RE: Preliminary proxy statement30 Aug 2023 00:38
Post again, formatting on this website can be trying at times.
Only one potential caveat as far as I can discern., page 76
In Western Australia, where Newcrest’s Telfer operation (“Telfer”) and the Havieron project, in which Newcrest holds a 70% interest, are located, the Aboriginal Cultural Heritage Act 2021 (WA) came into force in July 2023, replacing the Aboriginal Heritage Act 1972 (WA) and introducing new offenses and increased penalties aimed at better protecting Aboriginal cultural heritage in Western Australia.
On August 8, 2023, the Western Australian Premier announced that the Aboriginal Cultural Heritage Act 2021 (WA) will be completely repealed, with an amended Aboriginal Heritage Act 1972 (WA) replacing it. Further, Newcrest’s operations could inadvertently disturb protected cultural heritage assets, resulting in international scrutiny by investors and non-governmental organizations, negative impact on shareholder value, compensation and/or offset claims, increased costs to projects and operations, delays impacting construction or production or project development, court action or other legal proceedings and lasting reputational damage.
On the other side of the fence however,
https://www.claytonutz.com/knowledge/2023/august/was-aboriginal-cultural-heritage-regime-back-to-the-future-what-the-repeal-means
The new right of review for Aboriginal parties
'It is unclear how the new right of review for native title parties will impact the approvals process under the 1972 Act, and whether this could cause significant additional delays for project approvals (going through the section 18 consent process and then possibly an appeal). No statutory timeframes have been released for this review process, but provision is made for them to be prescribed in regulations. Appeals are subject to a new section 18A call-in power by the Premier if the Premier considers an application to raise issues of State or regional importance. '
One for SD to explain??