Foreign experience in providing financial assurance for mine closure and reclamation in the industrial use of subsoil
About authors
- 1 — under-graduate student ru National Mineral Resources University (Mining University)
- 2 — Ph.D. associate professor ru National Mineral Resources University (Mining University)
Abstract
The article describes the current situation of the problem of financial provision for mine closure and reclamation in Russia, as well as conditions of the Russian legislation about this question. The characteristic of international experience in providing financial assurance for the liquidation and rehabilitation operations is presented. The basic used instruments of financial assurance are described. The problems concerned with the implementation of the financial assurance in Russia are determined, as well as the solutions of them are offered.
Область исследования:
(Archived) Economics and management
References
- The law of Russian Federation «About the subsoil» from 21.02.1992. N 2395-1 (red. 30.12.2012 // The Russian newspaper. 15.03.1995. N 52.
- The federal law of Russian Federation «About production sharing agreements» from 30.12.1995. No 225-ФЗ(red. 19.07.2011) // The Russian newspaper. 11.01.1996. N 5.
- Financial assurance for mine closure and reclamation // Report – International council «On Mining and Metals», February, 2005.
- Financial Surety. Guidelines for the Implementation of financial surety for mine closure – World Bank, June, 2009.
- Guidance Paper: Financial Assurance for Mine Closure and Reclamation // International council «On Mining and Metals», March, 2006.
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