End of Mining Operations
Under the Minerals Resources (Sustainable Development) Act, 1990 (MRSDA) when a mine site is closed the licence holder must rehabilitate the land.
Is mine site rehabilitation compulsory when the mine closes? How will it be managed?
Yes, an approved mine rehabilitation plan is required for mining licence holders. On completion of mining operations, Stawell Gold Mine (SGM) is required to implement the approved rehabilitation plan.
SGM has paid a rehabilitation bond to cover the site rehabilitation costs. A rehabilitation bond is financial security guarantee provided to the government by a licence holder prior to work commencing. The rehabilitation bond is held to ensure that money is available to complete rehabilitation works if the company responsible is not able to do so.
How will local economy and property prices be impacted when the mine closes?
The Stawell Gold Mines Future Possibilities project was developed to identify viable alternative industry use for the SGM site post closure and identify ways to provide jobs and economic benefits for the local region. It was a joint initiative between the Australian Government and State Government of Victoria, with contributions from the Northern Grampians Shire and Stawell Gold Mines.Feasibility studies showed strong potential for hydroponics, agribusiness, training and research facilities and landfill for Wonga Pit.