Tasmanian Times

The individual has always had to struggle to keep from being overwhelmed by the tribe. If you try it, you will be lonely often, and sometimes frightened. No price is too high for the privilege of owning yourself. ~ Friedrich Nietzsche

The individual has always had to struggle to keep from being overwhelmed by the tribe. If you try it, you will be lonely often, and sometimes frightened. No price is too high for the privilege of owning yourself. ~ Friedrich Nietzsche

Media Release

ASX actions on misleading Shree Minerals statement should serve as a warning to Minister

 

Last weeks decision by the ASX to suspend Shree Minerals from official quotation on the Australian Stock Exchange over a misleading statement in a project update to investors should be a red flag to the Minister. The statement, withdrawn by Shree Minerals at the order of the ASX, falsely claimed a level of readiness to mine 400,000 tonnes per annum of magnetite iron ore despite the company currently applying for a permit that excludes magnetite mining at the Nelson Bay River mine. The stock remains suspended.

“This company lied about the levels of acid producing waste, they have breached operating permits and court orders, and now are sanctioned by the ASX for lying to investors”, said Save the Tarkine Campaign Coordinator, Scott Jordan.

“They are continually caught red handed, and a procession of Ministers have turned a blind eye. Minister Courtney should take heed of this action by the ASX and consider the question of whether Shree Minerals is a fit and proper person to operate a mine lease in Tasmania”.

The Nelson Bay River mine went into care and maintenance in 2014 after just seven months of mining.

 

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1 Comment

1 Comment

  1. William Boeder

    February 27, 2019 at 11:26 pm

    Well pursued Mr. Scott Jordan, at least you will not have pursue the integrity of this State’s leadership government, as they are unpossessed of all to do with integrity.

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