reclamation bond

A Reclamation Bond Should be the Preferred Financial Assurance

An interesting article by Kayla Desroches (Report Raises Concerns Over Who Pays For Coal Mining Cleanup), raises concerns about the lack of reclamation bond coverage of mining operations in the State of Montana. Kayla reports, “. . . one of… Continue Reading →

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 →

Washington Reclamation Bond

Like reclamation bonds required by the Bureau of Land Management (BLM) you must provide a Washington reclamation bond to the Department of Natural Resources in that state if you intend to engage in any type of mining or petroleum exploration… Continue Reading →

North Dakota Reclamation Bond

In 2012 North Dakota produced more crude oil than any other state except Texas,increasing by 250,000 barrels per day from 2011 to 2012.  Puncturing and disturbing the land mandatorily requires a remediation plan and the corresponding reclamation bond.  A North Dakota… 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 →

Uranium mine reclamation bond surety.

Many states outlawed the practice of uranium extraction many years ago.  TODAY, mining groups are lobbying for a change.  Ground disturbance requires reclamation planning, and by law appropriate bonding.  Surety One, Inc., an environmental surety specialist offers reclamation bond capacity for… 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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