QLD Parliament makes reforms to support mine rehabilitation

QLD Parliament makes reforms to support mine rehabilitation
Key points:
- Changes passed by Parliament establish a robust framework to minimise the financial risk to Queenslanders of rehabilitating and managing abandoned mine sites
The amendments support ongoing reforms to financial assurance and mine rehabilitation. They address some of the recommendations made in the Queensland Treasury Corporation’s Review of Queensland’s financial assurance framework (PDF, 1.5MB) released in April 2017, as well as feedback received from consultations.
The amendments include:
- increased scrutiny of the financial capability of a resource authority holder when there is a change in ownership
- increased oversight of resource sites that enter care and maintenance by requiring significant mineral mining lease holders to submit plans on their proposed activities
- broadening the government’s authorised person powers for abandoned mines and abandoned operating plant to make them safe, durable, secure and enable productive land uses.
The Act also includes the following financial assurance reforms:
- disqualification criteria for tenure applicants to strengthen the government’s ability to assess their suitability to hold tenure in Queensland
- tendering areas for a mining lease application, which will allow the targeted release of sites that have been abandoned if an opportunity to commercialise a potentially economic mineral resource exists.
These amendments will start at a future date to be confirmed.
Decipher’s Mine Closure and Rehabilitation Solution
Our solution empowers you with the data and knowledge to drive progressive mine rehabilitation
Decipher provides you with the data and insights to ensure you’re meeting your environmental obligations and compliance, but also provides the expertise and advice to have your company leading the way in progressive sustainability and rehabilitation.
Having grown out of the Industrials Division of Wesfarmers, we offer you best practice insights and lessons from the Agricultural industry as leaders in nutrition planning, creating management zones, and identifying and addressing variability which is today being used to shape mine site rehabilitation legislation and best practice approaches.
Request a demo
Want to find out more about mine rehabilitation?
- What is mine rehabilitation and closure?
- What are some key challenges facing mine rehabilitation and closure?
- How much does mine rehabilitation cost?
- What are the advancements in mine rehabilitation technology?
- What are some best practice mine rehabilitation methods?
- How to take a macro and micro approach to mine rehabilitation
- What is CRC-TiME?
- How to become an industry leader in mine rehabilitation
- Download this free Guide to Mine Rehabilitation in Australia
Don’t miss another update!