Dave McCabe, Wilga Park, Miles (at front); Darryl Bishop, Midabri, Miles; and Trevor Draper, Sunset, Chinchilla, called on the new owners of Cambey Downs coal mine to be more transparent in dealing with landholders.
AN emerging player in the Queensland mining boom believes landholders have "unrealistic expectations" about potential compensation payouts.
Yancoal's Cambey Downs mine acting general manager, Ian Vary, said landholders needed to take into account the "realistic economics" of mining projects and not view a compensation payout as a potential "windfall."
Mr Vary has met with individual landholders between Chinchilla and Miles since Yancoal, a unit of China's fourth largest coal producer, Yanzhou Coal Mining, bought the Cameby thermal coalmine, near Chinchilla, from Goldmen Sach's Syntech Resources for $202.5 million in August.
Syntech's earlier letters to landholders had said the company planned to buy properties from June 2011, but Yancoal has said some land buyouts could be more than a decade away.
Up to 60 landholders are expected to be affected during the 40-year mining project.
Read More
QCL
No comments:
Post a Comment