COAL
US coal producer Alpha Natural Resources had been notified by the Wyoming Department of Environmental Quality's Land Quality Division (LQD) that the LQD believed the company no longer qualified under the ‘self-bonding’ programme in the state, under which Alpha avoided insurance or provisions of about $400-million to be used to cleanup its mines upon closure. Federal and state laws allowed certain financially robust companies to bypass obtaining surety bonds for a portion of the money required to secure payment of certain long-term obligations, including mine closure or reclamation costs, water treatment, federal and state workers’ compensation costs, obligations under federal coal leases and other miscellaneous obligations.
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