❓ A WA parliamentary question seeks information on BHP and Rio Tinto's downstream processing obligations under state agreements, including alternative investment obligations and their net present value. The response details the status of these obligations and investments.
AnsweredQoN 1663Legislative Assembly
QuestionView source ↗
Do any of the relevant state agreements with BHP and Rio Tinto have legacy obligations for downstream processing: (a) if yes, what are they; (b) if no, what investments did the companies make to satisfy and acquit these obligations; and (c) where companies successfully deemed these processing obligations to be uneconomic, what "alternative" investment obligations remain with the companies: (i) can the minister provide the "net present value" of these alternative obligations?
AnswerView source ↗
Answered
12 September 2017
Responded by
Minister for State Development, Jobs and Trade
Response time
9 days
The Department of Jobs, Tourism, Science and Innovation advises:
(a) BHP has met all of its downstream processing obligations under its State Agreements .
Rio Tinto has three State Agreements which have outstanding obligations for the establishment of a plant for the production of metallised agglomerates or the submission of an alternative project.
(b) BHP made the following investments to satisfy its obligations under its State Agreements:
Rio Tinto made the following investments to satisfy its obligations under its State Agreements:
(c) In relation to Rio Tinto, the company is under an obligation, unless deferred, to investigate the feasibility of establishing a metallised agglomerates plant or has the option of applying to the State Agreement Minister that an alternative project to be accepted by the State in lieu of all or some part of the Company’s obligation.
(c)(i) No.
(a) BHP has met all of its downstream processing obligations under its State Agreements .
Rio Tinto has three State Agreements which have outstanding obligations for the establishment of a plant for the production of metallised agglomerates or the submission of an alternative project.
(b) BHP made the following investments to satisfy its obligations under its State Agreements:
Rio Tinto made the following investments to satisfy its obligations under its State Agreements:
(c) In relation to Rio Tinto, the company is under an obligation, unless deferred, to investigate the feasibility of establishing a metallised agglomerates plant or has the option of applying to the State Agreement Minister that an alternative project to be accepted by the State in lieu of all or some part of the Company’s obligation.
(c)(i) No.
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