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The Chinese mining company wishing to explore parts of Perth’s suburbs for gold and other minerals has withdrawn its application.
The development follows a statement by WA mines minister Norman Moore that the company had “buckley’s chance” of gaining approval unless it could propose a project “worth trillions of dollars”.
The company, HD Mining and Investment, was a subsidiary of the Chinese Government owned Shandong Provincial Bureau of Geology.
It said it had made the application based on historical data that suggested there might be gold deposits under the city.
The miner’s lease covered 150sqkm of Perth, including two national parks, the Swan River, Crown-owned land of Perth Airport, and dozens of residential suburbs.
HD Mining and Investment originally applied for the license on 5 December 2011.