Anglo American sells coal assets to Peabody for $3.8bn
The move is the first of four big asset divestments Anglo announced in May, after it fought off a $49bn hostile takeover attempt from BHP.
On all mine sites in Pennsylvania, operators are required to post bonds in order to guarantee that the reclamation obligations stipulated in the approved mining permit will be met. The bonding program is administered by the Pennsylvania Department of Environmental Protection’s (PA DEP’s) Bureau of Mining and Reclamation. The methods for calculating bond amounts for coal versus non-coal (i.e., industrial minerals) are different, although the objectives of the bonds are the same. The differences in the methods of bonding for coal and industrial minerals as well as the evolution of the current bonding systems are described in this issue of Portal To The Mining Industry…..Bonding of Coal and Industrial Mineral Operations in Pennsylvania
