MRF calculator is available now on the DMP website
|Date:||Tuesday, 12 May 2015|
New online tool will assist tenement holder estimate rehabilitation liability and MRF levy payable
Tenement holders can now estimate their rehabilitation liability thanks to a new online calculator available on the Department of Mines and Petroleum’s (DMP) website.
DMP Executive Director Environment Dr Phil Gorey said the calculator estimates the rehabilitation liability estimate (RLE) and Mining Rehabilitation Fund (MRF) levy payable on disturbed mining tenements.
“The idea of an online calculator came from tenement holders in response to DMP’s request in late 2014 for suggestions on how to simplify the annual reporting obligations for the Mining Rehabilitation Fund,” Dr Gorey said.
“The calculator provides a liability estimate based on the level and type of disturbance and amount of rehabilitation that has been conducted on a tenement.
“This new tool shows tenement holders how much rehabilitation will save and how much they might reduce levy payments once areas of rehabilitation are completed.
“As the MRF levy is only calculated on disturbed areas of a tenement, the best way to reduce your future levy payments is through progressive rehabilitation.
“The new calculator should also assist with the purchase and transfer of liabilities and assets.”
The calculator allows tenement holders to enter individual activity types, for example roads or tailings storage facilities, or combine multiple activities into a single Mine Activity Type.
Tenement holders who use the new calculator must still submit their annual MRF disturbance report.
“The calculator does not enter data into an MRF report; it is only intended to be used for illustrative purposes,” Dr Gorey said.
“The liability estimate provided is intended to be indicative only and the reliability of its results depends on the accuracy of the disturbance information that’s entered.”
The calculator can be accessed via the MRF page on the DMP website.