May 25, 2017 Articles

EPA Proposes Financial Assurance Rule for Hard-Rock Mining

The proposed rule provides that the amount of financial assurance must be sufficient to pay for estimated environmental remediation actions as well as natural resources damages.

By Irvin M. Freilich and David J. Miller – May 25, 2017

Following decades of inaction and a court order establishing a deadline by which the U.S. Environmental Protection Agency (EPA) was ordered to issue a proposed rule, EPA announced on December 1, 2016, that it would publish a rule creating financial assurance requirements for parties conducting remediation projects in the hard-rock mining industry. The proposed rule was published in the Federal Register on January 11, 2017. 

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