1 (844) 589-9732 info@ameriprosuretybonds.com

South Carolina Reclamation Bond

The South Carolina reclamation bond is available from our agency in whatever amount you require as a prerequisite for licensing. Please call AmeriPro Surety Bonds today at 844-589-9732.

South Carolina Reclamation Bond |

AmeriPro Surety Bonds | 844-589-9732

 

 

 

Reclamation – South Carolina

 

 

 

South Carolina statutorily defines reclamation as, “…the reasonable rehabilitation of the affected land for useful purposes and the protection of the natural resources of the surrounding area.” Section 48-20-40 of the South Carolina statutes.

The United States Office of Surface Mining Reclamation and Enforcement is the governmental entity charged with mandating this surety bond requirement.

 

 

 

Amount of Surety Bond Required and Qualifying

 

 

 

The type of work being done will determine the amount of surety bond required.

  • For a certificate of exploration, a $2500 surety bond is required;
  • For a reclamation of less than 10 acres, a $10,000 surety bond is required;
  • If the area being reclaimed is more than 10 acres, but less than 15 acres, a $15,000 surety bond is required;
  • If the area being reclaimed is more than 15 acres, a $25,000 surety bond is required;
  • Finally, if the area being reclaimed is greater than 25 acres, the Department will inform you how much surety bond is required.

Qualifying will be by means of completion a short surety bond application and a credit inquiry.

 

 

 

Estimated Premium Amount

 

 

 

The premium represents the price that you will pay for the bond’s issuance. The amount is typically about 1% of the amount of surety bond required; however, the type of work being done may affect the bond amount.

In the present instance this means that even the an amount of surety may be the same, the amount of premium could differ depending on the nature of the work being or to be performed.

 

 

 

Purpose of this Surety Bond

 

 

 

The purpose of this surety bond requirement is to serve as a financial guarantee that you will be in compliance with all laws regarding reclamation.

To the extent applicable, the bond is a guarantee that you will also act according to the rules of the South Carolina Mining Act.

 

 

 

About Us

 

 

 

AmeriPro Surety Bonds is a surety bonds only agency. We provide license and permit surety bonds throughout South Carolina.

Our agency also provides surety bonds nationwide.

Please call us today at:

844-589-9732

Or, you may fill out the form below and an agent will contact you….

Apply Today!

  • Date Format: MM slash DD slash YYYY
  • While you don't have to complete the address field, doing so enables AmeriPro Surety Bonds to better determine exactly where you have a surety bond need. Please note: We do not share or rent your address to anyone, except for underwriting purposes associated with your bond.
  • This helps us to find exactly the surety bond that you require. By the way, it's perfectly OK to not know the type of surety bond you need; that's why we're here!
  • This field is for validation purposes and should be left unchanged.