Comment: The Legacy of Mining and Oil Exploration Tracks in Australia
Submitted: Monday, Oct 14, 2013 at 07:28
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Alison L1
Thanks for the interesting read and great photos. Not sure if this is something you can answer, but maybe. There must not have been a requirement for them to rehabilitate the land, or, seeing they haven't, does that mean they have not abandoned the prospect of mining there? Cheers, Alison
Reply By: Member - Stephen L (Clare SA) - Wednesday, Mar 04, 2015 at 01:22
Wednesday, Mar 04, 2015 at 01:22
Hi Alison
You have raised a very good question. I would have thought that if the site was abandoned, they would have filled in the large
water pits and removed the black plastic linings. Apart from that, all the sites were cleaned up and no rubbish left at all.
I did try to contact Rodinia in Canada, asking them for any further history or images of the construction work taking place, but I never had any reply.
One thing that I did not mention was this, and is a direct quote from one of their press releases..
Since mid-November 2011, Rodinia has served default notices on its Officer Basin joint venture partner for failure to pay its share of costs (currently in excess of $2.2 million) associated with their ongoing joint operations. This joint venture partner has responded by serving dispute notices on Rodinia pursuant to the operating agreement and their related joint operations. Additional amounts have and will be invoiced to this party, which are not yet in default. As a result, Rodinia’s total financial exposure could reach $4.0 million. The parties are about to commence a dispute resolution process and depending on the outcome thereof, Rodinia expects to have working capital of approximately $5.0 – 9.0 million at year-end 2011.
Rodinia’s ability to finance its future operations is dependent upon its ability to obtain new sources of financing and the existence of economically recoverable hydrocarbons.
Cheers
Stephen
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