Reclamation bond estimation and administration guide for mineral plans of operation authorized and administered under 36 cfr 228a introduction during the mid to late 1990s. Reclamation bond calculation spreadsheet software in the record on appeal. At last, the calculation model of the bond is built by multiplying the total index, the corresponding reclamation cost per comprehensive condition index, the unforeseeable fee, the inflation rate. This calculation system is used to evaluate reclamation bond for 5. The blm requires that the holder of all solar energy rightofway row grants and leases post a bond. This website hosts the standardized reclamation cost estimator srce software that was originally developed as a cooperative effort between the nevada. Comparison of international mine reclamation bonding systems with. Assessing software development teams efficiency using.
The bond calculator is formulated as a microsoft excel spreadsheet to enable a simple, rapid and transparent method to document reclamation calculations. A reclamation plan and a reclamation bond is required when a company applies for a license and registers a site. Title v of the federal land policy and management act. Be sufficient to assure the completion of the reclamation plan assumes work is performed by the. The handbook is used when calculating bonds where there is no state primacy under a federal lands program. Reclamation cost estimate and determining bond amount.
Securities can only be made payable in canadian cdn funds, and are held until the chief inspector is satisfied that all reclamation requirements for the operation have been fulfilled. Decision support system for rehabilitation bond of mining area. Department of the interior, office of surface mining 2000. An asset retirement obligation aro is a liability associated with the eventual retirement of a fixed asset. The american surface mining control and reclamation act of 1977 smcra or the act requires that, as a prerequisite for obtaining a mining permit, a person must post a reclamation bond to ensure that the. Reclamation bonds oil well plugging bond oklahoma the. For the srce model to function correctly and calculate a reclamation bond. Pa regulatory program amendment report on the alternative bonding system abs program which. Alluvial valley floors, prime farmlands, alternate reclamation, and auger mining 17. Reclamation bonds required by the bureau of land management blm and various state environmental agencies are long term surety obligations. Performance and reclamation bond blm solar energy program. Reclamation bonds ensure that any land tampered with during various mining operations will be restored to its original state and according to the contract once the mining.
Full cost bonding for land reclamation on pennsylvanias coal mine sites is the regulatory program for calculation of the amount of bond necessary for specific mine sites. The secretary of the interior should direct the office of surface mining reclamation and enforcement osmre to explore ways to develop a bond market in which more bond sources are. Mine closure and reclamation cost estimation guidelines. The federal office of surface mining reclamation and enforcement osmre has approved alternative bond systems in seven states. The nevada reclamation performance bond pool is an accepted form of. Office of surface mining reclamation and enforcement general statement the office of surface mining reclamation and enforcement osm was established with the passage of the surface mining. The program is designed to reduce the financial burden of, and timeframe for, obtaining a. Standardized reclamation cost estimator srce nevada standardized reclamation cost estimator and cost data file. Reclamation bonds are required by the bureau of land management and other state agencies to protect the land from irresponsible operators of oil or water wells, coal mines, rock quarries, etcetera. Im working on updating our reclamation bond process and im looking for cost estimating software, spreadsheets and other tools to assist. The liability is commonly a legal requirement to return a site to its previous condition.
Montana talc reclamation bond calculation for the johnny gulch talc mine, mt northwestern resources purchase economic software package peabody coal company north antelope and. These systems, rather than requiring bond amounts at the full cost of. Table 1 shows the bond amounts currently held by both state and federal regulatory agencies in alaska, and the csp2. Bureau of mines report presents the documentation for heaprec, a methodology for calculating reclamation performance bonds for cyanide heap leach operations. Generally, these surety bonds cannot be canceled, adequate. Terms and conditions standardized reclamation cost estimator.
Based on the result, the combination of dss tool and reclamation formula can produce application system for rehabilitation bond. Handbook for calculation of reclamation bond amounts. This website hosts the standardized reclamation cost estimator srce software that. Arms also require the calculation of reclamation bond amounts using current machinery production handbookpublications and other documented cost sources. The nevada standardized reclamation cost estimator version 1. Reclamation bond calculation spreadsheet 2018 bond estimator excel. Reclamation cost calculator software to be used with the handbook. The training guide for reclamation bond estimation and administration, usda. Reclamation bond calculation spreadsheet 2018 bond estimator. Office of surface mining reclamation and enforcement. Reclamation bond calculation spreadsheet 2018 bond. Sherpa for reclamation bonds is an engineeringbased, menudriven program that uses project and site parameters supplied by the user to estimate. Example calculations can be found in the example calculations for bond.
This calculation program is allowed for bonds listed with the thaibma only. Use of the nevada standardized reclamation cost estimator srce model is conditioned upon your acceptance of the terms and conditions set forth below, as they may be. Bond forfeiture ohio dnr division of mineral resources. The handbook for calculation o f reclamation bond amounts, u. Bond pool home nevada division of minerals state of nevada. Consolidated mineral large noncoal mining operations calculation of bond amounts pdf.
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