Mining companies must contribute financially to the rehabilitation of abandoned mines


14 November 2018 20:31:34

Enterprises from the Queensland resources will have to contribute financially to the rehabilitation of abandoned mines in Queensland in accordance with the new legislation adopted by the national parliament.

Instead of approaching individual locations, companies will be forced to contribute an amount to a pool of money to repair future abandoned locations if the owner loses.

So, if the new mine fails, the funds will be used to cover the cost of remediation of the site, the removal of liability from taxpayers.

Future high-risk projects must guarantee the government to cover the costs of remediation.

The interest from the $ billion bill will be used to modestly contribute to the total cost of remediation of existing abandoned mines and to some research and development.

It is estimated that the account for the current rehabilitation of the Queensland area will be billions of dollars, and the state is responsible for maintaining approximately 120 abandoned or abandoned mines.

Legislation would require that new mines be paid for areas such as gaps and waste ponds that need to be rehabilitated, but existing mines will not face the same requirements.

All mining companies will now require progressive closure and rehabilitation plans for all projects.

Deputy Prime Minister Jackie Trad said that the government went through extensive consultation with relevant stakeholders to formulate laws.

"These large-scale reforms put the right balance for the environment and the resource sector, while securing the assets of the company, not the Queensland taxpayers, to deposit an account for the rehabilitation of unsuccessful mines or stranded assets," Ms. Trad said.

"Reforms ensure that mine rehabilitation actually happens in Queensland and we do not leave abandoned abandoned ores for future generations or mines that have been in care and maintenance for decades.

Mrs Trad said that the government will not change the consent given to companies from previous political frameworks.

This includes existing mines with "management areas for non-use", which may include fires and waste rocks that do not need to be restored.

However, in the future, areas of non-use management will be approved only in very limited circumstances where it is found that they are in the public interest in an independent valuation.

As Rick Humphries said, the communities will be left to "huge coal mines and contaminated water after mining."

"The mining industry is already planning to leave 218 coal caves that will permanently leak groundwater and leave large, deep scars in the province," he said.

"We strongly pushed the government into a phase of similar laws that have been in force in the United States since the 1970s and require that all wells be completed."

The crisis speaks to avoid any retrospective elements

Queensland Resources (QRC), Ian Macfarlane, leader of the councils of the world said that the industry enjoyed the fact that legislation was not retrospective.

"For those mines operating under current environmental approvals, they would not be subject to retrospective conditions," he said.

The daily crisis talks between the QRC and the government on some of the proposed changes were facilitated last week by former Labor Minister Stephen Robertson.

"It was just an example to make sure that the words of this law are reflected [no retrospective conditions] … and get this result, "said Macfarlane.

Locking the door accused the government of having "heavily armed" the mining lobby, but the government argues that laws will never become retrospective.

Mr Macfarlane said that each company's contributions to the fund will be published.

"The amount paid by the company is calculated on the basis of their credit risk and what are their credit ratings and the size of the law on remediation," said Macfarlane.

"Industry will be left without hook"

Green MP Michael Berkman said that laws should be applied retroactively.

"What the government will propose is that every part of an existing mine in Queensland will be extracted from the hooks," Berkman said.

"They do not require any of the 200 final voids across the country that the industry is considering.

"Industry estimates that this work is about $ 20 billion, which means that the Queenslanders will be left to the account for all this work, and the industry will come down from the hooks."




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First published

14 November 2018 18:47:40

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