ILU 0.83% $5.95 iluka resources limited

Iluka does not own the tailings from Jennings Farm, so return them and rehabilitate., page-21

  1. 104 Posts.
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    if miners factored in the actual true costs of rehabilitation of the land they mine to what it was prior to them being there, the minerals would need to increase substantially and come at a price that is not 'palatable' to buyers and those buyers go elsewhere.

    Don't worry about the rehabilitation, we'll get to that at a later stage or never.. and who is going to do or say anything anyway? certainly not the company as it's going to be costly so let's put it on 'care and maintenance' or some other bogus phrase. They have little or no intention of ever rehabilitating. But it will look good in the financials and on the paper and it could appear we are making a profit and shareholders can be happy.

    Those that work in the government are incompetent in doing their job for which they are handsomely remunerated with the enforcement of legislation. The government have their hand in the till with royalty cashflow and they don't want to rock the boat so they fail in their duty with the enforcement of legislation they create.

    The Government should be seizing assets and those assets sold and funds go into the rehabilitation to satisfy the legal agreements, obligations and responsibilities the company/s had entered into when taking on the mining license.
 
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