Forecast of mining companies development with respect to their reclamation duties

Authors: Dvořáček, J; Sousedíková, R; Štěrba, J; Zapletalová, R Download Paper

DOI https://doi.org/10.36487/ACG_repo/908_5

Cite As:
Dvořáček, J, Sousedíková, R, Štěrba, J & Zapletalová, R 2009, 'Forecast of mining companies development with respect to their reclamation duties', in AB Fourie & M Tibbett (eds), Mine Closure 2009: Proceedings of the Fourth International Conference on Mine Closure, Australian Centre for Geomechanics, Perth, pp. 101-106, https://doi.org/10.36487/ACG_repo/908_5



Abstract:
This paper concerns itself with the financing of reclamation of land in the Czech Republic. By analysing a sample of 33 mining enterprises it shows that the majority of these firms do not currently have sufficient funds for financing reclamation activities. The development of reclamation funds depends on whether the enterprises are on a sound financial footing. To predict the economic development of 33 mining enterprises, the discriminate analysis method was applied. Nine firms have been selected as being in jeopardy of default. Further analyses provided the conclusion that four firms out of the nine show that jeopardy of default is imminent. They have no funds for financing reclamation activities, these costs, if need be, would have to be covered by the state. Forecasting corporate development can be an efficient tool for the state mining authorities who regulate provisioning and employment of reclamation funds.

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