News Wrap

IN THIS morning’s wrap: Tinkler back in court next week; nuclear debate to continue; Greens seeing red as leaching approved for Olympic Dam.
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Nathan Tinkler

Lou Caruana

Tinkler back in court next week

Mining magnate Nathan Tinkler's Mulsanne Resources and coal explorer Blackwood Corporation have been given another week to work out a settlement over a $28.4 million debt before returning to court, according to the Australian Financial Review.

Blackwood is suing Mulsanne after the latter agreed to buy a 33.85% stake in the former for $28.4 million but has not yet followed through on the deal.

Blackwood is seeking to wind up Mulsanne and appoint a liquidator to recover the money.

Nuclear debate to continue

Resources Minister Martin Ferguson has declared that "time will tell" whether Labor should dump its nuclear policy, despite growing recommendations the government should adopt the energy source, according to The Australian.

In a speech in Sydney yesterday, Ferguson said he believed nuclear power could be viable in Australia in the future, if newer and cleaner technologies were not successful.

Greens seeing red as leaching approved for Olympic Dam

The South Australian government has decided BHP Billiton's proposal to develop the Olympic Dam mine using leaching technology has already been covered by the project's original environmental impact statement, according to The Australian.

The revelation that the proposed use of acid-intensive heap leaching would not require a new EIS prompted backlash from the state Greens yesterday, which will seek to have the indenture approvals disallowed in Parliament next week.