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.
- 1 Is Gideon Levy the most hated man in Israel or just the most heroic?
- 2 Students offered grants if they tweet pro-Israeli propaganda
- 3 Satellite full of sexually experimental geckos adrift in space, Russia loses control of mission
- 4 Exclusive: Cameron’s Big Society in tatters as charity watchdog launches investigation into claims of Government funding misuse
- 5 Israel has discovered that it's no longer so easy to get away with murder in the age of social media
MH17 crash: Investigators discover more human remains and 'huge section of plane'
Susan Sarandon on David Bowie romance: 'He's worth idolising'
Students offered grants if they tweet pro-Israeli propaganda
A day in the life of Vladimir Putin: The dictator in his labyrinth
Exclusive: Cameron’s Big Society in tatters as charity watchdog launches investigation into claims of Government funding misuse
The 'scroungers’ fight back: The welfare claimants battling to alter stereotypes
Arizona execution lasts two hours as killer Joseph Wood left 'snorting and gasping' for air
Malaysia Airlines MH17 crash: Ukrainian military jet was flying close to passenger plane before it was shot down, says Russian officer
Malaysia Airlines MH17 crash: Massive rise in sale of British arms to Russia
Malaysia Airlines MH17 crash: victims’ bodies bundled in black bags and loaded onto trains
John Barrowman praised for Commonwealth Games opening ceremony gay kiss
iJobs Money & Business
£600 - £650 per day: Orgtel: Conduct Risk Liaison Manager - Banking - London -...
£18000 - £23000 per annum + Comission: SThree: SThree, International Recruitme...
£280 - £300 per day + competitive: Orgtel: Test Analyst, Edinburgh, Credit Ris...
£20000 - £25000 per annum + OTE £40,000: SThree: SThree Group have been well e...