Mining securities

All mining activities Authorised (licenced) under the Mining Management Act are required to lodge a security with the Department of Primary Industry and Resources. The purpose of the security is for the payment of costs if action needs to be taken by the government to prevent, minimise or rectify environmental harm caused by mining activities on or off the mining site or for completion of rehabilitation. The amount of security is based on the amount of disturbance likely to be caused by the mining activities carried out under the Authorisation, subject to the approved Mining Management Plan (MMP).

Site Current Operator Authorisation Number Security Assessed Security Held (as at 14 Dec 2017)Comments
Alcan Gove Mine Alcan Gove Pty Limited 0035-02 Feb, 2015 $650,928,464 Security has been discounted for infrastructure, which is currently owned by the Operator and is likely to be retained post closure of the mine. For example, airport and port.
Bootu Creek Manganese Project OM (Manganese) Ltd 0011-04 Apr, 2016 $8,917,209 Security is based on the level of disturbance likely to be caused by the mining activities as assessed against the current MMP.
Cosmo Project NT Mining Operations Pty Ltd 0546-03 Nov, 2015 $6,374,012 Security is based on the level of disturbance likely to be caused by the mining activities as assessed against the current MMP.
Dhupuma Plateau Bauxite Mine Gulkula Mining Company Pty Ltd 0929-01 Apr, 2017 $58,850 Security is based on the level of disturbance likely to be caused by the mining activities as assessed against the current MMP.
Edna Beryl Mine Edna Berryl Mining Company Pty Ltd 0880-01 June, 2016 $53,250 Security is based on the level of disturbance likely to be caused by the mining activities as assessed against the current MMP.
Gemco Mine Groote Eylandt Mining Company Proprietary Limited 0126-01 Nov, 2016 $100,941,092 Security has been discounted for infrastructure, which is currently owned by the Operator and is likely to be retained post  closure of the mine. For example, airport and port.
McArthur River Mine McArthur River Mining Pty. Ltd. 0059 Sept, 2017 $477,997,771 Security held is consistent with the current approved MMP. Security will be revised should the current Environmental Impact Assessment  process recommend mine expansion and the Minister authorises the mine expansion.
SILL80 Roper Project Australian Ilmenite Resources Pty Limited 0721-01 Feb, 2017 $445,795 Security is based on the level of disturbance likely to be caused by the mining activities as assessed against the current MMP.
The Granites Gold Mine Newmont Tanami Pty Ltd 0086-02 Jun, 2016 $38,686,910 Security is based on the level of disturbance likely to be caused by the mining activities as assessed against the current MMP.
Total   $1,284,403,353 

Note:  The Department currently holds a total of $1,339,018,830 in mining securities.

Securities held against individual mining Authorisations can be obtained on written application addressed to the Manager Mining Register by emailing mineral.info@nt.gov.au.

Last updated: 27 March 2018