Glossary of terms – Mine closure hub
This glossary of terms has been developed to help navigate the technical language used by mining companies, including around mine closure.
These terms and their definitions have been adapted from:
- AusIMM Social Responsibility Framework, Appendix 5: Social Performance Definitions ICMM Community Development Toolkit. Available at https://www.icmm.com/en-gb/guidance/social-performance/community-development-toolkit
- IFC, 2014, A Strategic Approach to Early Stakeholder Engagement, A Good Practice Handbook for Junior Companies in the Extractive Industries, Available at https://commdev.org/publications/a-strategic-approach-to-early-stakeholder-engagement/
- ICMM Integrated Mine Closure Good Practice Guide, 2nd Edition (2019). Available at https://www.icmm.com/website/publications/pdfs/environmental-stewardship/2019/guidance_integrated-mine-closure.pdf
29. Life of mine (LoM)
The length of time a mine is planned to be extracting minerals. Based on a mine plan which considers the available capital and the ore reserves.
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Professor Sandy Worden
Research Fellow, Centre for Social Responsibility in Mining