MARKETS

Changes to the NSW Mining Act introduced to parliament

AMENDMENTS to the New South Wales Mining Act establishing the legislative framework for a new coa...

Lou Caruana

Concurrently, the Division of Resources and Energy has released the draft framework for the strategic release of coal and petroleum exploration licences and assessment leases for public exhibition.

The framework includes for limited direct allocations to existing titleholders for defined “operational works” (subject to market interest tests), and a strategic release framework for larger areas through competitive allocation.

The draft framework is a step in the in the right direction, however there are many details that still need to be developed, according to the NSW Minerals Council.

The Bills are a key part of the NSW government's response to last year's report by the chief scientist and engineer on coal seam gas, and also draw on recommendations from the recent ICAC inquiry into coal exploration licences and the examination of the land access arbitration framework by Bret Walker SC, according to legal firm Clayton Utz.

“The Bills support the Improved Management of Exploration Regulation (IMER) which was a key step in a significant overhaul of NSW exploration regulation being phased in this year, and the NSW Gas Plan, which provided the government's initial response to the chief scientist,” Clayton Utz said in a note.

TOPICS:

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Monthly Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Monthly Intelligence team.

editions

ESG Mining Company Index: Benchmarking the Future of Sustainable Mining

The ESG Mining Company Index report provides an in-depth evaluation of ESG performance of 61 of the world's largest mining companies. Using a robust framework, it assesses each company across 9 meticulously weighted indicators within 6 essential pillars.

editions

Mining Magazine Intelligence Exploration Report 2024 (feat. Opaxe data)

A comprehensive review of exploration trends and technologies, highlighting the best intercepts and discoveries and the latest initial resource estimates.

editions

Mining Magazine Intelligence Future Fleets Report 2024

The report paints a picture of the equipment landscape and includes detailed profiles of mines that are employing these fleets

editions

Mining Magazine Intelligence Digitalisation Report 2023

An in-depth review of operations that use digitalisation technology to drive improvements across all areas of mining production