One of Gina Rinehart’s companies has invested more than $4 million in the gas exploration firm Lakes Oil. It’s a subsidiary of Rinehart’s WA iron ore giant Hancock Prospecting.
We suspect the ‘democratic system’ and govt processes we currently have here will be corrupted even more with her gazillions of political influence.
Part of this latest move is the appointment of climate change sceptic, Professor Ian Plimer, as a director of Lakes Oil.
Plimer serves on the boards of four listed ...
Is it just coincidence that as new mining projects are approved in Longford and Seaspray and the moratorium on fracking is about to be lifted, Gina buys big stakes in the local mining companies, our local politicians open the newly upgraded West Sale Airport, the highways in and out of Longford to Melbourne are upgraded and Seaspray gets a new ‘compound like’ accommodation site they’re calling a holiday park?Watch out Gippsland!!!
Read the SMH article here
The following update is an excert from an article in The Age, journalist is Jason Dowling.Surge of activity could see Victoria playing mine host
Victoria could soon boast a new commercial iron ore mine amid a surge of mining activity.
A combination of increased mineral prices and a supportive state government is driving a rejuvenated local mining sector with hot interest in exploration licences.
This week Eastern Iron advised the stock exchange it had moved into the environmental approvals phase for a commercial ...
The Stockman Project is located in the Victorian Alps, 470km by road north-east of Melbourne and 60km by road north east of Omeo. The project contains two copper-zinc-lead-silver-gold rich deposits, called Wilga and Currawong. Wilga was discovered in 1978 and Currawong in 1979. Denehurst mined the copper rich core of Wilga deposit from 1992 to 1996. In 2006, following rehabilitation of the plant site and tailings dam by the Victorian Department of Primary Industries, the project was put out for ...
A controversial mine site is seeking government approval from the Baillieu government to reopen at Benambra, north of Swifts Creek in East Gippsland. The original Benambra mine was operated by Denehurst – and now the connections appear – in which our Premier, Ted Baillieu was a shareholder. Click here for the news story.Continue reading
LIBERAL Party leader Ted Baillieu has been linked to one of Victoria’s most damaging environmental debacles through his shareholding in a collapsed mining company.
The company, Denehurst, went bust in 1998, leaving the state government with a $6.9million clean-up bill at the Benambra Mine, in Victoria’s far east.
News of Mr Baillieu’s involvement in the Denehurst mine comes as he tries to shake off suggestions his $3.8 million share portfolio would leave him hopelessly compromised if he were elected premier on ...