As the Minister for Mines and Petroleum, Bill Johnston has called on the Federal Government to ensure the parent companies of mines and their directors remain responsible for the clean-up of mines after they close.
Mr Johnston made the call in a submission to a Senate review of Commonwealth responsibilities in relation to the rehabilitation of resource projects, recommending changes to the Corporations Act to ensure “rogue” operators cannot offload the cost of cleaning up closed mines on to the taxpayer.
The submission recommends a range of alternatives to fix a potentially serious gap in Federal and State legislation that could allow fly-by-night miners to walk away from their responsibilities when they are done.
Either parent companies, or their directors, should retain liability for the assets of subsidiaries in the case of mine closure, or the State Government should be allowed to claim creditor status to cover clean-up costs, the submission says.
You can read the full article from the Pilbara News here.