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Radio New Zealand reported that the government of the Solomon Islands has taken no action since St Barbara Ltd. (ASX:SBM) said on December 17 that the tailings dam of its Gold Ridge mine could overflow.
Radio New Zealand reported that the government of the Solomon Islands has taken no action since St Barbara Ltd. (ASX:SBM) said on December 17 that the tailings dam of its Gold Ridge mine could overflow.
As quoted in the market news:
Two weeks ago St Barbara said if a flood happened it could cause significant environmental damage and claim lives.
But the new government of prime minister, Manasseh Sogavare, has had no comment to make beyond saying it is currently recruiting international consultants to analyse the environmental and technical aspects of the mine.
The government has indicated it wants the mine back in operation and is preparing a new policy on mining while also considering the previous government’s plans to buy the mine from St Barbara.
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