Opportunities for growth in Australian Mine closure solutions (MCS) industry

The Challenge 

As a significant mining jurisdiction, WA has many operating mines approaching their planned end of life. Although the closure of mine sites is expensive for both mining companies and governments, mine closure activities can also offer a revenue stream for a range of businesses, and this economic opportunity is expected to grow in coming decades.  

Proposed Solution 

This project identified a market for Australian mine closure solutions (MCS) providers over the coming decades could exceed $4 billion annually across four categories of industry activity: engagement and partnership with communities impacted by mining; waste reduction and recovery; mine rehabilitation; and land use transitions.
To realise this opportunity MCS industry participants need to work collaboratively with mining companies, government and the other partners they service to demonstrate the success and value that can be delivered through well-managed mine closure. 

Proposed Benefits to WA 

The findings of this project are supporting the planning and structured development of the mine closure ecosystem in Western Australia. This strategic approach to development is helping ensure relevant services and infrastructure are available to meet the future closure needs of the local mining sector, delivering positive outcomes for mining communities and positioning WA as a leading provider of mine closure solutions.

Key words: Alternative use of tailings and waste, resource recovery, circular economy in mining, stakeholder engagement