Moreton Resources enters voluntary administration
THE company who had expressed interest in the proposed Kingaroy coal mine went into voluntary administration yesterday.
The Moreton Resources board of directors appointed Deloitte Financial Advisory's Grant Sparks and David Orr as administrators of the group.
An urgent assessment of the group's business and financial position will be undertaken to determine the business' future and its assets.
Mr Sparks and Mr Orr will then provide a recommendation to creditors of the group.
This comes after Moreton Resources withdrew their mining lease application for an open cut coal mine on prime farmland near Kingaroy in February 2020.
The mining company, formerly known as Cougar Energy, had held a mining development licence for the spot since February 22, 2009.
Kingaroy Concerned Citizens Group spokesman John Dalton said while the immediate threat was gone, he was concerned since there was nothing stopping another company taking up the Mineral Development Licence.
"This company at least won't be one that will ever mine here, but we're also mindful the tenement can be acquired by other companies, and that's why we need strengthened state planning laws," he said.
"Something needs to be done to prevent other companies doing to us what Moreton has done."
They have partnered with advocacy group Lock the Gate who say there is still the possibility of another mining company showing interest in the land.
"The sheer volume of public opposition to this mine shows the public expects laws that enshrine common sense in the thoughtful use of our public and natural resources, which in this case is our farmland," Mr Dalton said.
The groups are calling for fundamental changes to Queensland's Regional Planning Interests Act to protect the prime farming land.
Lock the Gate Queensland Vicki Perrin called on the Palaszczuk Government to urgently make changes to the Regional Planning Interest Act so coal and gas projects could no longer be proposed for prime agricultural land and environmentally significant areas.
"The Kingaroy community should not have to face any more uncertainty and it's time the Palaszczuk Government stepped up and permanently protected our prime farming and cropping areas," she said.
"This community, and many others like it, are tired of fighting these inappropriate developments.
"We call on Mines Minister Anthony Lynham to extinguish the remaining MDL and urgently amend regional planning laws so that mining operations are prohibited on prime farming and cropping areas."