General
NT Government shaves $120 million off McArthur River Mine environmental security bond
The NT Government has quietly reduced the environmental rehabilitation bond for a major Top End mine by more than $100 million after controversially approving a significant expansion of the site.
Key points:
- The McArthur River Mine’s environmental security bond was reduced by $120 million
- The Environment Centre NT says taxpayers could become liable for environmental damage
- A proposal to double the size of the zinc and lead mine was approved on Thursday
Glencore’s McArthur River Mine, a lead and zinc mine near Borroloola in the Gulf of Carpentaria, now has a security bond of about $400 million instead of $520 million.
Mining and Industry Minister Nicole Manison announced approval for a doubling of the size of the project’s mine pit and waste…
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