Published Project View

Orebody 31 Iron Ore Mine

Following the implementation the proposal would have the following significant residual impact:
- clearing of up to 2,500 ha of ‘good to excellent’ condition native vegetation.

10-1 In view of the significant residual impacts and risks as a result of implementation of the proposal, the proponent shall contribute funds for the clearing of ‘good to excellent’ condition native vegetation in the Hamersley and Fortescue IBRA subregions, and calculated pursuant to condition 10-2. This funding shall be provided to a government-established conservation offset fund or an alternative offset arrangement providing an equivalent outcome as determined by the Minister.

10-2 The proponent’s contribution to the initiative identified in condition 10-1 shall be paid biennially, the first payment due two years after the commencement of ground disturbance. The amount of funding will be made on the following basis in accordance with the approved Impact Reconciliation Procedure required by 10-3:
(1) $750 AUD (excluding GST) per hectare of ‘good to excellent’ condition native vegetation cleared within the development envelope (delineated in Figure 1 and defined by the geographic coordinates in Schedule 2) within the Hamersley IBRA subregion; and
(2) $1,500 AUD (excluding GST) per hectare of ‘good to excellent’ condition native vegetation cleared within the Development Envelope (delineated in Figure 1 and defined by the geographic coordinates in Schedule 2) within the Fortescue IBRA subregion.

10-3 Within twelve months of the date of this Statement, the proponent shall prepare an Impact Reconciliation Procedure to the satisfaction of the CEO.

10-4 The Impact Reconciliation Procedure required pursuant to condition 10-3 shall:
(1) require the proponent to submit spatial data identifying areas of ‘good to excellent’ condition native vegetation that has been cleared;
(2) include a methodology for calculating the amount of clearing undertaken during each biennial time period;
(3) include a methodology for calculating the amount of temporary vegetation clearing for the access road that has commenced rehabilitation within twelve months of final commissioning of the haul road;
(4) state dates for the commencement of the biennial time period and for the submission of results of the Impact Reconciliation Procedure, to the satisfaction of the CEO.

10-5 The real value of contributions described in condition 10-2 will be maintained through indexation to the Perth Consumer Price Index (CPI), with the first adjustment to be applied to the first contribution.