ntg-mono

Mining security and levy

You must pay a security as a condition of a mining authorisation.

The purpose of the security is to:

  • ensure that the operator follows the conditions stated in the authorisation
  • provide funds to deal with any necessary actions to prevent, reduce, or fix environmental damage caused by mining activities
  • pay for the costs and expenses associated to complete rehabilitation of the mining site.

The department sets the size of the security to reflect the potential cost of rehabilitating the mining site.

If you can demonstrate successful rehabilitation on your mining site, you may request the refund of some of your security.

To see the amount of mining security held for different mining projects, see securities held for mining sites.

How to calculate securities

To understand how securities are calculated, read the guide.

Security calculation procedure guide DOCX (58.6 KB)
Security calculation procedure guide PDF (582.3 KB)

To calculate securities for your project type, use the following spreadsheet-based tools:

How to pay securities

You can pay the security by cheque, money order, direct debit, credit card or bank guarantee.

To pay by cheque or money order, you must make it payable to the Receiver of Territory Monies (RTM) and post it to:

Department of Industry, Tourism and Trade
GPO Box 4550
Darwin NT 0801

For direct debit, use the authorisation reference number as the transaction reference and send to:

Account name: Department of Industry, Tourism and Trade
Financial institution: National Australia Bank
Branch number (BSB): 085 933
Account number: 187 960 924

Other types of payment can be made in person from 8am to 4pm, Monday to Friday at:

Mineral Titles front counter
Level 5 Paspalis Centrepoint building
48-50 Smith Street (Corner of Knuckey Street and Smith Street Mall)
Darwin NT 0800

Bank guarantees

A bank guarantee must:

  • be provided by an Australian bank
  • be made out to the Minister for Mining and Industry
  • have no expiry date
  • refer to the mining authorisation number as advised by the department.

Do not include titles or project names on the guarantee.

You must also provide proof the guarantee has been signed by an authorised officer of the financial institution and that they have authority to issue the type, form and amount of security.

You can post or present in person your bank guarantee using the details above.

Reference number

All payments must quote the authorisation reference number provided by the department to make sure the payment is recorded against your authorisation.

Annual levy

Mining operators must pay an annual levy to fund work to address the environmental impacts left by mines that were not adequately rehabilitated in the past.

The non-refundable levy is equivalent to 1% of the total amount of the security held on 1 July each year for each site authorised under the Mining Management Act 2001.

How the levy works

The levy is calculated on the amount of the security held for each mine site at 1 July each year.

The amount of the levy will not change during the 12 month period even if the security increases.

What the money is used for

The levy funds go into the Mining Remediation Fund (MRF) to rectify or minimise the environmental impacts of mining sites that were inadequately rehabilitated before mining securities were introduced in 2005, or were otherwise unfunded.

The levy also funds the department's Legacy Mines Unit to undertake remediation work.

For more information, read about legacy mines and the MRF.

Applications and processes