Gov’t working on policy for mining environmental bonds
THE Ministry of Mines, Energy and Rural Electrification (MMERE) is developing a policy that will require mining companies to pay an Environmental Bond before commencing operations. This move comes after it was revealed that the current Mines and Minerals Act 1990, Mines and Minerals Regulations 1996, and Environmental Act contain no specific provisions requiring such a bond. Minister for Mines, Derrick Manuarii, confirmed this…