Options for management of coal resources in the Latrobe Valley
In 2015, the Department of Economic Development, Jobs, Transport and Resources (DEDJTR) engaged NERA Economic Consulting (NERA) to assess the options for strategic management of the Latrobe Valley's coal resources.
As part of this assessment, NERA was asked to examine how coordination and management of the Latrobe Valley's brown coal resources could be best delivered, including looking at land use planning, rehabilitation and post-closure management of the mine voids.
NERA also considered a range of policy options to secure the rehabilitation liabilities for each of the Latrobe Valley's three brown coal mines.
In its final report, NERA recommended that a lead agency coordination model be established to formally manage coordination between government agencies for strategic resource, mining and land-use planning issues on a regional scale.
NERA concluded that the current rehabilitation bond model of a bank guarantee should be retained, subject to consideration of a risk-based method for securing rehabilitation liabilities.
NERA's final report was a key input in the development of the government's response to the findings and recommendations of the 2015/16 Hazelwood Mine Fire Inquiry and the development of the rehabilitation bond policy.
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