TOE 6.45% 33.0¢ toro energy limited

There are currently four projects undergoing state and federal...

  1. 894 Posts.
    There are currently four projects undergoing state and federal approval in Western Australia, including BHP Billiton's Yeelirrie project, Toro Energy's Wiluna project, Mega Uranium's Lake Maitland and the Cameco/Mitsubishi venture's Kintyre project.

    The following from here : Please read the entire article for context.

    A fortnight after admitting it had put the Yeelirrie environmental approvals process on hold, BHP Billiton is understood to have begun dismantling the senior management team charged with overseeing WA's biggest uranium development.

    Complicating the matter for BHP is that development of Yeelirrie would create significant political and community backlash in WA, where there is vocal opposition to uranium mining, in return for only modest financial rewards for the world's biggest miner.




    I am pretty sure the ALP W.A. is still opposed to uranium mining, I don't recall hearing a retraction.

    What is the point of my post;... well it means there is one less player in the market, and/or an opportunity for TOE.

    I was a TOE holder.







 
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