People power at work on the NSW Liverpool Plains - well done to everyone over the years who attended protest events, emailed, wrote, phoned. posted, tweeted and/or made formal submissions objecting to Shenhua’s mining expansion plans.
The Northern Daily Leader, 12 July 2017:
Shenhua says it still plans to progress the Watermark coal mine in light of the NSW government $262m buy back of half its exploration licence.
Shenhua Australia Chairman Liu Xiang said the planning for the mine would continue on the remaining section of the licence “in line with the planning approvals” from both the state and federal governments.
The NSW government said despite the agreement, Shenhua's expired exploration licence had yet to be renewed.
“An application to amend the current renewal application to remove the relinquished area has been received,” a Department of Planning and Environment spokesman said.
“The relinquished area will be removed from the title and the consideration of the renewal application for the remainder of the licence will be considered as per normal procedures and in accordance with the Act.”
In a statement to The Leader, Shenhua expressed its “disappointment” regarding the NSW government’s stance on mining operations on black soil plains, “as it would prevent its efforts” to get its exploration licence “wholly renewed”.
While Shenhua believes it “would have been able to responsibly expand its existing Watermark Coal Mine”, it has “come to terms with the NSW Government’s decision to not allow any mining on the black soil plains”.
However, the fight continues…….
Liberal Member of the NSW Legislative Council, Don Harwin
Minister for Resources, Minister for Energy and Utilities, and Minister for the Arts, Vice-President of the Executive Council
Minister for Resources, Minister for Energy and Utilities, and Minister for the Arts, Vice-President of the Executive Council
Phone
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(02) 8574 7200
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Fax
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(02) 9339 5568
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Email
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ABC News, 12 July 2017:
National co-ordinator for the Lock the Gate Alliance Phil Laird said anything less than the full cancellation of the project would not protect the farming systems.
"If we are going to hand over our best farming country to a coal mine that's owned by the Chinese Government, we've got to change our priorities," Mr Laird said.
"This coal mine is going to be 200 metres deep and its going to cut below the ridge line way below the level of the farm land and the aquifers.
"The impacts to those aquifers is unknown and the entire region depends on those aquifers for survival."
CSEC - CHINA SHENHUA ENERGY COMPANY LTD.
12/07/2017 | Press release | Distributed by Public on 12/07/2017 19:28
Voluntary Announcement- Announcement On Progress Of The Wate...
Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited takes no responsibility for the contents of this announcement, makes no representation as to its accuracy or completeness and expressly disclaims any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.
(a joint stock limited company incorporated in the People's Republic of China with limited liability)
(STOCK CODE: 01088)
VOLUNTARY ANNOUNCEMENT
ANNOUNCEMENT ON PROGRESS OF THE WATERMARK PROJECT
This announcement is made by China Shenhua Energy Company Limited (the "Company") on a voluntary basis. The purpose of this announcement is to keep the Shareholders and potential investors of the Company informed of the latest business development of the Group.
On 20 November 2008, the Company issued the Announcement in relation to Watermark Exploration Area Exploration License. Shenhua Watermark Coal Pty Limited ("Watermark Pty"), a wholly-owned subsidiary of the Company, entered into Exploration License with the state government of New South Wales, Australia (the "NSW Government"), pursuant to which Watermark Pty paid for the exploration license at a consideration of AUD299,900,000 and obtained the Watermark exploration area of approximately 195 square kilometers in aggregate.
On 29 June 2017, Watermark Pty reached an agreement with the NSW Government in relation to partial extension of the exploration license. Pursuant to the established policies of protection of agricultural activities on the black soil plains, the NSW Government withdrew the exploration license of approximately 100 square kilometres within Watermark exploration area and provided Watermark Pty with economic compensation amounting to AUD261,800,000, and accepted the application for the partial extension of the exploration license of non-black soil plains in Watermark exploration area. According to the agreement upon tendering in 2008, if the mining license of Watermark Pty is approved, then an additional AUD200,000,000 shall be paid to the NSW Government.
There are three planning open-cut mining areas, which are situated within the area of non-black soil plains, for the Watermark Pty Open-cut Coal Mine Project with recoverable reserves of approximately 290 million tonnes (JORC Standards), total designed raw coal production capacity of 10 million tonnes/year and designed service life of 24 years. The total investment amount of the project was approximately AUD1,470,000,000, among which 40% was contributed by Watermark Pty and 60% was financed by way of bank borrowings.
Up to now, the approval from the National Development and Reform Commission of the PRC, the approval for the environmental impact assessment from the Australian Federal Government and the approval from the Planning and Assessment Commission of the NSW Government have been obtained for the Open-cut Coal Mine Project. The environmental protection certification and mining rights license from the NSW Government will be applied for.
Watermark Pty will comply with the requirements of laws in Australia to promote the approval and construction of the Open-cut Coal Mine Project.
SHAREHOLDERS OF THE COMPANY AND POTENTIAL INVESTORS ARE ADVISED TO PAY ATTENTION TO INVESTMENT RISKS AND EXERCISE IN CAUTION WHEN DEALING IN THE SHARES OF THE COMPANY.
By Order of the Board
CHINA SHENHUA ENERGY COMPANY LIMITED HUANG QING
Secretary of the Board of Directors
Beijing, 12 July 2017
As at the date of this announcement, the Board comprises the following: Dr. Ling Wen, Dr. Han Jianguo and Dr. Li Dong as executive directors, Mr. Zhao Jibin as non- executive director, and Dr. Tam Wai Chu, Maria, Dr. Jiang Bo and Ms. Zhong Yingjie, Christina as independent non-executive directors.
It should be noted that the Shenhua Group has been named as one of the top 100 global fossil fuel companies collectively resposible for 72% of all global industrial Green House Gas (GHG) emissions.
It should be noted that the Shenhua Group has been named as one of the top 100 global fossil fuel companies collectively resposible for 72% of all global industrial Green House Gas (GHG) emissions.
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