Section 108(b) of the Comprehensive Environmental Response, Compensation, and Liability Act (CERCLA) of 1980 establishes certain authorities concerning
financial responsibility requirements. U.S. EPA is currently developing a proposed rule to establish financial responsibly requirements for the
hard rock mining sector. EPA has already identified classes of hard rock mining facilities for which financial responsibility requirements will be first developed. In 2009, EPA identified classes of facilities within the Hardrock Mining industry as its priority for the development of financial responsibility requirements under CERCLA Section 108(b). In that notice, “hardrock mining” was defined as the extraction, beneficiation, or processing of metals (e.g., copper, gold, iron, lead, magnesium, molybdenum, silver, uranium, and zinc) and non-metallic, non-fuel minerals (e.g., asbestos, phosphate rock, and sulfur).
The proposed rule will establish requirements for financial responsibility, as well as notification and implementation requirements. EPA currently estimates that the proposed rule will be published in
April 2011.
Caltha LLP assists Sellers, prospective Buyers and their Lenders in meeting Due Diligence, Environmental Site Assessment and Environmental Review requirements. To request a quote on-line, go to Caltha Environmental Assessment Quote Web Page.
For further information contact Caltha LLP at
info@calthacompany.com
or
Caltha LLP Website
No comments:
Post a Comment