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THE Land Court of Queensland has ruled Moreton Resources-subsidiary MRV Metals is not financially responsible for historical environmental damage at the Texas silver mine in southeast Queensland and should not have to pay financial assurance as a condition of its environmental authority at the Granite Belt project, which covers an area disturbed by the Texas mine.
MRV Metal's Granite Belt project
MRV appealed after the Department of Environment and Science decided after an internal review to impose the financial assurance based on the newly amended Environmental Protection Act (2019).
Last year Moreton reviewed its business and said it was seeking to reduce total spend.
