Back
to Top

 
  • Share this page on Facebook
  • Print this page

Rehabilitation bonds for the Latrobe Valley coal mines

The Victorian Government has responded to the final report of the reopened Hazelwood Mine Fire Inquiry recommendations, to ensure adequate provision is made for Latrobe Valley coal mine rehabilitation into the future.

What did the report recommend?

The government report recommended that the Minister for Resources should consider increasing the bonds to provide greater security to the State.

What decision was made?

In accordance with the government's report, the Minister for Resources required a further rehabilitation bond from each coal mine in a three-stage process to establish: 

  1. further bonds totalling 50 per cent of the Latrobe Valley coal mines' self-assessed rehabilitation liability, to be provided to the Victorian Government by June 2016 (completed).
  2. further bonds totalling 100 per cent of the self-assessed rehabilitation liability, to be provided to the Victorian Government by December 2016 (completed).
  3. further bonds to reflect the independently assessed rehabilitation liability in line with the new Rehabilitation Bond Policy for the Latrobe Valley Coal Mines, to be provided to the Victorian Government in June 2017 (completed).

The Minister's third and final Statement of Reasons explains the requirement for further rehabilitation bonds from the Latrobe Valley coal mines.

Learn more about the Minister's first and second Statement of Reasons for his decisions to require further bonds.

What are the next steps?

The Hazelwood Mine Fire Inquiry: Victorian Government Implementation Plan sets out the Victorian Government's actions in response to the recommendations.

A regional strategy is being developed for rehabilitation of the Latrobe Valley coal mines. This will modernise the regulation of Victoria's coal mines to ensure transparency and clarity for community and industry. A media release on Building a Healthier and Safer Latrobe Valley has further details.