Coca-Cola forced to reveal secret source of Mt Franklin water

Beverage giant had to say something before its spring source near Sydney became contaminated.

asx share price secret represented by woman holing hands up to ear through hole in wall

Image source: Getty Images

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

Coca-Cola Amatil Ltd (ASX: CCL) has long guarded the secret location for the source of its Mt Franklin bottled water.

But now it has been forced to reveal where "Mt Franklin" is in real life.

The beverage maker has complained to the NSW Department of Planning about potential pollution of its water source from a future nearby sand mine.

The company's group property development manager Brad McAndrew said its bores in the Southern Highlands, south of Sydney, could experience "contamination of the regional aquifer" if the project went ahead.

"The availability, consistency, reliability and quality of the water extracted from below the land is integral to our business and our customers."

McAndrew's submission showed Coca-Cola's spring water bores are located about 20km south-west of Bowral, on a property on Hanging Rock Road in Sutton Forest. 

The boundary of the future quarry is about 2km away. 

A Coca-Cola Amatil spokesperson told The Motley Fool that it had requested more information from the NSW Department of Planning.

"We have not received any communication from the department outlining the applicant's response. We look forward to receiving this when available," the spokesperson said.

"These concerns were based on the results of an independent environmental assessment of impacts on our property."

The concern is that millions of cubic metres of fill would need to be trucked in from all over NSW to fill the empty hole left in the quarry.

And that would produce a risk of contaminated soil delivered from elsewhere affecting the water quality.

Coca-Cola stated that its Sutton Forest bores had been used for 10 years and it was planning to operate them "over the long-term".

Wingecarribee Shire Council stated the aquifer was "highly productive" and used "extensively".

"43 registered bores were identified in a 2.4 km radius of the project, including 11 Industrial/irrigator users with entitlements of 457 megalitres a year."

Coca-Cola Amatil shares were down 0.73% on Monday, to close at $9.56.

Motley Fool contributor Tony Yoo has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

More on Share Market News

a person stands arms outstretched on the top of a mountain with a beautiful sunrise in the sky
Share Gainers

Here are the top 10 ASX 200 shares today

Investors sent the ASX 200 into higher uncharted territory today.

Read more »

Broker Notes

Brokers name 3 ASX shares to buy today

Here's why brokers are feeling bullish about these three shares this week.

Read more »

A happy investor sits at his desk in front of his laptop and does the mexican wave with his arms to celebrate the returns from his ASX dividend shares
Record Highs

Oops, the ASX 200 did it again! Another record high

The ASX 200 reset its record high for the third time in a week and a slew of stocks and…

Read more »

Man looking happy and excited as he looks at his mobile phone.
Share Market News

Why Ampol, Baby Bunting, Origin Energy, and South32 shares are racing higher

These shares are ending the week positively. But why?

Read more »

Woman refuelling the gas tank at fuel pump, symbolising the Ampol share price.
Broker Notes

What are Ampol shares worth following major acquisition? Macquarie issues verdict

Macquarie has amended its 12-month price target on Ampol shares after the company announced a $1.1 billion acquisition.

Read more »

Frustrated stock trader screaming while looking at mobile phone, symbolising a falling share price.
Share Fallers

Why Amcor, Centuria Office, Patriot Battery Metals, and WA1 Resources shares are falling today

These shares are ending the week in the red. But why?

Read more »

View from below of a banker jumping for joy in the CBD surrounded by high-rise office buildings.
REITs

Macquarie tips 13% upside for this ASX REIT

The REIT released its FY25 results this week.

Read more »

Rocket powering up and symbolising a rising share price.
Opinions

2 of the best ASX 200 share results so far during reporting season

These stocks have delivered some of the best reports to date, in my view.

Read more »