Recent amendments to the Mining Regulation 2016 introduced new mining lease conditions relating to rehabilitation that sets clear, achievable, and enforceable requirements. These additional items have been added to the tool to improve the granularity of calculations and to account for the range of rehabilitation methodologies that may be adopted for various exploration and mining scenarios. A key outcome being that the number of line items have been increased to 236 from 172 line items listed in the current tool. The benchmark review process involved sourcing rates from a range of sources including earthworks contractors, demolition contractors, mine sites and specialist consultants.Īs a result of the review, the rehabilitation cost estimate tool has been updated to reflect revisions to specific rates as well as to include new rehabilitation line items. In 2021 the Resources Regulator engaged a specialist consultancy firm to undertake a benchmark review of the rehabilitation cost estimate tool. The Resources Regulator undertakes regular reviews of the rehabilitation cost estimate tool to ensure it remains accurate and reflective of third party costs should the security deposit be required in the unlikely event of default by a titleholder. A Rehabilitation cost estimation tool (XLSM, 3.28 MB) and Rehabilitation cost estimation tool handbook (PDF, 5.05 MB) is available to assist in calculating the security deposit for a site.Īn updated RCE Tool for improved accuracy is available now
The amount must be consistent with the stage of the exploration project or mine. The title holder is required to provide an estimate of rehabilitation costs for consideration by the Regulator when determining the security deposit amount. Further details are provided in our Policy: Rehabilitation security deposits (PDF, 182.29 KB)and Guideline: Rehabilitation cost estimate. This requirement ensures that the NSW Government does not incur financial liabilities in the event of a title holder defaulting on their rehabilitation obligations.
HASH CALCULATOR BURST FULL
The NSW Resources Regulator is responsible for regulating rehabilitation under the Mining Act 1992 and the conditions of the relevant mining lease to ensure that land disturbed by exploration and mining activities is returned to a safe, stable and sustainable land use.Īs part of the regulatory framework for rehabilitation, all exploration and mining title holders are required to lodge a security deposit with the department that covers the full rehabilitation costs.
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