EPA Initiates Finance Rules For Hardrock Mining Cos.

Law360, New York (July 13, 2009, 12:00 AM EDT) -- The U.S. Environmental Protection Agency has singled out the hardrock mining industry as the first one it will require to start posting bonds to cover the costs of hazardous waste cleanup, a move that environmental groups are calling a first step in closing a legal loophole they claim has let companies off the hook for Superfund costs by declaring bankruptcy.

The agency will be developing the financial requirements to hold companies financially accountable for hazardous waste cleanup under the Comprehensive Environmental Response, Compensation and Liability Act,...
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