America's Preferred Provider for All Types of Surety Bonds

Call Us: 888-278-7389

 
 
 
 
Request a Quote Email Us Viking Bond Service, Inc. Video Page
 

Reclamation Bond

What is a Reclamation Bond?

A Reclamation bond is a type of performance surety bond. This type of surety bond is required by the Bureau of Land Management (BLM) and also by some state government agencies that issue permits for mining type operations. Reclamation bonds are typically a requirement for a business that is seeking a permit to start mining or other related operations at a specific site. The reclamation bond provides a financial guarantee that the land being disturbed for the operation of the mine, or related activity, will be returned back to either its approximate original state or an acceptable condition agreed upon by the operator and the government agency.

Reclamation bond amounts are not standard. The amount required is usually based on a form of cost analysis used to determine the approximate cost to reclaim the land after the mining operations have ceased. Reclamation costs vary greatly depending on what type of mining operation is being conducted and the degree of impact on the land. Some land reclamation cost considerations include tasks such as (but not limited to):

  • Groundwater Restoration
  • Equipment removal and disposal
  • Building demolition and disposal
  • Topsoil replacement
  • Revegetation

Reclamation bonds are not restricted to mining type activity. Generally speaking, a reclamation bond may be required of any operation that alters the land to a degree that the land may not recover on its own post operation. A couple examples of operations that may be required to obtain a reclamation bond are waste recycling plants and waste water disposal facilities.

What does a Reclamation Bond do?

A Reclamation bond is put in place to guarantee that the land affected by mining or similar permitted operations, is returned back to its approximate pre-mining condition or an agreed acceptable condition. In the instance where a mine operator does not perform the land reclamation, the Surety, the company providing the guarantee behind the bond, may be called upon to uphold it’s financial responsibility to the reclamation bond. Typically, the Surety would either be able to pay out on the bond or manage the land reclamation operation themselves. In either instance, the mine operator is responsible for the financial expense incurred by the Surety. A Reclamation bond is not insurance and does not work like insurance. The mine operator is ultimately financially responsible for the land reclamation.

How much does a Reclamation Bond cost?

Reclamation bond rates vary greatly depending on the qualification of the bond applicant/s. The rates are determined based on many factors which include the credit and financial strength of the company and its owners.

The only way to get an accurate quote for a reclamation bond is to apply and let the underwriter review the request and put a quote together.

What is needed to apply for a Reclamation bond?

To apply for a Reclamation bond there are few items that are needed in addition to the bond application and a credit check:

  • Specific bond forms – The governing agency that is required a bond be put in place will typically require the bond be written on their specifically worded bond forms. A Surety underwriter will need to review that verbiage as part of the underwriting process.
  • Reclamation plan – This is the documentation that describes the land reclamation requirements.

A Viking agent can give the complete detail of what may be needed for your specific bond request.

How to Get Started with your Reclamation Bond request:

  1. Contact us to go over your bond request. Our agents will be able to tell you exactly what may be required to get a good quote for your specific reclamation bond request.
  2. Complete an application and send any required documentation.
  3. Once the application is received, an agent will work to get the best quote for the request.
  4. Once the quotes are received, the most favorable quote will be relayed. All Viking Bond Service, Inc. quotes are FREE with No Obligation.
  5. The last step is to simply pay the premium, and receive your Reclamation Surety Bond.

Request a Reclamation Bond Quote:

Free Quote
No Obligation

Name: First Name: Last Name: Phone: Email: Type of bond needed:
Amount: Bond State:
Are You (Choose): How did you find us?: Message Subject: Comments:

Viking Bond Service does not share or release email addresses, phone numbers or ANY other personal information to unauthorized third parties. Information is used for underwriting purposes only. View our Privacy Policy

Get Started:

Call Us: (888-278-7389)
More About Surety Bonds:
Auto Dealer Bonds Fast and Easy.

Viking can quote your Auto Dealer Bond within 24 hours. We provide great rates and accept good and bad credit.

Get your FMCSA Freight Broker Bond here.

Viking can get your Freight Broker bond requirement satisfied quickly. Quotes and fast, FREE with no obligation.

Utility Deposit Bonds

At times, a Utility Deposit Bond may be required by some public utilities to start service. Learn more and get a fast quote.

How to get an Auto Dealer Bond

If you need an Auto Dealer Bond, we can guide you every step of the process. Get all the information you need to move forward.

Need a Bond? Here's how to get one.

Learn about the bonding process. Viking will guide you step by step from application to bond in hand.

DMEPOS (Medicare/Medicaid) Bonds

A DMEPOS Bond is required of some durable medical equipment suppliers. Read on an get a FREE quote here.

Typical Performance Bond Cost, Rates, Premium

Performance Bond cost can vary based on several variables. Each application has unique aspects that affect the cost. Read about how the cost is figured.

Challenged Credit?

Credit challenges are not always a barrier to obtaining a Surety Bond. Often times, Viking can quote your request despite a poor credit rating.

FaceBook LinkedIn Twitter Manta FourSquare Yelp

Get Started:

Call Us: (888-278-7389)

Member:

Viking Bond Service, Inc. BBB Business Review NASBP Servis Key Surety Association of Arizona

Get Started:

Call Us: (888-278-7389)