Aborigine claim halts RTZ
Friday 08 March 1996
Reporting lower than expected profits yesterday, RTZ's chief operating officer Leon Davis said the future of the Century project in Australia may have to be reassessed. This follows last month's ruling by the Australian High Court that the Waanyi people in northern Queensland should be allowed to appeal against a federal court ruling which had rejected their claim to native title.
He said: "We will exercise our right to negotiate, but if we have to go back to square one it will result in delays and the whole Century project may have to be scaled down and re-examined."
RTZ-CRA has been in talks with the local community for more than a year and has offered the Waanyi aborigines $60m in compensation for loss of land rights over the 20-year life of the mine. Mr Davis said this was an attractive offer and "the highest ever made by a mining company in Australia".
Profits at RTZ-CRA rose 37 per cent to pounds 1.5bn before exceptional items. The figures were boosted by higher copper and aluminium prices. Iron and coal prices also improved.
The food poverty scandal that shames Britain: Nearly 1m people rely on handouts to eat – and benefit reforms may be to blame
US Navy christens huge $3 billion destroyer ship USS Zumwalt that appears as a fishing boat on enemy radar
Scottish independence: It is the English who should be on their knees, begging the Scots to vote ‘No’
Nigel Farage fatigue? Half of voters ‘immune’ to Ukip’s appeal
Nigel Farage on Have I Got News For You: Ukip leader ridiculed over expenses and party 'fruitcakes'
Nigel Farage: I’m taking on the status quo, and the Establishment’s fighting back
- 1 Poveglia: 'World's most haunted island' up for sale...is anyone brave enough to buy it?
- 2 Babies cry at night to stop mothers procreating, scientists claim
- 3 24 people applied for the 'world's toughest job', here are their interviews
- 4 Andre Johnson: Wu-Tang Clan-discovered rapper severed his penis and jumped from LA building
- 5 Mrs Doubtfire 2: Robin Williams set to star in sequel to 1993 comedy
iJobs Money & Business
£150.00 per week: QA Apprenticeships: This company has been providing on site ...
£221.25 per week: QA Apprenticeships: This company is a well established Inter...
£40000 - £50000 per annum: Harrington Starr: Client Relationship Manager - SQL...
£35000 - £50000 per annum: Pro-Recruitment Group: Take your chance to join the...