TNG locks in native title support

TNG shares jumped almost 17% in afternoon trade as the company cleared another hurdle in its path to development of the Mount Peake vanadium-titanium iron mine in the Northern Territory by striking a critical agreement with the native title holders.

TNG locks in native title support TNG locks in native title support TNG locks in native title support TNG locks in native title support TNG locks in native title support

Paul Burton addresses native title parties at the Mount Peake meeting.

NT and Commonwealth environmental assessments were finalised earlier this year, and the support of the local representative body, the Eynewantheyne Aboriginal Corporation, clears the way for the NT government to approve a mining lease over Mt Peake.
 
The agreement with Eynewantheyne was said to be structured to ensure that employment, training and other benefits from the development of the mine will flow back to native title holders and the local community.
 
While still to be finalised, the in-principle support comes after a meeting between TNG boss Paul Burton and other senior company executives, the Central Land Council and the native title holding group at the proposed site, about 230km north of Alice Springs last week....

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