Mining Remediation Fund
In the Northern Territory (NT), all mining operators must pay a security.
Operators must also pay an annual levy to fund projects that address the legacy mines liability,
The levy is 1% of the security and is non-refundable.
The levy is used to support the Mining Remediation Fund (MRF).
What the fund is for
The NT Government manages the MRF and uses it to address the impacts of legacy mines.
The MRF holds money in trust to be used by the government to:
- investigate and carry out assessments to check the type and severity of environmental harm
- minimise or rectify environmental harm caused by legacy mines
- reduce risks to public safety from legacy mines.
Decision-making process
The government makes decisions in line with the legacy mines strategic plan and policy.
A risk-based prioritisation approach is followed for decision-making.
The following principles are considered:
- protect the public and the environment from legacy mine impacts
- use a risk-based approach with robust data and scientific integrity
- engage relevant stakeholders and affected communities, exploring partnerships
- provide value and benefits for the entire Territory
- ensure strong governance and transparency in decisions.
To find out about how government makes these decisions, read the legacy mines policy and strategic plan on the Department of Industry, Tourism and Trade website.
Annual statements
Each year the government publishes an annual statement outlining:
- the expenditure from the fund, and the work that was undertaken to minimise:
- safety risks and
- environmental impacts from legacy mines.
- proposed works that are planned for the coming year.
Read the annual statements on the Department of Industry, Tourism and Trade website.
Contact
For more information, email legacy.mines@nt.gov.au.