Wyoming considers updating surety bond requirement for mining operators

mining

If passed, Wyoming SB 27 would provide a per acre maximum dollar amount for reclamation performance bonds required of limited surface mining operations that don’t require a permit under the Environmental Quality Act. The bill would also amend bonding requirements for small mining operations required to have a permit under the Environmental Quality Act.

Specifically, SB 27 would do the following:

“(B) Before commencing any limited mining operations, the operator shall file a bond to insure reclamation in accordance with the purposes of this act in the amount of two thousand dollars ($2,000.00) per acre, except for quarries for which the bond amount shall not exceed three thousand dollars ($3,000.00) per acre of affected land including roads used to access the mining operation. Within ninety (90) days after limited mining operations commence, the administrator may require the operator to post an additional bond per acre of affected land if he determines that such amount is necessary to insure reclamation. The operator shall post the additional bond not later than thirty (30) days after receipt of such notification”

Other bond stipulations under SB 27 can be found in section 35-11-417 of the bill text. For example, “in no event shall the bond be less than ten thousand dollars ($10,000), except for limited mining operations authorized and bonded under W.S. 35-11-401(e)…” and renewal bonds should be in “the amount equal to the estimated cost of reclaiming the land to be disturbed during that renewal period…”

This bill was approved by the senate on February 11, 2013, but has yet to be enacted, so check back with the Surety Bond Insider for additional updates.

If you need a surety bond in Wyoming or any other state, contact a surety expert online 24/7 or by phone at 1 (800) 308-4358 Monday through Friday, 7 a.m. to 7 p.m. CST.