Hi Shanegoo, first I didn’t say it was right or wrong, I asked...

Hi Shanegoo, first I didn’t say it was right or wrong, I asked if anyone knew. This is the link to the official website:https://environment.des.qld.gov.au/management/env-policy-legislation/mining-rehabilitation-reforms.html

As I read it there is a change to the way current bonds are calculated (an updated FA calculator with default rates “updated”) AND a new mechanism to calculate an additional FA cost to cover costs after a company hands the lease back. That new fund will also provision for special grants to rehabilitate abandoned mines.

Yes there is a new third way to pay, insurance.

But it seems clear to me that there are new and additional costs plus updated to today’s costs involved.

That said, and factual link supplied, on what basis do you say “incorrect”?

I merely raise these questions because obviously NCZ have determined the answers so as to choose to announce as they did and as such maybe someone here knows the detail also.

Krum