reclamation bonding

Reclamation bonding is a financial guarantee that a company involved in land development or resource extraction, like mining or drilling, will restore the site to its original or a safe condition after activities are completed. This bond ensures funds are available to cover cleanup, environmental restoration, or land rehabilitation if the company fails to fulfill their reclamation commitments. It protects the environment and public interest by holding companies financially accountable for their land-use impacts, even if they encounter financial or operational difficulties during or after their projects.