THE Victorian Government has released a new bond calculator for the mining industry that is aimed at cutting red tape while ensuring land rehabilitation works are adequately covered.
The use of the bond calculator will become a requirement for companies submitting rehabilitation liability assessments from the start of the 2008-09 financial year.
The bond calculator provides a series of workbooks which each represent a typical type of mining or extractive operation.
The workbooks provide cost calculation worksheets with default rehabilitation rates for various activities.
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