Montana DEQ Increases Reclamation Bond for Barrick’s Golden Sunlight Mine
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The Montana Department of Environmental Quality has issued a final bond determination increasing the reclamation bond for the Golden Sunlight Mine near Whitehall, according to a news release from DEQ.
DEQ completed a five-year comprehensive bond review in coordination with the Bureau of Land Management and determined the current bonding level of $112,153,980 does not represent the present cost of compliance with the Montana Mine Reclamation Act.
The increase comes after a 60-day negotiation period between Golden Sunlight, DEQ, and BLM and a 30-day public comment period. The final bond determination increases the bond to $146,564,163, requiring the mining company to submit an increase in its bond of $34,410,183.
“This review and bond increase is a reflection of the work DEQ is doing to ensure mines in Montana are bonded properly,” said Chris Dorrington, DEQ air, energy, and mining administrator. “Working together with the Golden Sunlight Mine, we agree that an increase was both appropriate and reflective of reclamation best practices and the resource protection required in state law.”
To view the final bond determination letter, CLICK HERE
Source: (August 7, 2017) Montana Standard
To stop by Barrick’s website, CLICK HERE
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