Corporate considerations in mine decommissioning

CIM Bulletin, Vol. 88, No. 989, 1995
M.J. Brodie, Colder Associates Ltd., Vancouver, British Columbia
Abstract
The decision to proceed with mine decommissioning, generally involves a number of complex and independent factors. These factors, including potential for re-opening, legal requirements, contingent liability, asset depreciation, due diligence, and public relations are discussed in the context of the financial implications on a net-present-value basis. It is concluded that the decision to delay mine decommissioning is commonly not in the best financial interests of the mine operator. Some measures to reduce decommissioning costs and expedite the process are presented.
Keywords: Mine management, Environmental concerns, Decommissioning.
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