The levels of disclosure relating to mine closure obligations by platinum mining companies

摘要: Background:  Mine closure obligations are economically significant, and the consequences of insufficient mine public interest. The incidence acid drainage high number ownerless abandoned mines in South Africa have brought mining sector into spotlight. Aim:  The aim this study is to establish extent which platinum listed on Johannesburg Stock Exchange (JSE) comply with a recommended disclosure framework. Setting:  South largest producer world. covers all JSE. Methods:  Using framework, census annual financial statements, integrated reports sustainability or websites was conducted determine level compliance relating Results: results show JSE inconsistent not sufficient for stakeholders understand scope, key assumptions, parameters reliability assessment calculation obligations. Conclusion: assumptions used specialised multi-disciplinary. accuracy will improve dramatically through greater transparency access information. It that listings companies should require competent person’s report provide values processes applied Furthermore, it Department Mineral Resources implements mechanism independent by experts an ongoing basis.