ICMM Financial Assurance for Mine Closure and Reclamation

PDF- This study was commissioned by the International Council on Mining and Metals (ICMM) to update a publication issued by the Council’s predecessor organization, the International Council on Metals and the Environment (ICME) in 1998. It provides a focus on the current status and trends related to financial assurance requirements for mine closure and reclamation. The study evaluates industry experience in the use of performance bonds and other financial instruments, their strengths and weaknesses, and their effectiveness as a tool to provide assurance that funding for mine closure and reclamation will be available.