VMY 0.00% 19.0¢ vimy resources limited

Upcoming Approvals, page-167

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    McGowan Government announces uranium policy,...Tuesday, 20 June 2017
    The Government has announced a ban on future uranium mining leases
    Will not stand in the way of projects that have been granted State Ministerial approval by the former government

    The McGowan Government today implemented its ban on uranium mining on all future granted mining leases.

    This announcement follows the election promise to block future applications to mine uranium in Western Australia.

    The actions being taken are consistent with the ban that existed between 2002 and 2008, which proved to be effective.

    The Government will not prevent the four uranium projects that have received State Ministerial approvals from progressing, as it has clear legal advice it cannot legally deny secondary approvals for the purpose of frustrating approvals already granted.

    This includes Toro Energy's Wiluna project, Cameco's Kintyre and Yeelirrie projects, and Vimy Resources' Mulga Rock project.

    Comments attributed to Mines and Petroleum Minister Bill Johnston:
    "This announcement supports the Labor Party's commitment to halt the expansion of uranium mining in Western Australia.

    "In making this decision, the McGowan Government has carefully considered the potential liability risk for WA taxpayers. "We made a commitment that all uranium mining projects with State Ministerial approvals will be able to continue, providing they meet all planning approvals.

    "The various Western Australian agencies will continue to stringently regulate the industry and ensure the four mines meet their regulatory and environmental responsibilities if they proceed."
 
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