RECLAIMING TOMORROW THROUGH RESPONSIBLE SITE CLOSURE
We have developed responsible closure plans for all our mines to ensure sustainable site closure. These plans systematically identify, minimise, mitigate, and address various risks associated with site closure, including environmental, socio-economic, health and safety, and reputational risks.
Key Aspects of Site Closure Plans
- Alignment with global benchmarks: Our closure plans align with international standards such as ICMM Principles, IFC performance standards, IFC EHS guidelines, the technical standard on site closure, and other statutory requirements
- Thorough impact and risk assessments: The closure plans focus on a systematic evaluation of environmental and social issues associated with site closure
- Collaborative post-closure planning: Post-closure land use and related objectives are defined in consultation with stakeholders, including local communities and government agencies. The requirements and concerns of local communities are addressed by involving them in formulating the plans
- Resource allocation: Sufficient funds are allocated for closure and rehabilitation, demonstrating our commitment to land rehabilitation and minimising the negative impacts of closure
- Environmental safeguards: The closure plans incorporate specific measures to address and avoid environmental or landscape impacts of site closure
- Maintaining relevance: The closure plans are updated at least once every five years or when any material change occurs
- Accountability framework: Responsibilities are assigned, and a clear line of accountability and authority is established for the implementation of each part of the closure plan
We periodically communicate progress against our closure plans to all internal and relevant external stakeholders transparently. Additionally, we maintain a separate fund corpus to meet closure costs, ensuring the successful implementation of site closure plans.
100%
operational mines have closure plans in place
