MINE CYCLE

 

Explore the main stages of a mine cycle
and the key risks that a mine may face.

 

 

 

STAGE 1

Explore & Evaluate

STAGE 2

Design & Construct

STAGE 3

Operate

STAGE 4

De-commission & Close

STAGE 5

Post Close
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2
3
4
5

Explore & Evaluate

The life cycle of a mine begins with mineral exploration and project evaluation to assess the feasibility of the mining project.

Directors & Officers

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Titles & Access

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Approvals & Licences

Environmental

Work Health & Safety

Community

Regulators

Stakeholders

Employees

Commercial

Insolvency & Restucturing

Financing

Design & Construct

The design of a mine can influence timeframes for financial return and construction arrangements must navigate complex environmental, social and regulatory constraints.

Directors & Officers

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Titles & Access

Approvals & Licences

Environmental

Work Health & Safety

Community

Regulators

Stakeholders

Employees

Commercial

Insolvency & Restructuring

Financing

Operate

The operation of a mine requires clear strategy and strong management to ensure ongoing compliance with regulatory conditions and positive interaction with the community and regulators.

Directors & Officers

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Titles & Access

Approvals & Licences

Environmental

Work Health & Safety

Community

Regulators

Stakeholders

Employees

Commercial

Insolvency & Restructuring

Financing

De-commision & Close

The de-commission and closure of a mine requires implementation of management plans and practices developed during the previous stages and adequate provision for post-closure liabilities.

Directors & Officers

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Titles & Access

Approvals & Licences

Environmental

Work Health & Safety

Community

Regulators

Stakeholders

Employees

Commercial

Insolvency & Restructuring

Financing

Post Close

The removal of legacy infrastructure, monitoring requirements and other environmental works, including rehabilitation of the mine, will continue until final relinquishment of titles and surrender of approvals.

Directors & Officers

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Titles & Access

Approvals & Licences

Environmental

Work Health & Safety

Community

Regulators

Stakeholders

Employees

Commercial

Insolvency & Restructuring

Financing