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Remake of Mining and Petroleum Regulations

AMEC understands that the regulations are being streamlined and expect to be involved in consultation over the next few months. AMEC has offered to be involved in the reviews and look forward to the opportunity to provide feedback, submissions and some genuine case studies to assist with streamlining the process & improving approval time.

Update on Rehabilitation Reforms

The NSW Government are currently undertaking a rehabilitation reform process  AMEC had recently provided a submission on Rehabilitation Security Deposits – Issues and Recommendations. Within this submission, AMEC has outlined 11 issues with the current security deposit framework in NSW, with the top five being:

  1. Administrative costs for industry and Government – the current system requires reassessment of the level of security on grant, before and after each exploration activity which is an onerous process and can require a change to cash or security instrument held by the Government.
  2. High-cost requirements for low-risk activities – the current security deposit framework is complex and administratively onerous.
  3. Difficulties with obtaining bonds – AMEC understands from industry members that it is increasingly difficult and costly to obtain bonds or alternatives to cash deposits.
  4. Need to ‘pay for rehabilitation twice’- The NSW Government holds the full cost of rehabilitation in security deposits, meaning that companies have to find the money to fund rehabilitation twice – once held by Government as a security and only released after satisfactory completion of rehabilitation and the other to do the actual work. This is a considerable cost imposition, especially for exploration.
  5. Locking up capital that could be invested in NSW – Currently the NSW Government holds $3.7 billion in security deposits for mineral exploration licences. If some or all these monies were released there could be a considerable increase in investment in NSW exploration.

AMEC will continue to seek updates on the reforms and seek to provide consultation wherever possible.

AMEC team heading to Orange

The AMEC team are looking forward to visiting members in Orange during May. AMEC CEO Warren Pearce and NSW Director Kerry Atkins will be heading to Orange mid-May.  

AMEC Sponsorship – AusIMM Women in Mining Mentoring Program

AMEC are pleased to advise the sponsorship of Katharine Flower-Donaldson, a Graduate Chemist from ANSTO, as a mentee in the 2024 Women in Mining program. Katharine is shown below right at the launch event, with NSW Director Kerry Atkins, who is participating in the program as a mentor. Congratulations Katharine!

NSW Pitch ‘N’ Pizza – Investor Briefing May 6 Sydney

AMEC is pleased to announce our second Pitch ‘N’ Pizza investor briefing event. Showcasing AMEC member’s projects to an audience of select investors on the East Coast.

Our exclusive Investor Pre Event to the Sydney Resources Roundup, on 6 May, is co-hosted by AMEC and Tau Media, endorsed by the ASX and RIU Sydney Resources Roundup.

Pitch ‘N’ Pizza features concise 7-minute pitch presentations from 7 confirmed corporates to an audience of exclusively invited brokers/funds and retail investors. Enjoy refreshments, pizza and entertaining pitches on the scenic Rooftop Sydney.

This event is proudly sponsored by MST Access, our Sydney event media partner Small Caps and production partner Figure Eight.