MINING giant Rio Tinto said it would be too costly to reduce the final void an expanded Mount Thorley-Warkworth mine would leave behind, despite criticisms from independent reviewers that the giant hole would be a sixth the size of Sydney’s Centennial Park.
‘Rio Tinto has told the government property values in Bulga won’t be affected by its Mount Thorley-Warkworth expansion, and it is only obliged to buy one property three kilometres north of the village under government rules for compulsory acquisitions.”
We can ask: HOW COULD THEY SAY THAT WHEN THE PROPERTY VALUES IN BULGA HAVE BEEN AFFECTED ALREADY?Obviously, this is another area of the government regulation that is failing local residents. Once again, damaging the property values of the mine neighbours is also fine. It is an “externality” and not a part of the mining costs. No wonder that the coal is considered “cheap”.