated water and a year later were fined a total of $200,000.

The mining project changed hands again and the next mineral rights holder, Consolidated Tin Mines, paid current owner Baal Gammon Copper Pty Ltd $1.8 million to assume liability in 2017."

Court Case
http://www.csdtin.com.au/wp-content...Company-Update-on-Baal-Gammon-Legal-Claim.pdf

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OK so what does CSD own there then and if it's the mineral rights over the area how difficult will it now be to carry out any further mining there ? I agree they should not be liable for the current environmental costs.
Dave R.

CSD Price at posting: 25.0¢ Sentiment: Hold Disclosure: Held
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OK so what does CSD own there then and if it's the mineral...

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