Explain, in your own words, the main argument presented by Hines

On 20 June 2016, the Mineral Policy Institute (MPI), Australia released a research report titled “Ground truths: Taking responsibility for Australia’s mining legacies”, warning of serious gaps between the funds held by Australian governments and the true cost of remediation for the social and environmental damages caused by mining activities. (The full report is available from MPI….

The MPI report – Ground Truths called for national and international collaboration with particular attention on unsecure financial liabilities and the options available to governments or communities in the event of abandonment or unplanned closure.

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Referring to the journal article (Hines 1988) set out in the prescribed resources, discuss how the issue of the Ranger Uranium Mine, among many others, raised in the MPI report could illustrate the theoretical position argued by Hines (1988).

In your answer,

• Explain, in your own words, the main argument presented by Hines (1988).
• Outline briefly the types of liabilities that mining companies must disclose in their 
financial reports under the current financial reporting requirements.
• Identify and analyse which of these requirements might contribute to mitigate the 
impacts stated in the MPI report.
• Analyse, drawing on a range of sources (academic journals, the popular financial press 
articles, &etc.), how the specific financial accounting issues raised in the MPI report are related to the main argument presented by Hines (1988).