IGO to record impairment against nickel assets in strategy shift
IGO has been undertaking a strategic review in an attempt to revaluate its resources.
Australian beef farmer Ian Moore has taken to court his battle against coal company NuCoal, which wants access to drill three boreholes on his property north of Sydney for its proposed Doyle’s Creek mine.
In a TV interview, Moore says he opposed the operations because of the potential damage it could cause to underground water supplies and because he is legally blind and relies on a visual memory of his property to farm, which the drilling operations and bore holes could hinder.
The beef farmer has been backed up by locals, who fear their property could be next. They gathered today outside the court building to show their support to Moore and the ask the Australian government to protect small farmer’s rights.
When asked about this issue, NuCoal managing director Glen Lewis told ABC News Australia that he would have preferred to avoid court action, but he trusts the court will make a decision based on science, not emotion.
Comments
Spongebob Squarepants
Hang tough, Mr.Moore and supporters. I’ve dealt with the coal companies for thirty-five years and next to oil companies they’re the most arrogant, ethically ambiguous lot you can imagine. If you get forced into making a deal with them, be sure to engage an accounting firm to keep them honest. Never turn your back on them in business, they’ll chisel and cheat you as soon as they can.