When has a compensation agreement materially changed?
Comiskey family seek an updated agreement following late payment
Central Queensland Graziers Peter and Denise Comiskey have taken to the Land Court to force the negotiation of a better compensation agreement (CE) with mining minnow Futura Resources' subsidiary Fairhill Coking Coal Pty Ltd (Fairhill)
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A 2020 CE exists between Fairhill and the Comiskeys relating to the recently opened Wilton and Fairhill mines, which can produce around 3 million tonnes of hard-coking coal a year if full production is reached.
The CE included an obligation for Fairhill to pay the Comiskeys set compensation amounts on three milestone dates. However, the parties entered mediation when
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