Kokoda mining row goes to court
Alana Buckley-Carr; 26/4/08
A Perth copper and gold company, which wants to mine part of the historic Kokoda Track, will head to the courts after the Papua New Guinea Government rejected a bid to renew its exploration licence. Frontier Resources said it had already spent more than $3million on the exploration licence for the Kodu project, which the company describes as “proximal to and east of the Kokoda Track”. In a statement to the Australian Stock Exchange on Thursday, Frontier said it had not received any notification from the PNG Government that its licence renewal had been rejected. But managing director Peter McNeil said Frontier would ask the PNG courts to review the decision. He said if that legal avenue were unsuccessful, “Frontier will seek adequate compensation, including recoupment of expenditure to date plus lost potential future profit”.
See: http://www.theaustralian.news.com.au/story/0,25197,23600316-5013404,00.html
Tags: Australia, Environment, PNG, War