Maybe Sinosteel is looking for another way to acquire more resources in the said area...mmmmmm
Sinosteel Midwest Corp has backed the proposed expansion of its Blue Hills Mungada East iron ore mine in Western Australia despite opposition from the state government and environmental watchdog.
WA environment minister Stephen Dawson this week dismissed appeals against an Environmental Protection Authority (EPA) recommendation not to approve the expansion.
In June, the EPA recommended that the plan to mine significant banded iron formations at the Blue Hills Mungada East site would cause permanent and irreversible environmental impacts.
Despite appeals against the EPA’s findings, Dawson supported the watchdog’s advice to block Sinosteel’s proposed expansion
BRING IT ON
ANS Price at posting:
1.5¢ Sentiment: Buy Disclosure: Held