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Abandoned Mine Reclamation Glossary
743 terms total — 1 showing — Last updated 26 Oct 2026
Term of the Day
Closure Financial Assurance
Basic
Formal
IVT
A regulatory mechanism requiring mining operators to establish monetary reserves or financial instruments sufficient to fund complete reclamation and long-term site management. The assurance amount is calculated based on detailed closure cost estimates and is held in escrow or bonded accounts.
26 Oct 2026
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Showing 1–1 of 743
Post-Closure Long-Term Care (LTC) Fund
Basic
Technical
IVT
A financial mechanism or trust established at mine closure to fund perpetual or extended environmental monitoring, maint...