Share with your friends

IFRS 16 Leases: Practical application guidance for mining

IFRS 16 Leases – Practical application for mining

Our first publication in this 'IFRS for mining' series focuses on the application of IFRS 16 Leases to the mining industry. IFRS 16 Leases is effective from 1 January 2019 and will result in most leases being recorded on balance sheet.


Also on

Coal miners surveying from above

The new Leases standard is an important change for all industries; and mining is no different, particularly given the significant use of capital equipment. We set out what finance executives need to know including what to consider on transition.

There will be an increased focus by the mining industry on whether contracts contain leases. Our publication includes many industry examples and practical considerations for mining industry participants working through the interpretations and impacts of the new standard. For example, identifying whether a mining services arrangement contains a lease will be an area of complexity for many in the industry, so to help you with your assessment we present a case study exploring the impact of IFRS 16 on a mining services arrangement.

We hope you will find this guide practical and helpful in your journey to implement the new IFRS 16 Leases standard. We would be pleased to discuss the content and further assist you with your implementation of the standard.

©2021 KPMG, an Australian partnership and a member firm of the KPMG global organisation of independent member firms affiliated with KPMG International Limited, a private English company limited by guarantee. All rights reserved. The KPMG name and logo are trademarks used under license by the independent member firms of the KPMG global organisation.

Liability limited by a scheme approved under Professional Standards Legislation.

For more detail about the structure of the KPMG global organisation please visit

Connect with us


Want to do business with KPMG?


loading image Request for proposal

Save, Curate and Share

Save what resonates, curate a library of information, and share content with your network of contacts.

Sign up today