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EPA labels Yilgarn mine proposal 'environmentally unacceptable'

In its latest push for greater conservation in mining regions, the Environmental Protection Agency has classified a proposed Mineral Resources iron ore project in the Yilgarn as 'environmentally unacceptable'.

The EPA announced yesterday it had classified the proposed project near Southern Cross as falling under the environmentally unacceptable category of review (API-B), rather than under a public environmental review (PER) category for projects with major significance.

The step is the latest in a series of actions by the environmental watchdog aimed at greater preservation and conservation in proposed mining areas.

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Comments

Personally I find it strange that departments like the EPA come down with these decisions. I wonder where the EPA will get their next funding from? Will the Government suddenly find another source of funds? How about the 1400 unemployed, perhaps they will get temporary position with the EPA. Surely, this department can review the application and then impose conditions which allow progress to occur.

Tony, have you into looked the history of the mining company for caring for the environment and meeting EPA regulations?? If they have a good record then you may have a point.

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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%
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2nd↑South32$9,392.9m
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4th-Mineral Resources$1,470.4m
5th↑Atlas Iron$896.6m
6th↓Northern Star Resources$850.6m
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24thBruce Goulds$1.543m
33rdBob Gavranich$1.323m
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