Published Project View

Eastern Ridge Iron Ore Revised Proposal

Clearing of up to 1910 ha of native vegetation in ‘good to excellent’ condition

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 IBRA subregion, 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 issue of this Statement. The amount of funding will be $750 AUD (excluding GST) per hectare of ‘Good to Excellent’ condition native vegetation cleared within the Eastern Ridge Development Envelope (delineated in Figure 1 and defined by the geographic coordinates in Schedule 2) within the Hamersley IBRA subregion.

10-3 The 1,910 ha of clearing for the Orebody 25 Extension Project and the Orebody 24/25 Upgrade Project approved under Ministerial Statements 712 and 834 is exempt from the requirement to offset under condition 10-2.

10-4 Within twelve months of the date of this Statement, the proponent shall prepare an Impact Reconciliation Procedure to the satisfaction of the CEO.

10-5 The Impact Reconciliation Procedure required pursuant to condition 10-4 shall:
(1) include a methodology to identify clearing of ‘Good to Excellent’ condition native vegetation in the Hamersley IBRA subregion;
(2) require the proponent to submit spatial data identifying areas of ‘Good to Excellent’ condition native vegetation that has been cleared;
(3) include a methodology for calculating the amount of clearing undertaken during each biennial time period; and
(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.

10-6 The proponent shall implement the Impact Reconciliation Procedure required by condition 10-4.

10-7 The real value of contributions described in condition 10-2 will be maintained through indexation to the Perth Consumer Price Index, with the first adjustment to be applied to the first contribution.