Internal Revenue Service

¾ Reclamation the act of returning the land to its original shape and or contour ¾ Abandonment and or disposition the relinquishment of the property by sale or contribution or abandonment General Tax Accounting Principles in the Mining Industry The mining industry maintains certain accounting practices and principles that are somewhat…

Cost of Coal Mine Cleanup Appalachian Voices

Jun 07 2018 · As of this March only 11 acres of the nearly 1 500 acres permitted for the mountaintop removal mine were disturbed By the time mining is finished the land will likely look completely different and Coker is skeptical about the efforts coal companies put into meeting requirements to restore the land to its previous state …

What Happens to the Land After Coal Mines Close DeSmogBlog

Mar 25 2018 · By Mark Olalde Climate Home News in Boone County WV and Paonia CO Eleven generations of Dustin White s family have lived in West Virginia Many of them were buried in a cemetery now surrounded by a massive mountaintop removal coal mine The Twilight mine which flattened and stripped an expanse of heavily forested mountains covering more than 3 5 square miles has met …

Depletion of Assets Boundless Accounting Lumen Learning

Depletion is similar to depreciation in that it is a cost recovery system for accounting and tax reporting Industries involved in mining timber petroleum and the extraction or use of natural resources are the types of businesses most affected by depletion The depletion base is the total cost …

Reclamation Bonds Office of Surface Mining

The U S Government s Official Website for the Office of Surface Mining Reclamation and Enforcement OSMRE OSMRE s business practices are to reclaim abandoned mine lands Title IV regulate active coal mines Title V and apply sound science through technology transfer …

How can land be restored after strip mining Answers

After strip mining people can restore land by a method called land reclamation or the process of restoring an area of land to a more natural productive state but it is more difficult and …

Land Rehabilitation

Land Rehabilitation is the process of attempting to restore an area of land back to its natural state after it has been damaged or degraded making it safe for wildlife and flora as well as humans …

Mining claims and mountain property for sale in Colorado

Mining claims and remote mountain property in Salida Colorado First Colorado Land Office Inc specializes in mining claims for sale in Salida Colorado Chaffee County San Luis Valley Lake County Buena Vista Collegiate Peaks and surrounding areas …

Abandoned Mine Reclamation Guide Montana DEQ

reclamation Actions taken to restore mined land or to abate control or prevent the adverse effects of mining as required by Montana and federal law to a post mining land use approved by the DEQ reclamation specialists Staff members of the DEQ Remediation Division who obtain funding design and manage reclamation projects …

Abandoned Mine Lands Superfund US EPA

Abandoned Mine Lands are those lands waters and surrounding watersheds where extraction beneficiation or processing of ores and minerals excluding coal has occurred These lands also include areas where mining or processing activity is inactive …

Journalizing Adjusting Entries for Depletion Financial

If there is an obligation to restore the land to a usable condition the firm adds these estimated restoration costs to the costs to develop the site In the example where the land was purchased the total costs of the mineral deposits equal the cost of the site 650 000 minus the residual value of land 50 000 plus costs to develop the …

How to Account for Decommissioning Provision under IFRS

It means that you do NOT recognize a decommissioning provision in profit or loss but in your assets as a part of an item of PPE Finally there s a pronunciation IFRIC 1 Changes in Existing Decommissioning Restoration and Similar Liabilities dealing with subsequent measurement of a provision and recognition of its changes …

Mining Reclamation NYS Dept of Environmental Conservation

More about Mining Reclamation 2017 Summary Trends Mined Land Reclamation Mined land reclamation industry at a glance including mine types and permits geographic occurrence owner types trends acreage statistics reclamation financial security and enforcement Mining In New York State New York State ranks in or near the top third of the states in the value of its mineral production …

Minerals and Mining Program DENR

Minerals and Mining Program Mining Frequently Asked Questions Do I need a mine permit to operate a dredge What laws govern the filing of mining claims Can you tell me if my stock certificate has any value Where can I get a list of South Dakota mining operators Where can I find leasing or mineral rights information …

Costs of Remediation at Mine Sites EPA

Costs of Remediation 1 0 INTRODUCTION Costs associated with the remediation of modern mine sites are not well documented in the public record of published literature for several reasons including the following Remedial measures may be designed and implemented in response to compliance and enforcement actions chemical spill events state permit requirements etc …

Reclamation Bureau of Land Management

RECLAMATION Reclamation helps to ensure that any effects of oil and gas development on the land and on other resources and uses are not permanent The ultimate objective of reclamation is ecosystem restoration including restoration of any natural vegetation hydrology and wildlife habitats affected by surface disturbances from construction and operating activities at an oil…

After the mining what s next Overseas mine

One of the best examples of restoring a post mining landscape comes from Europe where uranium mining by the once feared and secret Wismut company had created a environmental tragedy …

Abandoned Mine Lands Program – Div of Mining Land and Water

3 Restoration of eligible lands and waters and the environment previously degraded by adverse effects of past coal mining practices including measures for the conservation and development for soil water excluding channelization woodland fish and wildlife recreation resources and agricultural productivity …

POST MINING REHABILITATION LAND USE AND

POST MINING REHABILITATION LAND USE AND POLLUTION AT COLLIERIES IN SOUTH AFRICA D Limpitlaw1 M Aken2 H Lodewijks2 and J Viljoen3 1 Centre for Sustainability in Mining and Industry 2 Anglo Coal 3 BHP Billiton ABSTRACT Coal mining in South Africa is a mature industry and there are large numbers of closed…

