So what are you saying? That the current 100% of rehab liability bond is reduced to 2.5% or less unless your liability is more than $450m? Or are you saying that everyone pays 100% and that those above $450m pay an added 2.5% (and can do that also by insurance)?
And, in your first post were you suggesting that where before all mines had to have either a cash bond or a bank guarantee (based on their cash in an untouchable account at the bank) but now they can instead insure it? And if they insure it does that mean they don’t need to tie up the cash thereby the Dept will either refund that cash already tied up or release it from bank guarantee and instead rely on insurance?
Or are you instead referring to the new added fees?
Do you really think the Govt, and a left wing one at that, and their Dept of Envv at that, is willing to exchange a 100% cash deposit bond (release - repay it back) to the mining company in exchange for an insurance policy?
Really?
NCZ Price at posting:
87.0¢ Sentiment: None Disclosure: Not Held