cost of restoring mining lands

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Returning Mined Land to Productivity Through Reclamation .

Thus, mining and restoration can be completed continuously and progressively throughout the life of a mine. The costs associated with these restoration activities can be substantial: One estimate suggests US 1.5 million per mine, although varied mine sizes, regulatory regimes, or the presence of legacy reclamation costs could result in wide .

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Standardized Reclamation Cost Estimator (SRCE) | NDEP

Standardized Reclamation Cost Estimator (SRCE) Nevada Standardized Reclamation Cost Estimator and Cost Data File. The Nevada Standardized Reclamation Cost Estimator Version 1.4.1 (SRCE) is the agency approved EXCEL workbook file that contains standardized cost data utilized by the SRCE model to calculate reclamation bonding requirements.

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Financial reporting in the mining industry International .

International Financial Reporting Standards (IFRS) provide the basis for financial reporting to the capital markets in an increasing number of countries around the world. Over 100 countries either use or are adopting IFRS. Those companies already on IFRS have their own challenges as the pace of standard-setting from the International

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Natural Resources and Depletion | Financial Accounting

When property is purchased, a journal entry assigns the purchase price to the two assets purchased—the natural resource and the land. If we purchased an ore mine for 650,000 cash and we determined the land value was 50,000 and the Ore Deposit value was 600,000, the entry would be:

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IFRS and the mining industry - IAS Plus

be measured either at cost or on a revaluation model based on fair value, if the latter is reliably measurable. We do not expect many mining companies to elect a revaluation model, but expect consideration to be given to transition-date adjustments. 3. Provisions / Asset Retirement Obligations (including decommissioning and restoration costs)

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Reclamation & Closure - Province of British Columbia

British Columbia's world-class reclamation laws ensure that upon mine closure, land, watercourses and cultural heritage resources are returned to a safe and environmentally sound state. Before starting work at a mine site, companies are required to obtain a permit approving the mine plan, a program for protection of the land and watercourses .

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Mine reclamation - Wikipedia

Mine reclamation is the process of restoring land that has been mined to a natural or economically usable state. Although the process of mine reclamation occurs once mining is completed, the planning of mine reclamation activities occurs prior to a mine being permitted or started.

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How to Account for Decommissioning Provision under IFRS .

It means that you do NOT recognize a decommissioning provision in profit or loss, but in your assets as a part of an item of PPE. Finally, there's a pronunciation IFRIC 1 Changes in Existing Decommissioning, Restoration and Similar Liabilities dealing with subsequent measurement of a provision and recognition of its changes.

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POST-MINING REHABILITATION, LAND USE AND .

POST-MINING REHABILITATION, LAND USE AND POLLUTION AT COLLIERIES IN SOUTH AFRICA D. Limpitlaw1, M. Aken2, H. Lodewijks2 and J. Viljoen3 1 Centre for Sustainability in Mining and Industry 2 Anglo Coal 3 BHP Billiton ABSTRACT Coal mining in South Africa is a mature industry and there are large numbers of closed

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Recording a Mining Claim or Site | Bureau of Land Management

Recording a Mining Claim or Site. As established by Section 314 of the Federal Land Policy and Management Act (FLPMA), as amended, claims and sites must be recorded with the proper BLM state office within 90 days of the date of location and recorded .

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Auditing & Accounting: Provision for restoration cost .

Jan 03, 2013 · A provision for instatement cost / restoration cost need to be recorded, as it is an existing obligation of the audit client. This amount relates to the cost to be incurred to reinstate the lease space back to its original state. This amount can be estimated by obtaining quotation from the renovator / building contractor. The accounting entries .

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1.0 MINE RECLAMATION COSTING AND SPREADSHEET

2.1 Aggregating Outstanding Cost Over Life of Mine At start of mining, (construction of roads and clearing of plant site, pit and dump areas), the rate of surface disturbance is high. However, the unit cost of reclaiming this type of work is relatively low (usually in the order of 1500 per ha), and it .

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Cleaning Up Mining Waste

material at the Blackfoot Tailings site in Montana—an abandoned gold mine on Forest Service land—cost almost 250,000.16 If there is an acid drainage problem, remediation costs often exceed 1 million, even if the mine had a modest production history. The average cost .

