abc.net.au/news/nt-era-requests-emergency-funding-ranger-uranium-mine/101611524The cash-strapped mining company responsible for rehabilitating the uranium mine site in Kakadu National Park has been granted access to almost $60 million from its security bond held by the federal government.
It's been estimated rehabilitation of the contaminated site and all infrastructure on it could cost more than $2.2 billion.agreed to loan $100 million to ERA to help cover clean up costsIn an announcement to the ASX, ERA said it had been approved for an interim payment from the Ranger Rehabilitation Trust Fund, which holds $537 million.
The application, which was approved by Minister for Resources and Northern Australia Madeleine King, related to rehabilitation activities completed during an 18 month period from January 2021 and June 2022.
When you pay no tax and all your friends are politicians.
Bullshit. Take it out of their owners and shareholders pockets. Not ours.
Amazing after all the money they make that they need tax payers to clean up their mess
How about emergency arrests instead of emergency funds?
Don't worry, i'm sure the execs got their bonuses while they trashed the place
So there's $537,000,000 held to rehabilitate the mine & the estimate is that it could cost $2,200,000,000 for the rehabilitation? Sounds very much like corporatised profits/socialised losses *yet again*.
Legislation with prison sentences and large personal and corporate fine penalties, should be in place for mining companies to fund their own clean up after cessation of mining. It is not the taxpayer's job to subsidize business costs, and cleanup is a business cost.