Mining securities

A mining security bond is held (by DPIR) for all authorised mining activities. The mining security bond will be utilised by government, if required, to prevent, minimise or rectify environmental harm caused by mining activities on or off the mining site or for completion of rehabilitation.

Mining securities are calculated based on the amount of disturbance likely to be caused by the authorised mining activities. Authorised mining activities are detailed in the approved Mining Management Plan (MMP).

SiteCurrent OperatorAuthorisation NumberSecurity AssessedSecurity Held (as at 11 Sept 2017) Comments
McArthur River MineMcArthur River Mining Pty. Ltd.0059Sept, 2015 $476,094,542Security 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.
Alcan Gove MineAlcan Gove Pty Limited0035-02Feb, 2015 $650,928,464Security 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.
Gemco MineGroote Eylandt Mining Company Proprietary Limited0126-01Nov, 2016 $100,941,092Security 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.
The Granites Gold MineNewmont Tanami Pty Ltd0086-02Jun, 2016 $38,686,910Security is based on the level of disturbance likely to be caused by the mining activities as assessed against the current MMP.
Bootu Creek Manganese ProjectOM (Manganese) Ltd0011-04Apr, 2016 $8,917,209Security is based on the level of disturbance likely to be caused by the mining activities as assessed against the current MMP.
SILL80 Roper ProjectAustralian Ilmenite Resources Pty Limited0721-01Feb, 2017 $445,795Security 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 $6,374,012Security 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 $53,250Security 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 $58,850Security is based on the level of disturbance likely to be caused by the mining activities as assessed against the current MMP.
Total
$1,282,500,124  

Note:  The department currently holds a total of $1,339,141,171 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: 12 October 2017