MRF- Mining Rehabilitation Fund (WA)

Link

MRF Calculator

• Overview

The Mining Rehabilitation Fund is a pooled fund that WA mining operators contribute to.

• The Mining Rehabilitation Fund Act 2012 was enacted in 20122012.
  
  
• It replaced an Unconditional Performance Bond system (that still exists on some tenure) because companies would go into liquidation and then the Government was left with the rehab bill and could not recover any money.money, Ege.g. Ellendale Diamond Mine held by Kimberley Diamond Company NLNL.
  
  

• Bonds are still imposed or retained where DMIRS considers there is high risk that a tenement holder’s rehabilitation liability may revert to the State.
  
  
• Reporting is required before 30 June each year year.
  
  
• Tenements with a Rehabilitation Liability below $50,000 are not required to make a payment into the MRF MRF.
  
  
• Exploration disturbance costs are $2000 per hec,hectare. keepIf the disturbance is kept below 25 hechectares per tenement andthen no payment is required.
  
  
• Commence Once rehabilitation of exploration andhas commenced, no payment is required required.
  
  
• Auditing of the MRF reports are done periodically.
  
  
• It is important to document previous disturbance on a tenement before commencing your own disturbance.
  
  

MRF Data Releases

• The MRF data is published on DMIRS'sthe websiteDMIRS What is the MRF web page annually, and shows shows ground disturbance as reported by the tenement holder. Released data can be downloaded from http://www.dmp.wa.gov.au/Environment/What-is-the-MRF-19522.aspx

References

• DMIRS website for the Mining Rehabilitation Fund
• DMIRS MRF Guidance Document
• 2017/18 Financial Year Annual Report
• MRF Calculator