VMY 0.00% 19.0¢ vimy resources limited

VMY undervalued, page-232

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    "After that period expires the companies would have to go back and seek to renew their ministerial approvals, he said. "I would hope they [the projects] don't go ahead," Mr McGowan said.
    Asked if his Government would be likely to renew those approvals once they expired, the Premier said legal advice would be sought.
    "Everyone knows our position is we are not very happy about these approvals, so the mining companies need to be aware that they have a potential deadline heading at them in five years from now," he said.
    "Bear in mind five years is a long time, I mean they've already had eight years of getting a project approved and another five years to develop it, that's a pretty reasonable length of time for them to get a project up.
    "If they can't do that then that's not our problem, that's their [problem]."

    https://www.abc.net.au/news/2017-06-20/revised-uranium-mining-policy-wa-government/8635790


 
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