Mining Remediation Fund
In the Northern Territory (NT), all mining operators must pay a security.
To fund projects that address the legacy mines liability, operators must also pay an annual levy.
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:
- minimise or rectify environmental harm caused by legacy mines
- address risks from legacy mining to minimise the liability to the NT.
Decision-making process
The government follows a risk-based prioritisation approach for decision-making.
They consider the following principles:
- 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 and other ways they are working to minimise safety risks and environmental impacts, read the legacy mines policy and strategic plan on the Department of Industry, Tourism and Trade website.
Contact
For more information, email lmu.ditt@nt.gov.au