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Assessment, Restoration and Reclamation of Mining .

Assessment, Restoration and Reclamation of Mining Influenced Soils covers processes operating in the environment as a result of mining activity, including the whole spectra of negative effects of anthropopressure and the environment, from changes in soil chemistry, changes in soil physical properties, geomechanical disturbances, and mine water discharges.

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Cookie Mining: Ore Production & Cost-Benefit Analysis .

How did knowing in advance that the land must be restored affect the time you took for mining? (Expect students to say that knowing this increased the mining time [and cost] because of the extra care taken to minimize land [cookie] destruction during mining and the time taken to restore the land after mining.)

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Abandoned Mine Site Characterization and Cleanup Handbook

The Abandoned Mine Site Characterization and Cleanup Handbook (Handbook) is the result of the collective efforts and contributions of a number of individuals. During the earliest days of Handbook development, Mike Bishop of EPA Region 8 lead the effort to develop a Superfund Mine Waste Reference Document for EPA project managers working on mine

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A Handbook for Reclaiming Sand and Gravel Pits in Minnesota

mining operation generally is small, the combined acreage nationwide is substantial. Nearly one million acres were affected by sand and gravel mining in the U.S. in a recent 40-year period. Less than a third of these acres were reclaimed. In Minnesota, sand and gravel mining .

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Report on Abandoned Mine Land Reclamation Economic .

The Abandoned Mine Land Reclamation Economic Development Pilot Program (AML Pilot) for FY 2016 was authorized by Congress under the Consolidated Appropriations Act, 2016 (Public Law 114-113) and enacted on December 18, 2015. Administered by the Office of Surface Mining

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Mine Rehabilitation and Closure Cost

Mine Rehabilitation and Closure Cost: A Hidden Business Risk 6 6 Mine Closure and Rehabilitation Risks Undervaluation of closure costs can impact the balance sheet A "sleeper" contingent liability impacts the valuation of the company particularly those mining companies with low cash flow and a narrow asset base.

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Cost of Coal Mine Cleanup > Appalachian Voices

Jun 07, 2018 · As of this March, only 11 acres of the nearly 1,500 acres permitted for the mountaintop removal mine were disturbed. By the time mining is finished, the land will likely look completely different — and Coker is skeptical about the efforts coal companies put into meeting requirements to restore the land to its previous state.

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Citizen's Guide to Coal Mining and Reclamation in Illinois

The Surface Coal Mining Land Conservation and Reclamation Act was passed on June 1, 1980, to be implemented with adoption of the permanent regulatory program. In May 1982, the Secretary of the Department of the Interior approved the Illinois program, thus implementing the permanent regulatory program for surface coal mining and reclamation in .

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Reclaiming and Restoring Lands Degraded from Mining .

Reclaiming and Restoring Lands Degraded from Mining Research Issue. Mining operations in the eastern United States have heavily degraded extensive areas of land, especially in West Virginia.

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Abandoned Mine Land Reclamation Programs

A state-funded abandoned mine land reclamation program for Ohio was realized with the establishment of the Unreclaimed Lands Fund in 1972. The fund is utilized to complete reclamation projects on public and private lands affected by surface mining prior to April 10, 1972.

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Land Restoration a Natural Part of the Mining Process for .

Sep 01, 2016 · Peabody, like many responsible coal producers, views land restoration as an essential part of the mining process, restoring high-value lands for rangeland, wildlife habitat, hardwood forest, prime farmland and wetlands. Over the past decade, Peabody has spent 185 million to restore approximately 48,000 acres of land.

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Smithson Mining operates a silver mine in Nevada .

Acquisition, exploration, and development costs totaled 7.2 million. After the silver is extracted in approximately five years, Smithson is obligated to restore the land to its original condition .

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Journalizing Adjusting Entries for Depletion | Financial .

If there is an obligation to restore the land to a usable condition, the firm adds these estimated restoration costs to the costs to develop the site. In the example where the land was purchased, the total costs of the mineral deposits equal the cost of the site ( 650,000) minus the residual value of land ( 50,000) plus costs to develop the .

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After the mining, what's next? Overseas mine .

One of the best examples of restoring a post-mining landscape comes from Europe, where uranium mining by the once feared and secret Wismut company had created a environmental tragedy .

