Land Rehabilitation Calculator to Cut Red Tape for Mining Industry
Source: Victoria. Minister for Energy and Resources. Media Release
"Simplified guidelines and a new bond calculator for the mining industry will cut red tape and ensure land rehabilitation works are adequately covered, Minister for Energy and Resources Peter Batchelor said. “Much like residential property tenants, the mining and extractive industry is currently required to pay a bond prior to starting mining or extraction works to cover rehabilitation works,” Mr Batchelor said.“The bond calculator not only provides a simple easy-to-use tool for industry, but also reassures communities that the cost of land rehabilitation works will be covered following mining operations.The new rehabilitation liability calculator and bond guidelines provide a simple streamlined process for companies to accurately calculate their bond requirements."