The Raising of Equity Finance to Support Mine Development or Expansion

The word `environment' may have many different meanings but, for the purposes of this paper, I have assumed the definition included in the Environmental Protection Act 1986 (Western Australia). This Act defines `environment' as `... living things, their physical, biological and social surroundings, and interactions between all of these'. The Act further defines the `social surroundings of man' as `... his aesthetic, cultural, economic and social surroundings to the extent that those surroundings directly affect or are affected by his physical or biological surroundings'. This gives a very broad meaning to the idea of environment and environmental issues, and it is therefore understandable that the influence that environmental issues have on mining activity can vary so much from state to state, and even within states, and why the degree of influence can change so much with time.