Accounting Treatment of Waste in the Context of Mining Industry
Accounting Treatment of Waste in the Context of Mining Industry

Author(s): Galya Ivanova-Kuzmanova
Subject(s): Economy, Business Economy / Management, Energy and Environmental Studies, Accounting - Business Administration
Published by: Университет за национално и световно стопанство (УНСС)
Keywords: mining industry; IAS 37 Provisions; Contingent Liabilities and Contingent Assets; provisions; accounting; sustainable development
Summary/Abstract: The relevance of the researched issue is dictated by еffective waste management in the mining industry which involves strict and accurate adherence to environmental regulations and accounting standards. Solid mining waste includes rock masses and slag, while mineral processing generates waste like tailings and wastewater containing minerals and chemicals. The research defends the thesis that the management of these wastes requires both physical handling and advanced technologies for recycling and reuse. The results of the research find expression in: the researched enterprise can improve its practices by enhancing internal controls with automated systems, conducting regular audits, investing in staff training, increasing transparency through detailed reporting and investing in innovative recycling technologies; these actions will help the company balance economic interests with environmental protection and contribute to sustainable development; by implementing these best practices and recommendations, the researched enterprise can strengthen its role as a responsible leader in the mining industry, ensuring compliance with regulations and contributing to the region’s and country’s sustainable development.

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