New bond calculator for land rehabilitation

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 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.

For more information, click here or email customer.service@dpi.vic.gov.au.

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