Mining Rehabilitation Fund
The Department of Mines and Petroleum (DMP) in Western Australia have rolled out the new Mine Rehabilitation Fund (MRF) which will replace the old environmental “bond system”. At present the MRF system is voluntary but as of the 1st July 2014 the new MRF system will become mandatory for most tenement holders in Western Australia operating on Mining Act 1978 tenure (with the exception of tenements covered by State Agreements not listed in the regulations). Tenement holders will be required to report disturbance data and contribute annually to the Fund.
The MRF calculation is based on the Rehabilitation Liability Estimate (RLE), which estimates the cost to rehabilitate the project according to standard rates set out in the MRF Regulations (dollars per hectare). The MRF system will apply the standard rates to each area of disturbance and calculate the MRF contribution. To encourage progressive rehabilitation a reduced RLE rate will apply to areas that the DMP deem have been successfully rehabilitated. The DMP have emphasized that there are penalties for failing to lodge as well as false or misleading MRF returns.
The new MRF levy moves away from the old environmental bond system which was based on “approved disturbance” areas; to a system where annual contributions are based on “actual disturbance areas”. Once onto the MRF all bonds for relevant tenements will be retired for most projects. Further information on the new MRF system and legislation can be obtained from the DMP website (http://www.dmp.wa.gov.au/15822.aspx)
AS an Industry Leading Environmental Rehabilitation Company, ERWA can assist with all of your MRF requirements. For further information please do not hesitate to contact us on 9841 5583 or email@example.com
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