Financial Assistance Operations
JOGMEC manages a system of financial support that helps keep the cost of mine site remediation affordable. These approaches complement grants in creating a comprehensive approach to keeping the cost of mine pollution control manageable.
Overview of Financial Assistance
Financial Assistance for Mine Pollution Control
The Metals Finance Department provides financial assistance that supports mine pollution control. This protects the health of the general public and supports the efforts of mining and other companies to protect the environment and the quality of life.
Financing for Mine Pollution Control
JOGMEC's system for financing mine pollution control covers three categories:
restoration of abandoned mine sites, wastewater treatment for mine drainage, and disbursements for the mine pollution control fund. This finance is for a corporation or individual. An overview of each category follows below.
1. Remediation of Abandoned Mine Sites
JOGMEC finances projects to prevent mine pollution from the closed adit, waste rock or tailing dams in the abandoned mine sites. JOGMEC has provided ¥14.2 billion in financing for 126 mines since this system was implemented in fiscal 1973 through the end of fiscal 2016.
2. Wastewater Treatment for Mine Drainage
JOGMEC finances projects to prevent mine drainage discharged from the abandoned mines. JOGMEC has provided ¥16.7 billion in financing for 45 mines since this system was implemented in fiscal 1978 through the end of fiscal 2016.
3. Disbursements for the Mine Pollution Control Fund
Owners of mining rights are responsible for preventing mine pollution under the Mine Safety Law. JOGMEC finances related projects with disbursements for the mine pollution control fund stipulated by the Law on Special Measures for Mine Pollution. JOGMEC has provided ¥2.9 billion in financing for 20 mines since this system was implemented in fiscal 1993 through the end of fiscal 2005.
Loans for Mine Pollution Liabilities
JOGMEC finances loans for the costs incurred in pollution control projects conducted by local governments as determined by the Environmental Pollution Control Expense Sharing Law for designated toxic substances (cadmium, copper, arsenic) generated by metal activities that cause damage to agricultural land and agricultural facilities. JOGMEC has provided ¥18.3 billion in loans for 26 areas since this system was implemented in fiscal 1975 through the end of fiscal 2016.