IN BRIEF - MINING SECTOR INVESTORS AND FINANCIERS SHOULD REVIEW
THEIR EXISTING AGREEMENTS IN LIGHT OF AMENDMENTS
The Queensland Government's amendments to the
Environmental Protection Act 1994 (Qld) mean that
"related persons" of a mining company which cannot meet
its environmental obligations can be held accountable. Those who
fall under the "related persons" test should consider the
risks and impact of these changes.
QUEENSLAND NICKEL FAILURE IMPETUS FOR NEW CHAIN OF
RESPONSIBILITY LAWS
The Queensland Government is currently faced with the challenge
of meeting Queensland Nickel's rehabilitation costs, whilst
dealing with a budget deficit. The failed mining venture has left a
gaping hole in North Queensland's economy. To address this, the
Palaszczuk Government introduced new laws last year that
significantly modify the obligations of major stakeholders in the
mining industry as their focus now shifts to keeping public
reserves away from poorly managed mining
