Abandoned Mine Reclamation Glossary
743 terms total — 2 showing — Last updated 26 Oct 2026
Closure Financial Assurance
A regulatory mechanism requiring mining operators to establish monetary reserves or financial instruments sufficient to fund complete reclamation and long-term site management. The assurance amount is calculated based on detailed closure cost estimates and is held in escrow or bonded accounts.
Closure Performance Bond
A financial guarantee, typically required by regulatory agencies, that ensures sufficient funds exist for a mining compa...
performance bond
A financial instrument required by law to guarantee that mining companies will complete reclamation work according to ap...