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ARTICLE · 14 NOVEMBER 2013

Implications of DRE's new Short Mining Lease Conditions (Coal) 2013

Sparke Helmore Lawyers
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This Tenements Update considers the new short Mining Lease Conditions (Coal) 2013 as they impact tenement management.

AustraliaEnergy and Natural Resources
Jennifer Anderson
Jennifer Anderson
Andrew White
Andrew White
Alan McKelvey
Alan McKelvey
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In this month's Tenements Update we consider the Department of Resource & Energy's (DRE) new short Mining Lease Conditions (Coal) 2013 (2013 Conditions) as they impact tenement management, acquisition and financing due diligence, and operations efficiency, following an announcement by the Minister for Resources and Energy on 17 October 2013.

The changes to the mining lease standards are said to be designed to achieve reduction in  duplication,  red tape and to improve regulatory outcomes. Minister Hartcher said that "these changes are about reducing unnecessary and often confusing duplication across agencies". The changes result in the number of conditions for future standard coal mining leases being reduced from 24 to nine conditions and for other future mining leases for other minerals from 23 to eight conditions.

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