The South Australian Government has released its latest version of the Rehabilitation Liability Estimation Calculator. The Calculator has been updated to reflect current industry costs, inflation adjustment and improved ability to estimate exploration rehabilitation costs.
The calculator provides a tool for mining operators and exploration licence holders to assess the potential maximum rehabilitation liability for individual mining and exploration operations, and is used to determine the value of a bond, which is set by the Minister for Energy and Mining under Section 62 of the Mining Act 1971.
The setting of a bond provides a mechanism to protect the state and community from assuming post mining rehabilitation liabilities.
A user manual is also available.
