Australia OKs $1B Rio Tinto Mine, With Conditions

Law360, New York (May 16, 2013, 4:44 PM EDT) -- Rio Tinto Group on Wednesday won approval for a $1 billion bauxite mining project from Australian regulators after more than a year of delays, provided the company matches dozens of restrictions imposed by the government to safeguard marine life and the sprawling Great Barrier Reef.

Federal Environment Minister Tony Burke said in a statement that the “strict conditions” would make sure shipping activity at Rio Tinto's South of Embley project would minimize the impact of potentially damaging vessels and activities tied to the mine.

The project,...
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