RISING COST OF MINE CLOSURE - IT'S THE WATER AND A LOT MORE
Terry Braun (SRK Consulting)
Within the last 20 years, mine closure liabilities represent an increasing proportion of the balance sheet of a mining company. This paper examines regulatory trends related to closure obligations in the Americas as well as financial disclosures by public mining companies with regard to asset retirement obligations and environmental liabilities. Long-term water quality management is a significant component of the rising cost of mine closure.
Keywords:
Closure Liability, Environmental Liability, Closure Regulations, ARO
