B-1 - Area 1, Coromandel Forest Park – Assessment of Environmental Effects 31 Condition Explanation Project and the activities of the Biodiversity Project Group required by Condition C13. Project Group and the associated Plan would be established. OGNZL is required to fund those processes. C11 Prior to the commencement of stoping within Area A the Consent Holder shall establish a fund to implement the Waihi North Biodiversity Project. At the establishment of this fund the Consent Holder shall place into the fund account: a. $2,400,000; and thereafter: b. $600,000 annually, paid in by 31 March each year. The Consent Holder shall continue the funding set out within b. above for a period of ten years or until mine closure, whichever is the longer period. This represents the minimum amount of money that OGNZL will commit to implementing the Biodiversity Project. Additional money may be sourced for the programme from other sources. C12 The monies placed into the fund account under condition C11 shall be allocated, as necessary, to finance: a. The ongoing operation of the Biodiversity Project Group in accordance with Conditions C13 to C15; b. The implementation of the Biodiversity Project Plan in accordance with Condition C17; and c. The ongoing review and updating of the Biodiversity Project Plan. Biodiversity Project Group C13 Prior to commencing construction of the Dual Tunnel within Area 1 the Consent Holder shall invite the following to participate in a Biodiversity Project Group: a. [Participants to be confirmed] The purpose and responsibilities of the Biodiversity Project Group are to: b. Oversee the design, governance, implementation, monitoring and review of the Biodiversity Project; and The composition of the group that will oversee the design, governance, implementation, monitoring and review of the Biodiversity Project is subject to ongoing discussion with tangata whenua and Department of Conservation.
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