Increase in Golden Sunlight Mine Reclamation Bond
HELENA–The Montana Department of Environmental Quality has issued a final bond determination increasing the reclamation bond for the Golden Sunlight Mine, located near Whitehall.
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 the 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 DEQ Air, Energy and Mining Administrator Chris Dorrington. “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.”
The final bond determination letter can be viewed at: http://deq.mt.gov/Land/hardrock