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…
-
General22 hours agoNRL live: New Zealand Warriors face Canberra Raiders, Liam Henry, Ronaldo Mulitalo facing bans
-
Noosa News21 hours agoMarathon magic in Noosa | Noosa Today
-
Noosa News24 hours agoMore shark nets, drumlines, drones outlined in $88m government investment but legality of move questioned
-
General22 hours agoFears super tax rise for rich will whack housing market