Board of Minerals and Environment Telephone Conference Meeting Agenda April 2026
Federal Insurance Surety for Homestake Increased for 2026
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Description
The Board of Minerals and Environment approved a rider from Federal Insurance Company that increases the post-closure surety bond for Homestake Mining Company Mine Permits 332 and 456 to $86,035,509 for 2026. This maintains required financial assurance levels under the board’s bonding schedule.
Contract Details
Contract Amount
$86,035,509
Vendor
FEDERAL INSURANCE COMPANY
Agency
South Dakota Department of Environment & Natural Resources | Board of Minerals and Environment, SD
Contract Type
INSURANCE
Document Date
April 16, 2026
Contract Term
One-year automatic extension for 2026
Renewal Date
2026-12-31
Renewal Info
Bond is automatically extended annually with face value adjusted to the bonding schedule established by the board; rider for 2026 increases amount to $86,035,509.
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ONGOINGIssuing Agency
South Dakota Department of Environment & Natural Resources | Board of Minerals and Environment
State
Pierre, SD
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South Dakota Board of Minerals and Environment Agenda 2026-05-18
South Dakota Board of Minerals and Environment Agenda 2026-05-18
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