The purpose of this document is to enhance the understanding of key financial concepts as they relate to mine closure, enabling consistent communication of these concepts within relevant disciplines both internally and externally across the mining industry.
Key elements include:
- Define key terminology, including equivalent terms across major mining jurisdictions
- Applicable International Standards
- Enhance understanding of key concepts in mine closure accounting
- Provide an overview of the key mine closure cost estimate types
ICMM. (2019). Financial concepts for mine closure. The author: London.