FREEDOM of information documents and corporate statements to the Australian Securities Exchange reveal the Queensland government granted Terracom $32 million from an $80 million rehabilitation cash bond despite departmental concerns and rehabilitation failures, according to Lock the Gate Alliance.
Terracom is also aiming to rehabilitate nearly 100 hectares for the 2019-20 financial year, which is a combination of historical areas and active mining works.
In 2016, Terracom bought the Blair Athol coal mine from Rio Tinto for $1, and the Queensland government required Rio Tinto to make an $80 million cash bond deposit to the government to cover rehabilitation...
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