REGULATION

Xstrata facing $A100 million bill to meet new environmental standards

TOUGH new Queensland environmental laws, expected to be put in place in the next few weeks, could...

MiningNews.Net

This article is 16 years old. Images might not display.

The proposed state legislation seeks to update and streamline environmental regulation for nine Queensland mine sites - including those run by Xstrata, BHP Mitsubishi Alliance, Anglo Coal and Rio Tinto - which are currently covered by special agreement acts.

The remaining Queensland mines have been subject to the stricter requirements for a number of years.

The bill, expected to be passed in three weeks' time, includes standards relating to emission levels, air quality and pollutants.

The bill does not affect any other aspects of the special agreement acts and will not affect the right to mine.

While supportive of the proposed legislation, Xstrata has reportedly indicated to the State Government it may cost up to $100 million to meet the new environmental requirements.

If made law, the legislation will be phased in over three years.

Xstrata could not be contacted before publication.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining News Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining News Intelligence team.

editions

Mining Company ESG Index: Benchmarking the Future of Sustainable Mining

The Mining Company ESG Index report provides an in-depth evaluation of ESG performance of 61 of the world's largest mining companies. Using a robust framework, it assesses each company across 9 meticulously weighted indicators within 6 essential pillars.

editions

Mining Journal Intelligence Global Leadership Report 2024: Net Zero

Gain insights into decarbonisation trends and strategies from interviews with 20+ top mining executives and experts plus an industrywide survey.

editions

Mining Journal Intelligence Project Pipeline Handbook 2024

View our 50 top mining projects, handpicked using a unique, objective selection process from a database of 450+ global assets.

editions

MiningNews.net Research Report 2024

Access a multi-pronged tool to identify critical risks and opportunities in Australia’s mining industry.