Your New Neighbours ???

Details

Published: Friday, 12 August 2016 15:28

The People’s Republic of China (PRC)

Yankuang Resources is a Chinese state-owned company from the People’s Republic of China and today they moved one step closer to becoming sole 100% owners of both the Felicitas and Fortuna resources, along with all other tenements owned by the soon to be terminated Bauxite Alumina Joint Ventures (BAJV)

BAJV is a joint venture between Yankuang Resources and Bauxite Resource Limited (BRL).

The community members of Morangup, Wooroloo and Wundowie first heard about the proposals to open cut mine for bauxite, when the Editor of the Toodyay Herald, Michael Sinclair-Jones, first broke the story in the July edition of the Herald back in 2014.

Mr Sinclair-Jones highlighted that the Felicitas resource had been included in the Toodyay Shire’s DRAFT Economic Development Plan (EDP), which was later adopted.

Some people in these communities have been of the opinion that the proposals to mine bauxite here would never get off the ground and given the JV looks set to be terminated and BRL are selling out to Yankuang, we have to say that under the current management, they may have been right.

However, when the PRC become 100% owners of not only the Felicitas resource, but the 100% BRL owned Fortuna resource and all tenement owned by BAJV. That may be all about to change.

AHMAG are of the opinion that the threat to the Darling Range, the Perth Hills, the Avon valley national park, the Moondyne nature reserve, the Morangup timber reserve and the Avon valley has been heightened in light of the current plans for the 100% sale to the PRC.

While there were issues with the JV over funding to proceed with the Felicitas resource and funding to move forward with a bankable feasibility study (BFS) to build a refinery somewhere in the region, it seems we may have been relatively safe. That was until now.

We all need to ask ourselves, what type of legacy do we want to leave to our children and our grandchildren?

Do we want clean air, uncontaminated rain water, beautiful night skies, peace & quiet, to be surrounded by our amazing healthy environment and the flora and fauna that we share our lives with, a good supply of unpolluted ground water and good steady growth for our property values?

Isn’t that why we all bought here?

Or do we want to live next to a 24/7 mining operation that will destroy it all?

The choice is Ours, NOT theirs!

“Together We Will Be Heard”

AHMAG.

Click here to read the latest ASX announcement on HotCopper. Press Download Document and then Open to read.