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Division outlines multi‑year mineral surety review, recommends feasibility study
Summary
Utah's Division of Oil, Gas and Mining reported options to modernize mine bonding, including staged surety releases and captive insurance cells; the division will recommend a feasibility study in early 2026 and emphasized that federal rules limit pooled surety approaches.
Mick Thomas, director of the Utah Division of Oil, Gas and Mining, told the Natural Resources, Agriculture and Environment Interim Committee on Nov. 19 that the agency has spent about 10–12 months evaluating ways to modernize reclamation bonding for mines and will recommend a detailed feasibility study in early 2026.
"First and foremost, this is probably going to be at least a few‑year, multi‑year process," Thomas said. He outlined alternatives under review, including staged surety…
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