Tasmanian Government Revokes Hellyer Mine License

0:00The Tasmanian government's moving to revoke the operating license for the hellier mine in the northwest after warnings it was allegedly used for Money laundering under previous owners those owners had ties to organized crime including a patched member of the lone wolf biker gang The mine which digs for lead zinc gold and silver got hit with a cease-wark order last November over compliance problems But reopened weeks later earlier this year the current team tried restructuring under a new company called celestial pacific while liquidating the old one But a court froze that admitted dispute with rival goss hawk mining similar claims popped up in Supreme Court docs from that sour deal Opposition figures like shadow resources Minister shame broad are demanding answers calling the allegations super serious and questioning how much Resources minister Felix Ellis knew when he issued that shutdown They want a full probe to protect the mine's future without tanking investments or the up to 80 jobs on the line

1:02Meanwhile rival players are circling with veteran exec Joe Gutnik saying his syndicates keen on buying if conditions line up right The gold and polymetallics in the area Government reps say any process is statutory and urge tips to authorities All this hangs in the balance for hellier a spot that's proven viable when funded properly But one wrong move could wipe out jobs and value across the board That's the story for today Sydney news today driven by AI. I'm Cory with the story