Australia's largest stock trading and investment forum Australia's #1 stock forum

VMY

0.00%

19.0¢ vimy resources limited

How do you read this, phishpheet? I reckon that 2nd last...

First 170 Last

Share
Profile

Follow
Rubiconis

1,242 Posts.

416

28/07/21

23:17

Post #: 54851809
Share

Originally posted by phishpheet: ↑

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."

Expand

How do you read this, phishpheet? I reckon that 2nd last paragraph is a worry, "...providing they meet all planning approvals...". It's all in the hands of the government, they just need to deny one of the planning approvals...or, in this case delay it.

VMY Price at posting: 11.5¢ Sentiment: Hold Disclosure: Held
3 Upvote

0 Great analysis

Reply

Top Stories

Biden's exit bakes in a Kamala Harris ballot while markets expect Trump to win. How could equities fare this week?

29M

High-grade copper results provide some relief to 29Metals after earlier mine shutdown

PH2

Pure Hydrogen inks MOU for 5 hydrogen buses in Saigon – days after Twiggy's FFI reeled back in

HBF to throw 10% vote behind NDC BidCo's buyout of Pacific Smiles Group

I88

Large fault structure and uranium anomalies picked up by Infini at Newfoundland play

There are more pages in this discussion • 87 more messages in this thread...

First 170 Last

Add VMY (ASX) to my watchlist

How do you read this, phishpheet? I reckon that 2nd last...

Top Stories

Biden's exit bakes in a Kamala Harris ballot while markets expect Trump to win. How could equities fare this week?

High-grade copper results provide some relief to 29Metals after earlier mine shutdown

Pure Hydrogen inks MOU for 5 hydrogen buses in Saigon – days after Twiggy's FFI reeled back in

HBF to throw 10% vote behind NDC BidCo's buyout of Pacific Smiles Group

Large fault structure and uranium anomalies picked up by Infini at Newfoundland play

Featured News