Formulate’s innovation and cost-effective solutions help our clients in the mining sector with regulatory compliance while ensuring predictable cash flow. We further aid in the procurement of financial provision guarantees. This is crucial, as mining companies are legally required to provide detailed studies of the damage that will potentially be caused by their undertakings, and along with plans for rehabilitation. Companies are further required to set aside funds as a provision in the financial statements for this rehabilitation.

The rehab fund is expected to match the total cost to restore the land, once the lifecycle of the mine is complete. Formulate’s services are of significant assistance in this regard.