Financial support to ensure the implementation of mine pollution control activities
JOGMEC provides loans to private companies conducting mine pollution control activities and loans for the costs incurred in pollution control projects conducted by local governments as determined by the Environmental Pollution Control Expense Sharing Law.
Loan for Mine Pollution Control Activities
JOGMEC provides long term, low-interest loans for mine pollution prevention implementers that own mining rights. Scheme for financing mine pollution control covers three categories: restoration of abandoned mine facilities, wastewater treatment for mine drainage, and contributions to the mine pollution control fund. This finance scheme is for corporations or individuals in charge of mine pollution control at their own abandoned or suspended mines. An overview of each category follows below.
1. Restoration of Abandoned Mine Facilities
JOGMEC ﬁnances activities to prevent mine pollution from the closed adit, waste rock or tailing dams in the abandoned mine sites. JOGMEC has provided ¥15.3 billion in ﬁnancing for 127 mines since this category was implemented from FY 1973 to 2019.
2. Wastewater Treatment for Mine Drainage
JOGMEC ﬁnances operations to control mine drainage discharged from the abandoned mines. JOGMEC has provided ¥17.0 billion in ﬁnancing for 45 mines since this category was implemented from FY 1978 to 2019.
3. Contributions to 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 category was implemented from FY 1993 to 2005.
Loan 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) caused by past mining or smelting activities that inflict damage to agricultural land and agricultural facilities. JOGMEC has provided ¥18.3 billion in loans for 26 areas since this loan was implemented from FY 1975 to 2017.