Is the Australian government increasing Australia’s mining risks?
That’s certainly the opinion of many in the industry after the country’s Labour Federal government interfered in the permitting process for two mining projects, out of the blue. The first action by the government came in July when it blocked Rio Tinto’s ERA subsidiary from being able to renew a 10-year operating lease in the Jabiluka project in the Northern Territory. Although the final decision was made by the NT government, it was on advice from the Federal government. However this month marked another intervention, with Tanya Plibersek the Minister for the Environment blocking the development of a tailings dam...
Topics
Australia
Geopolitics
Government
Mining
Regis Resources
Rio Tinto
Risks
Sovereign risk