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Coal mine reclamation - SourceWatch

Coal mine reclamation is the rehabilitation of land after coal mining operations have stopped. It is a requirement of the Surface Mining Control and Reclamation Act (SMCRA) of 1977. As mining operations cease bulldozers and scrapers are used to reshape the disturbed area.

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About Mining and Minerals | Bureau of Land Management

About Mining and MineralsThe Mining Law, as amended, opened the public lands of the United States to mineral acquisition by the location and maintenance of mining claims. Mineral deposits subject to acquisition in this manner are generally referred to as "locatable minerals." Locatable minerals include both metallic minerals (gold, silver, lead, copper, zinc, nickel, etc.)

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Mining Waste Treatment Technology Selection—Technology .

These costs included some reshaping of the waste piles. Covering the piles with 2 feet of native soil, as required by Minnesota Mine Land Reclamation laws, generally costs about 8,000 to 10,000 /acre (Eger, Melchert, and Wagner 2000). 7. Regulatory Considerations

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Abandoned Mine Land Reclamation Program

The Surface Mining Control and Reclamation Act (SMCRA) of 1977, as amended, created this program. Provisions of the act set standards for today's coal companies as they reclaim past mining areas while they mine others and post bonds to cover the cost if unable to reclaim current coal mines. Abandoned mine land areas

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Mining & Reclamation - NYS Dept. of Environmental Conservation

More about Mining & Reclamation: 2017 Summary & Trends - Mined Land Reclamation - Mined land reclamation industry at a glance including mine types and permits, geographic occurrence, owner types, trends, acreage statistics, reclamation, financial security and enforcement.; Mining In New York State - New York State ranks in or near the top third of the states in the value of its mineral production.

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Case Studies of Successfully Reclaimed Mining Sites .

Actually, Northumberlandia is considered a restoration-first project, wherein mining operations are ongoing while an extra piece of land near the mine was converted to a large public park, partly using material excavated from the mine. The cost of the project was £3 million (double the average costs for a mine reclamation project); both the .

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Restoration of mined lands—using natural processes .

Mining causes soil damage and destruction. In the process of removing the desired mineral material, original soils become lost, or buried by wastes. In many countries legislation now requires that surface soils be conserved and replaced, but there is a vast heritage of degraded land left by past mining that requires restoration.

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Reclamation | Bureau of Land Management

RECLAMATION Reclamation helps to ensure that any effects of oil and gas development on the land and on other resources and uses are not permanent. The ultimate objective of reclamation is ecosystem restoration, including restoration of any natural vegetation, hydrology, and wildlife habitats affected by surface disturbances from construction and operating activities at an oil

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Land Rehabilitation - Investopedia

May 30, 2018 · Land Rehabilitation: A re-engineering process that attempts to restore an area of land back to its natural state after it has been damaged as a result of some sort of disruption. The process .

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Mining 2020 | Laws and Regulations | Ghana | ICLG

2.1 Are there any recent political developments affecting the mining industry? Ban on small scale mining. In response to concerns about the small-scale mining sector, accused of causing major pollution of water bodies in the country, the Ministry of Lands and National Resources launched a project dubbed "The Multilateral Integrated Mining Approach which hinges on three pillars – the Law .

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Reclamation Seed - Great Basin Seeds

Reclamation Seed for every purpose, every agency! We specialize in reclamation seed, custom seed mixes and application solutions for disturbed land and reclamation. We inventory over 350 native and introduced species commonly used for reclamation throughout the USA and Canada for: Open-pit, strip mine and abandoned mine reclamation

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Returning Mined Land to Productivity Through Reclamation .

For example, Natural Resources Canada has estimated that less than 0.01% of Canada's total landmass was used in metal and mineral mining in over 100 years. 2 Similarly, Haigh estimated that mining affected 0.16% of the U.S.landmass from 1940 to 1971. 3 However, even if mining affects a relatively small amount of land, its impact can be .

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Depletion of Assets | Boundless Accounting - Lumen Learning

Depletion is similar to depreciation, in that it is a cost recovery system for accounting and tax reporting. Industries involved in mining, timber, petroleum, and the extraction or use of natural resources are the types of businesses most affected by depletion. The depletion base is the total cost .

