re: Ann: MOO: Baal Gammon Bond lodged & Strea... What I read...

re: Ann: MOO: Baal Gammon Bond lodged & Strea... What I read Monto was at fault and could be held Liable
not KZL
Anyhow Monto are keen to get things going again


After Kagara collapsed last week, Monto Minerals said Kagara had failed to lodge the $3.75 million environmental bond for Baal Gammon. A source told _The West Australian _ that Kagara had deposited the bond but it had been sent back by bureaucrats because it had been lodged by the wrong company.

A Queensland Natural Resources and Mines Department of spokesman denied a bond was ever deposited and the company had instead lodged a draft bank guarantee document.

The spokesman said the document was returned with the advice that it should be lodged in the name of Baal Gammon Copper Pty Ltd, the Monto subsidiary holding the lease. But it was never lodged.

The Environment and Heritage Protection Department's north region services director Andrew Buckley said his agency was liaising with administrators to ensure more works were carried out on the mine site before next wet season and the bond was also being discussed. Mr Buckley said Baal Gammon Copper could be held responsible if Kagara did not comply with its obligations.

Monto chief executive James Allchurch could not be contacted for comment.
He said earlier last week he was hopeful the administrators could revive Kagara and claimed getting Baal Gammon operating again would be in the collapsed miner's best interest to keep ore flowing to its nearby Mt Garnet plant.