Metal Mine Performance Bonds And State Liability [electronic Resource] : Are There Any Deficiencies? 2000
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Metal Mine Performance Bonds And State Liability [electronic Resource] : Are There Any Deficiencies? 2000
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In our eReader you can find the full English version of the book. Read Metal Mine Performance Bonds And State Liability [electronic Resource] : Are There Any Deficiencies? 2000 Online - link to read the book on full screen. Our eReader also allows you to upload and read Pdf, Txt, ePub and fb2 books. In the Mini eReder on the page below you can quickly view all pages of the book - Read Book Metal Mine Performance Bonds And State Liability [electronic Resource] : Are There Any Deficiencies? 2000
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Although statute allows the department to modify the reclamation plan in these instances, it does not require it nor does it provide a timeframe for making the modifications. If a mining company defaults (or goes bankrupt) before the modifications are in place, the state would not have enough money to complete the reclamation according to existing law.
Some mining activities have a cap on the bond amount. For other mining activities, no reclamation is required and, hence, there is no performanc...e bond. Small miners may be permitted to disturb up to 100 acres with a maximum of 5 acres unreclaimed at any point in time.
Statute limits the amount of the performance bond for small miners involved in placer or dredge mining to a maximum of $10,000. If the miner defaults and the state conducts the reclamation, the miner is liable for costs that exceed the bond amount. However, if the miner declares bankruptcy or otherwise defaults, the state's chances of recovering some of the costs are reduced.
What to read after Metal Mine Performance Bonds And State Liability [electronic Resource] : Are There Any Deficiencies? 2000?
You can find similar books in the "Read Also" column, or choose other free books by Lloyd, Roger to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
Although statute allows the department to modify the reclamation plan in these instances, it does not require it nor does it provide a timeframe for making the modifications. If a mining company defaults (or goes bankrupt) before the modifications are in place, the state would not have enough money to complete the reclamation according to existing law.
Some mining activities have a cap on the bond amount. For other mining activities, no reclamation is required and, hence, there is no performanc...e bond. Small miners may be permitted to disturb up to 100 acres with a maximum of 5 acres unreclaimed at any point in time.
Statute limits the amount of the performance bond for small miners involved in placer or dredge mining to a maximum of $10,000. If the miner defaults and the state conducts the reclamation, the miner is liable for costs that exceed the bond amount. However, if the miner declares bankruptcy or otherwise defaults, the state's chances of recovering some of the costs are reduced.
What to read after Metal Mine Performance Bonds And State Liability [electronic Resource] : Are There Any Deficiencies? 2000?
You can find similar books in the "Read Also" column, or choose other free books by Lloyd, Roger to read onlineMoreLess
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