Bond Increase Proposed for Stillwater Nye Mine - news.mt.gov

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Bond Increase Proposed for Stillwater Nye Mine

Comments being accepted until June 10, 2016

Thursday, May 26, 2016/Categories: Department of Environmental Quality/Tags:

Helena -- The Montana Department of Environmental Quality has completed a comprehensive five-year bond review of the operating permit held by Stillwater Mining Company for the Nye Mine. The mine is located in Stillwater County.

The review demonstrated that the current bond does not accurately reflect the estimated cost to the state to ensure compliance with the Metal Mine Reclamation Act. As a result, DEQ is proposing to increase the bond from the current level of $19,500,000 to $21,183,643.

The bond increase reflects the mine closure plan approved under Amendment 011 and increases in the cost of equipment and personnel since the last bond was calculated. The proposed increase also includes additional bond required due to DEQ’s approval of amendments and minor revisions to the operating permit.

DEQ will issue a final bond determination in 30 days.

Comments on the proposed bond increase or requests for additional information should be sent to: Montana Department of Environmental Quality, Hard Rock Mining Bureau, P.O. Box 200901, 1520 E. Sixth Ave., Helena, MT 59620-0901, or by calling Herb Rolfes at (406) 444-3841 or email at: hrolfes@mt.gov Comments must be received by June 10, 2016.

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