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).

SiteCurrent OperatorAuthorisation NumberSecurity AssessedSecurity Held (as at 31 August 2019)Comments
Alcan Gove MineAlcan Gove Pty Limited0035-02Feb, 2015$650,928,464.00Security 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 ProjectOM (Manganese) Ltd0011-04May, 2019$11,888,918.00Security is based on the level of disturbance likely to be caused by the mining activities as assessed against the current MMP.
Cosmo ProjectNT Mining Operations Pty Ltd0546-03Nov, 2015$6,375,921.00Security is based on the level of disturbance likely to be caused by the mining activities as assessed against the current MMP.
Dhupuma Plateau Bauxite MineGulkula Mining Company Pty Ltd0929-01Apr, 2017$58,850.00Security is based on the level of disturbance likely to be caused by the mining activities as assessed against the current MMP.
Edna Beryl MineEdna Berryl Mining Company Pty Ltd0880-01June, 2016$53,250.00Security is based on the level of disturbance likely to be caused by the mining activities as assessed against the current MMP.
Gemco MineGroote Eylandt Mining Company Proprietary Limited0126-01Nov, 2016$100,941,092.00Security 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 MineMcArthur River Mining Pty. Ltd.0059Aug, 2019$519,728,466.00Security 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 ProjectAustralian Ilmenite Resources Pty Limited0721-01May, 2019$818,389.00Security is based on the level of disturbance likely to be caused by the mining activities as assessed against the current MMP.
The Granites Gold MineNewmont Tanami Pty Ltd0086-02Jun, 2016$38,686,910.00Security is based on the level of disturbance likely to be caused by the mining activities as assessed against the current MMP.
Total  $1,329,480,260.00 

Note: The Department currently holds a total of $1,386,720,592.53 in mining securities (31 August 2019). 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: 13 August 2019

Last updated: 20 September 2019

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