Every gold mine will one day close. Long before the last tonne of ore is processed, accountants are required to estimate what it will cost to restore the land to an acceptable condition — and put that liability on the balance sheet today. This is mine rehabilitation accounting: one of the most judgment-intensive, estimate-heavy areas in mining finance. Get it wrong, and you're looking at material misstatements, regulatory scrutiny, and uncomfortable conversations with auditor

What the textbooks don't tell you about closing the books when your assets are underground Every year, sometime around mid-May, a familiar energy settles over mining company finance teams. Audit engagement letters land. The PBC list arrives — always longer than last year. Someone in procurement sends a passive-aggressive reply-all about the cut-off memo. And somewhere on site, an operations manager is asking why they can't raise a purchase order after 4pm on the 30th of June.

Mining Industry Practitioner Guide IRIS Lease Portal · SAP S/4HANA Integration · Month-End Close Checklist Part 1: IRIS → SAP S/4HANA Integration & Journal Posting Flow 1.1 Overview — How IRIS and SAP Interact IRIS is a dedicated lease accounting subledger. It holds the lease contract data, calculates the amortisation schedule, and generates the accounting entries that must be posted into SAP. The relationship is one-directional for journal generation: IRIS calculates, S

Introduction When a mining company sells gold, copper, or silver, the story doesn't end at shipment. In fact, for concentrate and doré producers, the final revenue figure often isn't known for weeks — sometimes months — after metal leaves site. This is because most offtake agreements price metal not at the point of delivery, but at a future point determined by a Quotation Period (QP). The gap between the price you initially booked as revenue and the price you ultimately settl