FIU were obligated to inform shareholders of this situation wheter or not it was credible, based on everything I have been able to read regarding this fringe group and their litigation records, they are nothing more than a bunch of left wing tree huggers. Read their web site, Capitalist this Capitalist that, industry is bad, sicialism is good Marxist even better...
Check it out for yourself... Google FSE
MWS WATER LICENCE
MWS's Integrated Water Use Licence ("Water Use Licence") was issued in June 2010 by the South African Department of Water Affairs ("DWA") for the water uses associated with the development of its new tailings facility, or TSF.
An appeal was filed by the Federation for a Sustainable Environment ("FSE") with the South African Water Tribunal against MWS's Water Use Licence. The South African National Water Act allows appeals against the grant of a Water Use Licence provided the appellant has fulfilled certain conditions: notably lodging a valid objection within a specific period of time.
After consulting with external legal counsel, the Company is of the view that the appeal is not legally valid and therefore does not suspend the duly granted, existing Water Use Licence.
Mr van der Mescht commented, "Additionally, we have continued to try to engage with the FSE to explain the project's strong environmental credentials".
The TSF makes it possible, over the life of the MWS project, to remove 15 old tailings dams in the Stilfontein area that are currently a major source of air and water pollution. The retreatment of these historical dumps will reduce the salt load on the Vaal River by up to 50% compared to current levels. Gold and uranium content will be reduced by more than 50% and 25%, respectively. Removal of these metals and other sources of pollution will improve the quality of the groundwater, while rehabilitation of the associated footprint areas will realize land that can be utilized for alternative sustainable development initiatives such as housing, industrial development and grazing.