Min­ers to foot re­hab costs

The Australian Mining Review - - NEWS -

MIN­ING com­pa­nies op­er­at­ing in QLD will be re­quired to fi­nan­cially con­trib­ute to re­ha­bil­i­ta­tion costs for aban­doned mines un­der leg­is­la­tion passed in the State Par­lia­ment on 14 Novem­ber.

The leg­is­la­tion re­moved tax­payer li­a­bil­ity in cases where min­ers were un­able to ful­fil fi­nan­cial and en­vi­ron­men­tal re­quire­ments at an op­er­a­tion and were forced to close.

Un­der the new laws, in­stead of a site-by-site ap­proach, com­pa­nies would be re­quired to con­trib­ute to a pool of fund­ing ear­marked for re­ha­bil­i­ta­tion should an owner be forced to close.

The leg­is­la­tion passed in spite of op­po­si­tion from the Queens­land Re­sources Coun­cil, the CFMEU and the min­ing in­dus­try.

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