| Goods |
Mining, Exploration and Geoscience (MEG) has published guidelines for the establishment and operation of CBFs, and is currently consulting with Santos, Narrabri Shire Council and other key stakeholders about establishing a CBF for the Narrabri Gas Project, including establishing the detailed governance and administrative arrangements of the fund.
Santos has committed to contributing 10% of any royalties paid for the Narrabri Gas Project to this CBF, which would result in contributions of around $120 million to the fund over the life of the project.
These funds could make a major contribution to the economic and social development of the region over the next 20-30 years |