Skip to main content

Project 2.3

Current tools, techniques and gaps in evaluating mine closure

Research Program

Risk, Evaluation and Planning

Project Leader

Associate Professor Eric Lilford

Project ID

2.3

Summary

The key aims of this foundation project include the determination of what practices, techniques and procedures are currently employed by various mining companies and mining services companies to quantify mine closure costs, mine closure costs and benefits and associated mine closure risk. This will include a focus on Australian mining companies (Australian and non-Australian operations). Through the information collection and collation activities outlined below, this project will identify the current industry mine-closure decision making (evaluation and valuation) practices and highlight any gaps that may exist. This research intends to increase understanding with regards to current mine closure related decision-making processes and identify future research opportunities. This foundation project will not provide solutions to the identified gaps rather, it will analyse the industry inputs and responses to determine where further analysis is required.

Project Partners

BHP; CSIRO; Curtin University; Deswik Mining Consultants (Australia) Pty Ltd; Fortescue Metals Group Ltd; Rio Tinto Services Limited; University of Queensland; University of South Australia; University of Western Australia; OceanaGold

Duration

10 months