Successful closure involves collaboration with various stakeholders, including our people, local communities, Indigenous, Traditional and Tribal Peoples, government and regulatory agencies, local businesses and industry associations.
Responsible closure
We seek to close our operating assets in a responsible manner that aligns with our purpose and meets our regulatory obligations and commitments to stakeholders.
Restoring the natural environment
Identifying best practice methodologies which focus on restoring the natural environment, including species, habitats and ecological communities.
Partnering with our stakeholders
Encouraging local and regional participation in closure activities, and working to identify opportunities to build capacity for affected communities post cessation of operations.
Assessing the environmental values
Within and adjacent to our operational footprint and cumulative impacts of climate change on the environment.
Our Approach to Closure outlines our focus on progressive rehabilitation and effective closure planning to support the smooth transition of lands we operate on to the next users.
We maintain closure plans for operations and projects under our operational control.
Closure plans are reviewed at a frequency to meet regulatory reporting requirements and/or new project approvals, or alternately at least every three years.
We conduct comprehensive, detailed closure studies which consider a range of feasible options to help identify a preferred closure strategy.
We develop, maintain and report closure cost estimates for all operations and projects under our operational control.
These reflect the expected liability of closure and align with the ICMM Financial Concepts for Mine Closure (2019).
We identify and pursue progressive rehabilitation opportunities to limit disturbed areas within our leases.
Our closure plans incorporate progressive rehabilitation to reduce the impact on disturbed areas and support the eventual relinquishment of landholdings. The extent of progressive rehabilitation varies depending on the specific characteristics and context of each operation.
This phase commences at the end of an operation’s or asset’s operational life.
This is an active phase with high intensity of work reshaping affected landforms, restoring and rehabilitating lands to promote re-establishment of ecosystems, flora and fauna consistent with surrounding environmental values.
We will monitor and track rehabilitation progress to meet our obligations and commitment.
This is the final phase of the closure lifecycle where the facility moves into a monitoring and maintenance phase.