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Minerals and Mining Program - DENR

Minerals and Mining Program Mining Frequently Asked Questions. Do I need a mine permit to operate a dredge? What laws govern the filing of mining claims? Can you tell me if my stock certificate has any value? Where can I get a list of South Dakota mining operators? Where can I find leasing or mineral rights information?

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What Happens to the Land After Coal Mines Close? | DeSmogBlog

Mar 25, 2018 · By Mark Olalde, Climate Home News, in Boone County, WV and Paonia, CO. Eleven generations of Dustin White's family have lived in West Virginia. Many of them were buried in a cemetery now surrounded by a massive mountaintop removal coal mine. The Twilight mine, which flattened and stripped an expanse of heavily-forested mountains covering more than 3.5 square miles, has met .

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Abandoned Mine Lands Investigation and Restoration Services

The Azurite Mine is an abandoned gold mine in a remote area in the North Cascades of Washington State. Since 2004, CES has been working for Region 6 of the Forest Service on this CERCLA project, including the Site Inspection, Reprocessing Study, Removal Design, and Removal Action implementation.

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Mining and Economics Flashcards | Quizlet

Start studying Mining and Economics. Learn vocabulary, terms, and more with flashcards, games, and other study tools. . Company must restore land to premising capability and regulates environmental effects of coal mining. . - It ensures the restoration of abandoned mining areas.

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Solved: For 20 million, Ross Adams Mining acquired a .

Ross Adams believes the most economical way to extract the coal is to strip-mine the site. The company is required by environmental regulations to restore the land after it has extracted the coal to a condition suitable for recreational use and—given the intended mining method—estimates restoration costs .

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Mining & Reclamation - NYS Dept. of .

More about Mining & Reclamation: 2017 Summary & Trends - Mined Land Reclamation - Mined land reclamation industry at a glance including mine types and permits, geographic occurrence, owner types, trends, acreage statistics, reclamation, financial security and enforcement.; Mining In New York State - New York State ranks in or near the top third of the states in the value of its mineral production.

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Rehabilitation Of Mining Sites: Do Taxation And Accounting .

Rehabilitation Of Mining Sites: Do Taxation And Accounting Systems Legitimize The Privileged Or Serve Community Interests? Natalie P. Stoianoff University of Wollongong, [email protected] Mary A. Kaidonis University of Wollongong, [email protected] Research Online is the open access institutional repository for the University of Wollongong.

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Land Rehabilitation

Land Rehabilitation is the process of attempting to restore an area of land back to its natural state after it has been damaged or degraded, making it safe for wildlife and flora as well as humans.

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Study 75 Terms | Chapter 10 LS Flashcards | Quizlet

Mega Mines acquires a new mine for 1,000,000. Mega Mindes determines at the date if acquisition that it will cost 140,000 to restore the land when the mining process is complete in 5 years. Mega Mines has a legal obligation to remove the equipmet upon completion of th eminig activities.

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The True Cost of Coal - Ground Truth Trekking

Most coal mining in the U.S. is surface mining, which includes strip mining and mountaintop removal. In surface mines, the original ecosystem at the mine site is destroyed in the process of removing the coal. Coal companies are required to plant vegetation to reclaim the site after mining, restoring the original ecosystem may be difficult, particularly in wetlands areas.

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Cost Analysis - The Costs of Restoration

However, the total cost of a seagrass restoration project can be more than five times that amount, or about 245,000 per acre. By far, the greatest single cost of restoring seagrass is the cost of monitoring the project after its completion.

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Internal Revenue Service

the U.S. mining industry. These mining operations include prospecting, exploration, development, production, mineral processing, environmental restoration and reclamation, and marketing of mineral products. An ore is a mineral or combination of minerals from which useful substances, such as metals, can be economically recovered.

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really Accounting help? | Yahoo Answers

Jul 11, 2010 · Henrik Mining Company purchased land on February 1, 2010, at a cost of 1,289,100. It estimated that a total of 60,000 tons of mineral was available for mining. After it has removed all the natural resources, the company will be required to restore the property to its previous state because of strict environmental protection laws. It estimates the fair value of this restoration obligation at .

