News 
 Opinion 
 Editorial 
 General 
 Court decision fallout up in air 

Court decision fallout up in air

11 Mar, 2010 03:00 AM
IS it possible the NSW Minerals Council is overstating the likely impact of last week’s Supreme Court decision to declare mining access agreements between BHP Billiton and two families on the Liverpool Plains invalid?

The fall-out predicted by council chief executive Dr Nikki Williams includes:

• Paralysing investment in NSW

• Jeopardising the NSW State Budget

• Jeopardising thousands of jobs.

The access agreements, upheld by the Mining Warden’s Court against strident opposition from landholders in 2009, were overturned because BHP Billiton had not negotiated them with all parties with a financial interest in the

properties.

The company had only dealt with the landholders themselves.

Dr Williams is now crying foul, saying that if it is necessary for miners to negotiate with all affected parties – including banks – to obtain access agreements then it just won’t be worthwhile to carry out exploration work.

That, given the value of the resources at stake and the profits the companies stand to make from a successful mining venture, seems a pretty big call at this stage.

We suspect that mining exploration in NSW will continue to occur into the indefinite future – come hell or high water.

That said, Dr Williams does have a point when she says last Friday’s decision will create fresh levels of bureaucracy, red tape and confusion – all things which are already far too common in this state.

It is interesting to note that at this stage the responsible minister, Ian MacDonald, has yet to issue a substantive statement on the Supreme Court

decision.

He has only been quoted as saying the government is “still considering the potential wide ranging and unintended impacts of the decision”.

If, as Dr Williams has claimed, the decision does have the potential to effect state government royalties income, we suggest that legislative amendments would not be too far off.

Print
Increase Text Size
Decrease Text Size

comments


No comments yet. Be the first to comment below.

post a comment


Screen name  *
Email address  *
Remember me?
Comment  *
 
We invite and encourage our readers to post comments. Comments are moderated and will appear as soon as our editor has approved them. When posting comments you agree to be bound by our Terms and Conditions.

Most popular articles




Northern Daily Leader







Weather brought to you by:

Weatherzone

Navigate

Classifieds

More Ways to Read

Front Page

Current Issue
Privacy Policy | Conditions of Use | Advertising Terms | Copyright © 2010. Fairfax Media.
 SEND...
 SAVE...
 SHARE...