CLIENT OBJECTIVEs

Estimate financial contribution schedule required to fully fund anticipated Decommission, Reclamation and Tailings Management (DRTM) activities by, or prior to, future mine closure.
Develop user-friendly, Excel-based model to determine scale and timing of contributions required.
Train staff of industry and regulator to use model and update model data as needed.
Satisfy environmental regulatory requirements required to continue mine operations.
Update process and model as needed every 5 years with cooperation of industry and regulator working group.

STEPS TAKEN

Discuss model needs and necessary updates.
Develop draft model incorporating operational and costing details pertinent to coarse and fine tailings DRTM activities and relevant financial calculations.
Review draft model (model updates) with client working group.
Finalize model (model updates) for implementation.
Employ sensitivity analysis to investigate influence of uncertainty in data estimates to scale of contributions required to meet funding needs.
Develop presentation and training materials to accompany model.
Conduct in-person presentations to review model logic as well as training sessions for model users to improve their capacity and ensure success.

Life Cycle Costing (LCC)
Custom Operational Models (e.g., tailings dissolution process and timing needed to support LCC calculations)
Financial Analysis
Sensitivity Analysis

Industry participants able to use models to estimate required financial contributions for each mine site and communicate those results with regulator.
Financial results supported successful applications for mine operating permits from environmental regulator.