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Wednesday, 16 August 1989
Page: 210

(Question No. 994)

Senator Boswell asked the Minister representing the Minister for the Arts, Tourism and Territories, upon notice, on 23 May 1989.

(1) With regard to the assessment of mining proposals for Christmas Island, why did Mr Yeomans, although under no legal obligation to do so, not explore the matter of royalties with Century Metals and Mining.

Senator Richardson —The Minister for the Arts, Tourism and Territories has provided the following answer to the honourable senator's question:

(1) All parties expressing an interest in acquiring the mining assets of PMCI and recommencing mining operations, including Century Metals and Mining, were given a full opportunity to put their proposals to the Liquidator. The Liquidator regarded his initial task as being to assess the proposals for the purpose of determining with whom he should negotiate and to advise the Minister on the matter. The Liquidator has advised that as the Century proposal was, on the basis of the material submitted, not the best proposal, negotiations with Century on any aspect of its proposal did not arise.