News · Minerals

Parliament presses Mining Commission on mine closure guarantees

Parliament heard on 5 November 2026 that only 2 of 84 large and medium mines had given a mine closure guarantee, and pressed the Mining Commission for tougher rules. The Mining Act requires a closure plan, and the Minister may require a rehabilitation bond.

Reported · Source: The Respondent Online · Read by the Fursa365 desk

An electric shovel loading a haul truck at the mine face
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Why it matters

A partner or investor in a mining listing should check the licence holder's closure plan and any guarantee as part of its own due diligence. The cost of closure sits with the holder and affects any deal price.

What to do on Fursa365

  • Ask a mining licence holder for its approved closure plan and the status of any guarantee before you sign.
  • Build closure costs into a joint venture or offtake price; the holder carries the obligation.
  • Open a deal round when several licensed buyers or partners want the same site.
About this item

Summarised by the Fursa365 desk from the source linked above, as reported on 5 Nov 2026. Figures are the source's. Nothing here is legal, tax or investment advice; confirm current rules with the authority named and your own advocate.

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