BBI GROUP — RAIL
INFRASTRUCTURE — PILBARA
258. Hon ROBIN SCOTT to the minister representing the Minister for
State Development, Jobs and Trade:
I refer to question without notice
142 answered by the minister on Tuesday, 12 March 2019.
(1) Will the
minister confirm that on 19 March 2019, Flinders Mines Ltd announced a revised
application to the Australian Securities Exchange for delisting?
(2) Will the
minister confirm that in an online article in The Australian Financial
Review on 17 March 2019 Matthew Stevens wrote that the protesting minority
shareholders ''hold that Todd and their board are emphasising the
negative with the aim to capturing a greater share of Flinders'
longer-term value''?
(3) Given the
minister has advised that the 18-month extension was granted to allow BBI Group
to finalise agreements and bank funding for the project, when will the minister
receive a progress report on the finalisation of agreements and bank funding?
Hon ALANNAH MacTIERNAN
replied:
I thank the member for the question.
The Minister for State Development, Jobs and Trade has provided the following
answer.
(1) Yes.
(2) The Premier is aware of an
online opinion piece in which Matthew Stevens makes this claim.
(3) The company
must submit proposals by 30 September 2020. The department meets regularly with
the company to discuss all matters pertaining to the state agreement and the
project. Once these matters have progressed, it is expected that the company
will advise the department and the Premier accordingly.