The agreement provides for sustainable management of water and related natural resources in the rivers of the Eyre basin, in order to avoid negative cross-border effects on the associated ecological, economic, cultural and social values. The Lake Eyre Basin is a basin that covers nearly one-sixth of all Australian regions. It is the largest endorhetic basin in Australia and one of the largest in the world and covers about 1,200,000 square kilometres, including much of the interior of Queensland, much of South Australia and the Northern Territory, as well as part of western New South Wales. The basin is also one of the largest less developed dry basins with a high degree of variability everywhere. It supports about 60,000 people and a large amount of wildlife and has no irrigation, diversions or major flood zones. Low pasture density is the main land use, accounting for 82% of the total area of the basin. In 2009, the Queensland Environmental Protection Agency confirmed that heavy metals from mining operations near Mount Isa had entered the upper Georgina River.  The spill has the potential to contaminate parts of the basin to Lake Eyre. The agreement must be reviewed five years after it comes into force, and then ten years later. The first revision of the agreement took place in 2007. Lake Eyre Basin covers approximately 1.2 million square kilometres, nearly one-sixth of Australia, and is one of the largest inland water systems in the world. Lake Eyre is itself the fifth largest final lake in the world.
Deserts that have formed in the basin, including sturt Stony Desert, Tirari Desert and Strzelecki Desert, are most likely the largest source of dust in the southern hemisphere.  4.7 The Commonwealth will consult with states, as required by the Intergovernmental Agreement on the Environment before accession to an international agreement that could have a direct impact on the Eyre Maritime Basin area. Low pasture density is the main land use, accounting for 82% of the total area of the basin.  Large mineral deposits such as oil and natural gas, including Australia`s largest oil reserves, are located within the basin.  The mining and oil industry is responsible for the largest economic activity in the Eyre Maritime Basin. Opals, coal, phosphate, plaster and uranium are also extracted from the basin.  Rivers within the basin have a low slope, slow flow and naturally cloudy water quality.  Some of the major river systems in Lake Eyre Basin are known.
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