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Abandoned Mine Reclamation Glossary

743 terms total — 9 showing — Last updated 26 Oct 2026

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.

Showing 1–9 of 743

A dedicated financial mechanism established to ensure long-term maintenance and monitoring of remediated abandoned mine...

perpetual care

Basic Formal

Ongoing maintenance and monitoring obligations that continue indefinitely after mine closure and reclamation completion.

Perpetual Care Bond

Basic Formal IVT

A financial guarantee instrument established at mine closure to fund long-term environmental monitoring, treatment opera...

Perpetual Care Fund

Basic Technical IVT

A financial mechanism established to ensure long-term maintenance and monitoring of reclaimed mine sites in perpetuity a...

Financial mechanisms established to support indefinite maintenance and monitoring of reclaimed mine sites, typically thr...

Perpetual Care Liability

Basic Technical IVT

The legal and financial obligation extending indefinitely beyond mine closure requiring ongoing maintenance, monitoring,...

The long-term legal and financial responsibility for monitoring, maintaining, and managing a reclaimed mine site indefin...

Perpetual Care Trust

Basic Formal IVT

A financial mechanism and legal arrangement establishing dedicated funds and institutional responsibility for long-term...

Perpetual Care Trust Fund

Basic Technical IVT

A dedicated financial mechanism that generates ongoing revenue through invested principal to support indefinite monitori...

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