Posts Tagged ‘bonding’
Bond forfeitures begin on bankrupt Blackjewel and Revelation mine permits
An unreclaimed coal mine has sent mud and debris onto a neighboring property. The mine is one of five Virginia permits owned by bankrupt Revelation Energy and Blackjewel that are now facing bond forfeiture, which means the state or the mines’ insurance companies could take over the cleanup.
Read MoreCost of Coal Mine Cleanup
Despite problems with the current system, coal companies are being granted more leeway in paying for mine reclamation.
Read MoreReport calls for improvements to coal mine bonding in Central Appalachia
The Alliance for Appalachia, a coalition of 15 organizations, today released a report on the state of surface coal mine bonding in four Central Appalachian states. Bonds are used to ensure reclamation of mine sites should a company be unable to finish reclamation. The report details the bonding programs in West Virginia, Virginia, Kentucky and…
Read More