The ProjectLighthouse Project 2 (LHP 2): The development and application of a multi criteria Post Mining Land Use (PMLU) business case assessmentUnder the Queensland State Government's Regional Economic Futures Fund enviroMETS has been awarded the opportunity to develop an innovative business case methodology to provide a repeatable, reliable and comparable assessment of various post-mining land use options. It is to be used to assess PMLU options for sites at various points in the mine life cycle, from feasibility planning through operations, to the cease of extraction and beyond. Including the assessment of options for rehabilitation of abandoned mine land. To deliver the project enviroMETS will be drawing on our ecosystem of registered contributing participants who are subject matter experts in each of the components of net best value to be quantified in the project. CRC TiME has been nominated as our Lead Research Partner. The TeamenviroMETS (Qld) is accountable for the project delivery, through its Executive Director (Allan Morton). A project management team has been appointed composing of Project Leader (Dr Ian Dover), Project Manager (Joe Ippolito), Commercial Manager (Mark Johannessen), and our Lead Research Partner, CRC TiME (Dr Bryan Maybee). The ObjectiveThe development and application of a multi criteria Post Mining Land Use (PMLU) business case assessment tool applied across nominated REFF regions; these being North-West, Greater Whitsunday and Central Highlands. Project BackgroundMining remains a critically important economic contributor to Queensland. Over the coming decade, many mines within the REFF regions will be approaching end-of-life, an event that significantly impacts regional communities in terms of employment and other economic and social benefits. The impacts of these end-of-life events can be mitigated or avoided altogether if viable alternative high value productive Post Mining Land Use (PMLU) options - other than the traditional return-to-grazing or nature are identified and evaluated for implementation. EnviroMETS Queensland (eMQ) is an independent, industry led, not-for-profit, company established with a mission to find innovative and sustainable new ways to make mining impacted land more valuable to its current, and future custodians. To support the organisation’s vision, eMQ has initiated the three stage Lighthouse Project. A critical precursor stage of work Lighthouse Project 1 (LHP1), Investigating PMLU Regulatory and Industry Practices has been completed and a report published. eMQ is now undertaking further studies to provide additional briefing material for stakeholders. This work was financially supported by the Department of State Development and Infrastructure. Project SummaryLHP2 will develop the multi criteria assessment tool (MCAT), a methodology for building a business case valuation model for potential PMLU options. The MCAT methodology will include, in addition to the traditional economic and financial assessment, quantitative inputs including best value to the community, environment, and traditional owners. This will allow stakeholders to understand the holistic benefits thatappropriate PMLU options can bring to the affected communities, improving the investability for stakeholders. The initiative will position Queensland as a leader in the development of innovative solutions for sustainable development and ‘net benefit’ improvement of residual outcomes of mining PMLU operations. The LHP2 project will develop a reliable model that supports a business case toolkit that quantifies the value created by the implementation of nominated PMLU options. The methodology will quantify (initially in metrics, then $’s) the value created across five key categories:
LHP3 projects, not part of the project, will follow with the detailed feasibility studies for investment and implementation of ‘sandbox’ pilot sites. Next StepsExtended information on this project is available here for registered website participants who have nominated, and been accepted as "Contributors". Registered Contributing Participants may download extended details about this project, and the individual EoI documents for each of the component modules requiring subject matter experts to be commercially engaged. If you require further information about this project please contact our Project Manager via projects@enviroMETS.net.au | Invitation for Expressions of InterestThis project is designed to utilise the breadth and depth of organisations and individual subject matter experts of enviroMETS' ecosystem. Purpose of EoI EnviroMETS is a hot-for-profit organisation that draws its capacity and capability from the collective skills and experience of its registered participants. This EoI process enables our subject matter expert participants an opportunity to contribute to the mission on a commercial basis. Context The EoI is to identify and engage organizations and persons with the rights skills and interest in developing a business case model for the purposes of enabling alternate innovative higher value PMLU solutions for investment. Task Refer download package and its appendix schedule Scope Refer download package and its appendix schedule Timeline for Delivery Refer download package and its appendix schedules Desired Outcomes The business case model intends to provide a quantitive and comparable guide to best net value of different optional futures for post-mining land to guide investments. Such investments may be solely by the mining lease holders, new entrepreneurs, governments and forms of trusts. And, combinations thereof as private-public partnerships. Evaluation and Assessment of EoIs The LHP2 project leadership team involving both enviroMETS and CRC TiME, will assess all applications and soon thereafter receive feedback as to next steps. If any organisation directly linked via sponsorship, directorship or advisor makes an application, that party will not form part of the assessment team. Awarding of Contracts A separate stand-alone contract with enviroMETS will be awarded for all or part of the planned assessment modules being developed within LHP2. Restrictions All participants contributing to the project delivery must be registered on the enviroMETS website as Contributors, preferably LHP Participants. Lodgement Requirements We require the form provide in the download pack to be completed. IT must also be delivered to projects@enviromets.net.au by the due date: COB 31 October 2024 Feedback Receipt of the application will be acknowledged by email. Thereafter further communications may be verbal, or by meetings. The final advise feedback will be in writing from the enviroMETS Project leader. |