Getty, R; D. Caporn, D. Kyan, and J. Beltran.
Proceedings of the 13th International Conference on Mine Closure p.1577-1586(2019)

The Standardized Reclamation Cost Estimator (SRCE) was developed to provide a robust, defensible calculator for mine closure financial assurance by the State of Nevada and has been used internationally for financial assurance cost estimates, life-of-mine and provision for environmental rehabilitation, and internal closure cost estimates. Minimizing the liability of closure costs is increasingly important for mine planners as experience dealing with mature mine sites has led to a better understanding of the magnitude of actual closure costs, and as companies seek to reduce ongoing liabilities associated with unrehabilitated land. The revised SRCE (v2.0) was used to repurpose the closure cost model to facilitate real-time planning and management of mine closure at the St. Ives Gold Mine and analyze closure options. Using SRCE reduced long-term closure costs by adapting short-term mine plans to accommodate the extended view of the mine life. This paper is Open Access at https://papers.acg.uwa.edu.au/p/1915_123_Getty/ The SRCE can be accessed at https://nvbond.org/.