NT Government goes public with environmental security bonds

The Northern Territory’s Gunner Ministry is to release details of its environmental security bonds to the public in a bid for increased accountability within the territory’s mining industry.

The move is seen as an important step in making sure NT mine workers are following all environmental laws and complying with post-operation rehabilitation costs, as covered in the federal Mining Management Act.

The implementation of these new laws has met a mixed reception within the industry; Minerals Council NT executive director Drew Wagner stated he was “bitterly disappointed” with the move, and expressed his belief that figures “should remain in confidence between the Government and individual operator.”

The EPA has become intrinsically linked with NT mining activity in recent months, with operational delays brought about due to environmental concerns.

The Edna Beryl deposit, located in Tennant Creek mineral field and home to Australia’s highest-grade gold deposit (40 grams per tonne), officially opened in July 2017.

It is the first new gold site to be opened in the Tennant Creek region in 12 years, and is expected to leave a small environmental footprint on account of the brevity and small scale of the project.