Search
Stephen Dawson stressed that a decision on the MinRes proposal had not been made. Picture: Attila Csaszar

Dawson endorses EPA's MinRes report, decision pending

Environment Minister Stephen Dawson has endorsed the environmental watchdog’s rejection of Mineral Resources’ Jackson 5 and Bungalbin East iron ore project, however, the government is yet to make a final decision on the proposal.

MinRes wants to construct and operate two new iron ore mines and associated infrastructure about 100 kilometres north of Southern Cross.

The new pits are designed to enable the company to sustain production from its operations in the region.

Login

(existing subscribers)

The password field is case sensitive.
Request new password

Register for free

Sign up here for free access to 7 articles per month + twice daily business email alerts.

CAPTCHA
Thanks! This question prevents spammers...
Image CAPTCHA
Enter the characters shown in the image.

Comments

This is fantastic news. The state government has now endorsed the EPA’s very strong recommendation not to permit mining in this unique range of hills. The iron ore is low grade and only marginally economic. This project is not good for MRL shareholders and the income to the state government will have an almost infinitely tiny impact on the state debt. It would therefore be an extraordinary act of environmental vandalism if the state government were to give approval to these two mines now.

Add your comment

BNIQ sponsored byLPC cresa

Share Price

Closing price for the last 90 trading days
Source: Morningstar

BN30 Index

Index = 100 as of 4 Jan 2016
Source: Morningstar

Total Shareholder Return as at 30/11/17

1 year TSR5 year TSR
184thNorthern Star Resources65%37%
189thMineral Resources62%24%
299thSouth3225%0%
401stWoodside Petroleum9%4%
444thAtlas Iron0%-57%
727 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

30/11/17
$36.9m Sold
30/11/17
$4.0m Sold
20/09/17
$118k Bought
Total value as at the date of the transaction
Source: Morningstar

Revenue

2nd↑South32$9,392.9m
3rd-Woodside Petroleum$5,715.9m
4th-Mineral Resources$1,470.4m
5th↑Atlas Iron$896.6m
6th↓Northern Star Resources$850.6m
491 listed resources companies ranked by revenue.
Source: Morningstar

Remuneration from Mineral Resources

10thChris Ellison$2.918m
24thBruce Goulds$1.543m
33rdBob Gavranich$1.323m
Ranked by total remuneration from all listed WA companies

BNiQ Disclaimer