Surety and the Energy and Mineral Industry

摘要

One of the hottest topics in the news right now is the financial condition of certain coal mining companies. It is critical that funds are available to reclaim the mined land. The surety industry provides bonds to all areas of the energy and mineral sector. Coal mine operators must furnish security to obtain state mining permits. In the vast majority of instances, that security is a surety bond. The bonds generally secure the obligation that the operator will reclaim the land at the completion of the mining operations.