Commodities - The Coming Bull Market Message Board

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Strategies & Market Trends : Commodities - The Coming Bull Market

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To: craig crawford who wrote (250)	6/14/2001 9:19:22 PM
From: craig crawford	Read Replies (1) of 1643

Thursday June 14 7:32 PM ET BLM to Enforce Mine Cleanup Bonds By JOHN HEILPRIN, Associated Press Writer dailynews.yahoo.com WASHINGTON (AP) - The Bush administration is temporarily backing a Clinton-era rule that requires mining operators to post bonds to guarantee they will clean up after themselves. It has made no final decision on the entirety of broader Clinton regulations for miners of hard-rock minerals - gold, silver, uranium, copper, lead, zinc and molybdenum - that were put in place over industry objections. Under the portion of the new rule that is now in place and the administration says it expects to retain, the reclamation bond - aimed at ensuring miners rather than taxpayers pick up the tab - must be equal to 100 percent of the estimated cleanup cost. Before the Clinton regulations were put in place, mines disturbing less than five acres per year did not have to provide cleanup bonds, and companies could pledge their own assets instead of putting up cleanup bonds.

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