The risk, evaluation and planning program is to carefully examine the assumption that mine closure planning is not sufficiently well connected to operational activity to promote effective mine closure and relinquishment. This requires understanding how decisions are made in the face of uncertainties that can be spread over long timelines.
- Advanced evaluation frameworks for long life assets: evaluations incorporate the long-term value proposition of a unique mining project by recognising the elongated temporal gaps between economic, social and environmental costs and benefits, both tangible and intangible.
- Real time predictive models: total risk of a mining project is assessed through the dynamic modelling of total liability and residual risk for a site (both mitigatable and unmitigatable) and risk-reward trade-offs of different post-mine land uses are analysed in the context of the environmental and social characteristics of the region using both market and non-market-based valuation techniques.
- Planning tools to identify transferable residual risk: risk-return models identify the levels of risk and liability that are acceptable to the subsequent use proprietor recognising the region’s environmental and social characteristics.
Associate Professor Bryan Maybee