Long-Term Liabilities, Financial Assurance and Potential Opportunities
- Topics:
- Budgeting
- Source:
- University of Nevada
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Overview: Many mining districts have long histories of operating mines. When looking at these operations it is often difficult to conceive of the mining activities ever ending and the community having to rely on a different economic base. This situation can be found all over the world and is not applicable to only developing or developed countries. This paper presents the issues associated with mine closure liabilities and financial assurance, and also explores some of the potential opportunities explored and implemented by mining companies to reduce long-term liabilities. An underlying assumption in all these matters is that the mining activity is economically viable and that there is a stable governance and regulatory regime.
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Format: PDF | Size: 31KB | Date: Apr 2003 | Pages: 11
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