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THE peak body for exploration companies has questioned the Northern Territory government's claim to be "open for business" following its decision to effectively revoke tenements held by three miners, including BHP Billiton, by banning seabed mining off Groote Eylandt. Association of Mining and Exploration Companies chief executive Simon Bennison said the Giles government's shock decision to impose the ban could set a dangerous precedent and must be accompanied by fair compensation for the companies affected - See more at: http://www.theaustralian.com.au/business/mining-energy/mining-lobby-demands-compo/story-e6frg9df-1226716413607#sthash.kOlP0Rvj.dpuf