Reward calls off deal with Martu people

Aspiring potash producer Reward Minerals Ltd will seek arbitration under the Native Title Act after it called off the commercial offers made to the Martu people over the Lake Disappointment project.


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Its pretty sad when a landmark and revolutionary deal is offered - a true partnership between miners and traditional land owners - and it can't get over the line without court intervention... The WDLC made a comment that "Gone are the days that the big boys treat us like speed bumps in our own country"... Well in a matter of months they seem to not only proved that stereo type, but highlighted it to the world. There is a global shortage of Potash, particularly in Asia. Australia is 100% dependent on imported Potash... We need Lake Disappointment up and running as soon as possible, for the Martu, Shareholders and Australia's Agricultural security... Moral of the story - Never offer too much because it's never enough...

The falling over of what was hailed as a watershed traditional owner/mining company partnership is a major set-back to better outcomes for traditional owners. One can only wonder whether the Martu people's "capitalist blackfella" advisor is placing his own wellbeing above 'his people's' best interests?

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