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ARTICLE · 20 AUGUST 2012

WA introduces new environmental bonds system for mine rehabilitation

Clayton Utz
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The WA Government will establish a new fund to replace the previous environmental bonds system for mine rehabilitation.

AustraliaEnergy and Natural Resources
Peter Wiese
Peter Wiese
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The WA State Government has introduced legislation (the Mining Rehabilitation Fund Bill 2012) to establish a new fund to replace the previous environmental bonds system for mine rehabilitation in Western Australia.

The new Mining Rehabilitation Fund will require operators to make annual contributions based on a percentage of their total closure liabilities, which will go into a pooled Government-administered fund. Bonds will only be retained for some high risk operations.

The Reforming Environmental Regulation program is expected to deliver greater certainty, confidence and clarity surrounding the environmental regulatory system and strengthen the enforcement capacity of the Department of Mines and Petroleum.

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