Chapter 13: Provisions and contingencies

Provision is made for future cost of environmental rehabilitation consisting of closure activities relating to restoration, decommissioning as well as post-closure cost relating to any latent and residual impact at a rehabilitated mine after final closure has been completed. Estimates are based on unscheduled closure cost that are reviewed internally every six months and by reputable external consultants every two years or earlier, should the level of risk require such external review. Where provision is made for dismantling of assets and site restoration cost, an asset of similar initial value is raised and depreciated in accordance with the accounting policy for property, plant and equipment.