The Group is committed to rehabilitating mine sites after closure, as is required by law in the countries we operate in. The General Directors of the Group’s operations are responsible for compliance with closure and rehabilitation obligations. The Group periodically reviews and updates closure plans for each of its sites, including calculating the likely costs associated with closure. Provisions are made in the Group’s financial statements, representing the discounted value of the estimated costs to decommission and reclaim the mines based on the current estimated life of mine of each deposit. During 2023, capping works at the Nikolayevsky above-ground tailings storage facility continued, after deposition of tailings materials into this facility ceased in 2020.

Progress on the closure of Yubileyno-Snegirikhinsky