FAILED Singaporean magnetite miner Abterra Australia has been ordered to pay an $180,000 fine and court costs of $12,783.06 in a Sydney court after falling foul of New South Wale’s Mining Act by failing to pay $1.8 million in rehabilitation security deposits.
Judgement day for Abterra
Abterra has held a mining lease over the Broula King magnetite deposit near Cowra in NSW's Central West since 2011. It was targeting the estimated 1.4 million magnetite tonnes there; however, challenging...
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