Industrial Metals

ABC News reported that Whitehaven Coal Ltd. (ASX:WHC) told the Australian Securities Exchange that it plans to forge ahead with the construction of the Maules Creek mine, located in New South Wales, despite the fact that the Northern Inland Council for the Environment has challenged the validity of the approval process that the mine went through.

ABC News reported that Whitehaven Coal Ltd. (ASX:WHC) told the Australian Securities Exchange that it plans to forge ahead with the construction of the Maules Creek mine, located in New South Wales, despite the fact that the Northern Inland Council for the Environment has challenged the validity of the approval process that the mine went through.

As quoted in the market news:

Whitehaven defended the approval process for Maules Creek as “comprehensive”, and said the court would not be determining whether the project should have been approved.

“If, however, the court was to find that there was any legal error in the minister’s granting of the approval on 11 February 2013, the company will request that the minister promptly cure the error, re-determine the application and grant a new approval,” Whitehaven said.

Whitehaven says it wants the litigation to be resolved as soon as possible and will ask the court to expedite the hearing.

Click here to read the full ABC News report.

MARKETS

Markets
TSX19062.91+345.79
TSXV647.33+15.54
DOW31500.68+823.32
S&P 5003911.74+116.01
NASD11607.62+375.43
ASX6528.40+19.90

COMMODITIES

Commodities
Gold1827.54+0.47
Silver21.15+0.03
Copper3.740.00
Palladium1879.51+6.50
Platinum911.26+4.32
Oil107.06+2.79
Heating Oil4.24+0.02
Natural Gas6.17-0.07

DOWNLOAD FREE REPORTS

×