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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'.

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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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BN30 Index

Index = 100 as of 4 Jan 2016
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Total Shareholder Return as at 31/01/18

1 year TSR5 year TSR
195thMineral Resources59%18%
207thNorthern Star Resources55%43%
231stSouth3245%0%
393rdWoodside Petroleum9%4%
722ndAtlas Iron-45%-55%
709 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
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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
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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
499 listed resources companies ranked by revenue.
Source: Morningstar

Remuneration from Mineral Resources

9thChris Ellison$2.918m
23rdBruce Goulds$1.543m
32ndBob Gavranich$1.323m
Ranked by total remuneration from all listed WA companies

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