cost of reclamation

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The companies believe that the cost of reclamation at Troy will be borne by the current insurance-backed reclamation policy that was established by Revett for that purpose.
For a region that has been mining tin for more than 200 years, one key issue of concern appeared to be the limited extent of land reclamation observed at the moment, whether this was a result of repeated re-mining of the same areas, or to the lack of contributions to the cost of reclamation from unconventional small scale miners.
The cost of reclamation and preparing the area is around BD8 million ($20.
Under SMCRA, states have flexibility to require mine operators to provide a bond for the full cost of reclamation or participate in an alternative bonding system such as a bond pool, which may combine bonds, taxes on coal production, and other sources of funding.
Dealers are often more than willing to absorb part of the cost of reclamation, if there is one," says Matsoukas.
But, as council director Rob Quick says in a private report, it became clear that ``the cost of reclamation would be substantial''.
And they require mines--new or existing--to provide financial guarantees, or bonds, that cover the cost of reclamation (as estimated by BLM staff) after a mine closes.
His view is unless the developer can pay for the extra cost of reclamation and infrastructure, then there has to be public sector subsidy.
1979 Abandoned Coal Mined Lands - Nature, Extent, and Cost of Reclamation.
Regulations governing the extraction or use of other federally owned resources generally require bond amounts based on the cost of reclamation or use minimum amounts that were established more recently than the bond amounts for oil and gas.