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2. Apart from rehabilitating abandoned mine sites, the Department would like to consider what the best policy is to encourage mining companies to rehabilitate their

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2. Apart from rehabilitating abandoned mine sites, the Department would like to consider what the best policy is to encourage mining companies to rehabilitate their sites to avoid have to make more funds available for the NSW LM P. It also needs particular advice about a small mineral ore mining operation, Wongalee Inc. in the Hunter Valley region of NSW that is mid-way through the approval process for operation. Using the online bond calculator tool the company has calculated an environmental bond value of $5m to be posted in full at the beginning of operations. The local farming community is concerned about the poor environmental track record of Wongalee Inc and claim that there is ample historical evidence that the mechanism of a bond is inadequate. Further, they argue that the bond is undervalued in terms of the real potential cost of the damage. This sentiment is echoed by local indigenous groups who argue that in cultural terms the undisturbed land is in fact not possible to value

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