Returning Mined Land to Productivity Through Reclamation

For example Natural Resources Canada has estimated that less than 0 01 of Canada s total landmass was used in metal and mineral mining in over 100 years 2 Similarly Haigh estimated that mining affected 0 16 of the U S landmass from 1940 to 1971 3 However even if mining affects a relatively small amount of land its impact can be …

Galamsey Govt to spend GHȻ60 000 to reclaim one hectare

A hectare of degraded land caused by the activities of illegal small scale miners will cost the government GHȻ60 000 to restore it to the natural state Mr John Peter Amewu the Minister of Lands …

Mining Waste Treatment Technology Selection Technology

These costs included some reshaping of the waste piles Covering the piles with 2 feet of native soil as required by Minnesota Mine Land Reclamation laws generally costs about 8 000 to 10 000 acre Eger Melchert and Wagner 2000 7 Regulatory Considerations…

Reclamation Closure Province of British Columbia

All mining operations must carry out a program of reclamation and environmental protection to ensure that upon closure of a mine land watercourses and cultural heritage resources will be returned to a safe and environmentally sound state …

1 0 MINE RECLAMATION COSTING AND SPREADSHEET

2 1 Aggregating Outstanding Cost Over Life of Mine At start of mining construction of roads and clearing of plant site pit and dump areas the rate of surface disturbance is high However the unit cost of reclaiming this type of work is relatively low usually in the order of 1500 per ha and it …

Coal Slides How to Reclaim Land Damaged by Coal Mining

May 05 2010 · While the main environmental concern of mountaintop mining has been the aftereffects on the watershed and downstream runoff there is a consequence that is often ignored restoring mined lands …

Reclamation Closure Province of British Columbia

British Columbia s world class reclamation laws ensure that upon mine closure land watercourses and cultural heritage resources are returned to a safe and environmentally sound state Before starting work at a mine site companies are required to obtain a permit approving the mine plan a program for protection of the land and watercourses …

Acctg 471 C 10 Flashcards Quizlet

Mining ventures purchases land and the rights to explore for 100 00 Exploration costs are 20 000 and development costs are 30 000 The estimated cost of restoration calculated as the present value of expected cash outflows is 50 000 The journal entry to record the acquisition of the mine will include which of the following entries …

Cost Analysis The Costs of Restoration

However the total cost of a seagrass restoration project can be more than five times that amount or about 245 000 per acre By far the greatest single cost of restoring seagrass is the cost of monitoring the project after its completion …

Land Restoration a Natural Part of the Mining Process for

Sep 01 2016 · Peabody like many responsible coal producers views land restoration as an essential part of the mining process restoring high value lands for rangeland wildlife habitat hardwood forest prime farmland and wetlands Over the past decade Peabody has spent 185 million to restore approximately 48 000 acres of land …

Restoration of mined lands using natural processes

Mining causes soil damage and destruction In the process of removing the desired mineral material original soils become lost or buried by wastes In many countries legislation now requires that surface soils be conserved and replaced but there is a vast heritage of degraded land left by past mining that requires restoration …

Abandoned Mine Site Characterization and Cleanup Handbook

The Abandoned Mine Site Characterization and Cleanup Handbook Handbook is the result of the collective efforts and contributions of a number of individuals During the earliest days of Handbook development Mike Bishop of EPA Region 8 lead the effort to develop a Superfund Mine Waste Reference Document for EPA project managers working on mine…

Kenneth L Leathers

The estimated cost of reclaiming land strip mined for coal in the West averaged 3 500 per acre in 1976 This was equivalent to 5 cents per ton of coal produced or less than 1 percent of mine …

Solved For 20 million Ross Adams Mining acquired a

Ross Adams believes the most economical way to extract the coal is to strip mine the site The company is required by environmental regulations to restore the land after it has extracted the coal to a condition suitable for recreational use and given the intended mining method estimates restoration costs …

Ecological Restoration of Coal Mine Degraded Lands

The establishment of native vegetation cover has been given much attention in order to restore post mining land Before the chopping of trees and understory vegetation in order to mine the land the preparation of an inventory of all species is a vital step to restoring land to close to pre mining conditions This is the high cost low …

Abandoned Mine Land Reclamation Program

The Surface Mining Control and Reclamation Act SMCRA of 1977 as amended created this program Provisions of the act set standards for today s coal companies as they reclaim past mining areas while they mine others and post bonds to cover the cost if unable to reclaim current coal mines Abandoned mine land areas…

Standardized Reclamation Cost Estimator SRCE NDEP

Standardized Reclamation Cost Estimator SRCE Nevada Standardized Reclamation Cost Estimator and Cost Data File The Nevada Standardized Reclamation Cost Estimator Version 1 4 1 SRCE is the agency approved EXCEL workbook file that contains standardized cost data utilized by the SRCE model to calculate reclamation bonding requirements …

Cleaning Up Mining Waste PERC The Property and

Cleaning Up Mining Waste Political Economy Research Center Stuart Buck and Da vid Gerard Research Study 01 1 November 2001 2 environmental damage is caused by the remnants of mining operations that ceased decades ago prior to modern environmental concerns and standards …

Abandoned Mine Lands Investigation and Restoration Services

The Azurite Mine is an abandoned gold mine in a remote area in the North Cascades of Washington State Since 2004 CES has been working for Region 6 of the Forest Service on this CERCLA project including the Site Inspection Reprocessing Study Removal Design and Removal Action implementation …

 

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