Closure Cost Liabilities

Meet your regulatory requirements through effective closure strategies and accurate closure cost estimation

Our experts are experienced in auditing closure strategies and budgeting processes and in fine-tuning financial assurance cost estimates to meet regulatory requirements.

All public mining companies must provide fair-value estimates of their properties’ legal closure obligations in terms of the relevant jurisdiction’s requirements, such as the United States’ Generally Accepted Accounting Principles (GAAP) or International Financial Reporting Standards (IFRS). Our asset retirement obligation (ARO) specialists are adept in meeting these regulatory accounting standards through a complex combination of asset life, closure cost, and financial assurance estimates and in communicating effectively with external audit teams.

Services
  • Closure bond cost review
  • Internal closure budgeting
  • Financial assurance and bonding cost estimation
  • Annual maintenance of closure estimation for life of mine
  • Preparation of 3rd party accounting provisions
  • IFRS and GAAP-compliant document creation
  • Assistance in communication with external auditors 

Contacts for this service

SRK North America