Australia state to roll out new mine rehabilitation rules

Australia's Queensland state is set to unveil proposed resource regulations next week that will require miners to pay into an "insurance fund" for the remediation of old mines. The regulations, if enacted, will impact the likes of BHP Billiton , Rio Tinto and Glencore, which all have operations in the mineral-rich state. The new rules would be the most significant reform of the state's rehabilitation framework in nearly two decades, the Queensland government said.