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reclamation bonds

Bureau of Ocean Energy Management Announces New Surety Bond Requirements

On July 14th, 2016, the Bureau of Ocean Energy Management (BOEM) “notified companies holding oil and gas leases in federal waters that it is updating the surety bond and risk management requirements to ensure that U.S. taxpayers never have to pay… Continue Reading →

Rock quarry reclamation bond.

If you operate a small rock quarry you are not exempt from state and/or federal reclamation bond requirements.  Even little “mom and pop” quarry operations are responsible for having an appropriate closure plan.  A rock quarry reclamation bond just like… Continue Reading →

Reclamation bond requirement, federal law.

The Surface Mining Control and Reclamation Act of 1977 (SMCRA) established permitting guidelines for existing and future mines and instructions for providing reclamation bonds.  It ensures that coal mining operations are conducted in an environmentally responsible manner and that the… Continue Reading →

Kentucky reclamation bond. Increased bonding required!

Coal companies will have to post higher reclamation bonds for surface mines under an emergency rule filed by the State Energy and Environment Cabinet.  The rule is effective immediately.  “The state has been discussing the issue of inadequate bonds for… Continue Reading →

Reclamation bond emergency.

Illinois mining companies will have to post higher reclamation bonds for surface mines under an emergency rule filed by state regulators Friday.  Surety One, Inc., has a BIG appetite for these.  Our speedy surety bond underwriting can put a reclamation… Continue Reading →

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