Mississippi Reclamation and Surface Mining Bond
Mississippi Surface Mining and Reclamation Bond The Surface Mining Control and Reclamation Act of 1977 ensures that before a mining permit is even issued, all applicants must submit a reclamation plan and post a surety bond to ensure they follow reclamation procedures. The mining project cannot begin until the plan is approved and a surety bond is secured. These bonds are required for coal or surface mining and ensure there is enough money to complete the reclamation plan. The bond amount must equal the amount of the proposed reclamation plan. Financials and credit may be used to determine premium amount.
