NTM 0.00% 0.5¢ nt minerals limited

on one hand you have henderson saying no to miming and then you...

  1. 366 Posts.
    on one hand you have henderson saying no to miming and then you have vatskalis telling china come and invest in our mining industry.i know it's just crazy two blokes saying different things.
    china will be looking at this ntm/nt gov/alc saga and be thinking what the hell is going why would we put our money in the NT when it all could be stopped by some federal employee i want mention his name

    ntm epbc submission was open to the public for comment what happen to the songlines and nretas what happen to the songlines ,we did they go?


    this straight of the press.

    TERRITORY Resources Minister Kon Vatskalis has told Chinese mining conference delegates there were many uranium mining investment opportunities in the Territory for the next decade.
    Mr Vatskalis was speaking as part of an Australia seminar at the China Min- ing Congress and Expo 2011 in the city of Tianjin.
    He said the Northern Territory was set up to export to China with the north-south rail line and the Darwin port utilised for iron ore, manganese and copper concentrate, with the Territory also being a major producer of uranium, bauxite, zinc and gold.
    He said in 2010 there was $195 million spent on exploration in the Territory, an increase of 31 per cent on 2009 with most of the money invested in exploration for rare earths, phosphates, uranium, gold and copper.
    Mr Vatskalis said since the start of a government strategy to increase Chinese investment, there had been 16 agreements signed between Chinese and Territory companies and 53 exploration licences granted to Chinese exploration companies with $157 million in publicly announced deals.
    There have been 21 Chinese companies investment in exploration and mining in the Territory.
    He said that there was great potential for uranium mines, with a prime example being a majority equity investment in the Energy Metal Bigrlyi project in the Ngalia Central Australian mine by China Guangdong Nuclear Power Group.
    "Several opportunities exist for Chinese companies to participate in developing the Territory's uranium resources," he said.
    "The Northern Territory and other growth centres across northern Australia stand on the edge of the second resources development boom," Mr Vatskalis said.
    "Indeed I have long believed that a new economic paradigm is gradually emerging in our country"

    uranium mining vs sea bed mining what is worst for the environment.

    let's not forget that the greens are dead against uranium mining

    and this of the epbc website

    Who approves a project after it is assessed?

    Once a project has been assessed by the Department of Sustainability, Environment, Water, Population and Communities, the department makes a recommendation to the minister or delegate about whether or not the project should be approved to proceed.

    The minister assesses all the information provided by the department before making a decision about whether or not the project should proceed, and if so, whether any specific conditions need to be attached to that approval.

    In addition to considering potential impacts on matters of national environmental significance, in making a decision the minister also considers the social and economic impact of the project.

    What is the role of the Australian Government environment minister?

    The Australian Government environment minister’s primary role under the EPBC Act is to protect areas of national environmental significance in accordance with the guiding principles of the EPBC Act. This means that the minister will always consider these critical environmental decisions in the broader context of Australia’s social and economic needs.

    However, the minister cannot intervene in a proposal if it has no significant impact on one of the eight matters of national environmental significance, even though there may be other undesirable environmental impacts. This is not because these other environmental matters are not important.

    Can the Australian Government environment minister overturn a state decision?
    Because the Australian Government environment minister only has the power to make decisions in relation to matters of national environmental significance, the minister has no power to intervene in decisions of state or local governments that do not have an impact on these matters. Thus, the EPBC Act does not give the minister the power to act as a general 'court of appeal' from any state or local government decision affecting the environment.
    Community members or groups who want the Australian Government to intervene in state or local government decisions on environmental issues that are not matters of national environmental significance under the EPBC Act are asking the minister to act beyond legal authority. This means that apart from projects having an impact on matters of national environmental significance (and projects having significant impacts on Commonwealth land or carried out by Commonwealth agencies), community concerns regarding government decisions affecting the environment should be taken up with the relevant state or territory government.

    , the minister has no power to intervene!!!

    asking the minister to act beyond legal authority!!!!

    so far ntm has done everything by the book and by the law but someone wants to change the law mid step.

    a couple of things could happen
    1)they veto the epbc,(not likely)
    2)if so ntm would take it to court seek $$$ or No3
    3)if so the nt gov steps in takes the sea tenements of ntm and then open the door for winchelsea island
    4)ntm contiune as per the law and start drilling


    so the fat lady is singing her lungs out and boy is she ever BUT is the fat lady singing out of tune.







 
watchlist Created with Sketch. Add NTM (ASX) to my watchlist
(20min delay)
Last
0.5¢
Change
0.000(0.00%)
Mkt cap ! $5.087M
Open High Low Value Volume
0.5¢ 0.5¢ 0.5¢ $16.25K 3.250M

Buyers (Bids)

No. Vol. Price($)
6 3028249 0.4¢
 

Sellers (Offers)

Price($) Vol. No.
0.6¢ 1884906 8
View Market Depth
Last trade - 15.00pm 25/07/2024 (20 minute delay) ?
NTM (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.