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Rebuilding land destroyed by oil-sands may not restore it .

Mar 11, 2012 · Rebuilding land destroyed by oil-sands may not restore it, researchers say . A pickup truck leads a haul vehicle at an oil sands mine near Fort .

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Coal Slides - How to Reclaim Land Damaged by Coal Mining

May 05, 2010 · While the main environmental concern of mountaintop mining has been the aftereffects on the watershed and downstream runoff, there is a consequence that is often ignored: restoring mined lands .

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Farmland Restoration | Drawdown

First cost for the farmland restoration solution is US 446.33 per hectare, based on meta-analysis of 43 data points from 10 sources. There is no conventional first cost for comparison, as the land is assumed to have been abandoned for some time. The net profit margin is US 485.5 per hectare per year, based on 29 data points from 4 sources.

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Abandoned Mine Lands Program – Div. of Mining, Land, and Water

3. Restoration of eligible lands and waters and the environment previously degraded by adverse effects of past coal mining practices, including measures for the conservation and development for soil, water (excluding channelization), woodland, fish and wildlife, recreation resources, and agricultural productivity.

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Ecological Restoration of Coal Mine Degraded Lands .

The establishment of native vegetation cover has been given much attention, in order to restore post-mining land. Before the chopping of trees and understory vegetation in order to mine the land, the preparation of an inventory of all species is a vital step to restoring land to close to pre-mining conditions. . This is the high cost, low .

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Abandoned Mine Lands | Superfund | US EPA

Abandoned Mine Lands are those lands, waters, and surrounding watersheds where extraction, beneficiation, or processing of ores and minerals (excluding coal) has occurred. These lands also include areas where mining or processing activity is inactive.

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NSW Mine Rehabilitation - NSW Mining

Sep 18, 2019 · While mining land use is very minimal in NSW, we want the land we do mine to have a long and fruitful life when mining is complete, and there's no reason why it can't. Before mining begins, we work with government authorities to determine the post-mining use of the land and develop a rehabilitation plan.

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Abandoned Mine Reclamation Guide - Montana DEQ

reclamation: Actions taken to restore mined land or to abate, control or prevent the adverse effects of mining as required by Montana and federal law to a post-mining land use approved by the DEQ. reclamation specialists : Staff members of the DEQ Remediation Division who obtain funding, design, and manage reclamation projects.

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Reclamation & Closure - Province of British Columbia

All mining operations must carry out a program of reclamation and environmental protection to ensure that upon closure of a mine, land, watercourses and cultural heritage resources will be returned to a safe and environmentally sound state.

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Costs of Remediation at Mine Sites, - EPA

----- Costs of Remediation 1.0 INTRODUCTION Costs associated with the remediation of modern mine sites are not well documented in the public record of published literature for several reasons, including the following: • Remedial measures may be designed and implemented in response to compliance and enforcement actions, chemical spill events, state permit requirements, etc.

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Mining claims and mountain property for sale in Colorado

Mining claims and remote mountain property in Salida, Colorado. First Colorado Land Office, Inc. specializes in mining claims for sale in Salida, Colorado, Chaffee County, San Luis Valley, Lake County, Buena Vista, Collegiate Peaks, and surrounding areas.

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Wetland Restoration and Creation - USGS

The Natural Resources Conservation Service and the U.S. Fish and Wildlife Service probably will contribute the most information on practical, low-cost approaches to wetland restoration under the 1990 Farm Bill (Food, Agriculture Conservation and Trade Act of 1990-(P.L.101-624) and the Wetland .

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What Happens to the Land After Coal Mines Close? | DeSmog

Mar 25, 2018 · By Mark Olalde, Climate Home News, in Boone County, WV and Paonia, CO. Eleven generations of Dustin White's family have lived in West Virginia. Many of them were buried in a cemetery now surrounded by a massive mountaintop removal coal mine. The Twilight mine, which flattened and stripped an expanse of heavily-forested mountains covering more than 3.5 square miles, has met .

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AML Reclamation Program | How It Works

How it works /. Abandoned Mine Land Reclamation Program. The Abandoned Mine Land (AML) Reclamation Program uses fees paid by present-day coal mining companies to reclaim coal mines abandoned before 1977. This makes these areas safer for people and the environment.

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