Planning for Closure and Growing Agribusiness Legacies
Closing a mine is a complex process which carries significant environmental, social, and economic consequences. We believe that the successful closure of a mine is as important as the successful construction and operation of a mine and, done well, can leave a positive legacy for communities for generations to come. However, if not done correctly, mine closure can leave behind a legacy of unproductive land and damaged ecosystems.
Our policy is to start planning for a mine closure at the design stage, and no operations begin before we have closure plans that are agreed with government and communicated to all impacted communities. Closure plans include a ringfenced proportion of the annual budget to ensure all closure obligations are adequately funded, and each mine’s closure plan is guided by the specific legislative requirements of its host country and IFC guidelines. As part of our closure plans, we strive to keep the overall footprint of the mine to a minimum and undertake continuous land rehabilitation throughout mine life. Our aim is to restore original biodiversity and a healthy operating ecosystem at the earliest possible time. All mine closure plans are reviewed and updated regularly.
Our closure plans also aim to leave behind a sustainable economic legacy from which our host communities can benefit. Throughout the life of the mine we work to build the skills and capacity of local communities for non- mining income generation, provide training for alternative forms of employment and use our supply chain to promote entrepreneurship. In particular, we invest heavily in the development of agriculture and agribusiness at all our mines as an important part of their closure plans.