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US reclamation regs to hit miner cash

Proposed financial responsibility regulations that are due to come into effect in December would result in miners having to tie-up significant amounts of cash or credit notes in escrow, Dr Graham Davis, professor of mineral economics at the Colorado School of Mines, told delegates during his keynote speech at the SME 5th Current Trends in Mining Finance conference in New York.

US reclamation regs to hit miner cash US reclamation regs to hit miner cash US reclamation regs to hit miner cash US reclamation regs to hit miner cash US reclamation regs to hit miner cash

An end to new superfund sites?

The regulation was created so the state and US taxpayer do not have to bear the financial responsibility for reclaiming and remediating mining sites.

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