EDITORIAL: Say no to net worth assurance

Recently, Wharf Resources asked the state Board of Minerals and Environment to change its financial assurance from irrevocable letters of bank credit to the net worth of its parent company, Goldcorp. By switching to net worth for assurances on cyanide pollution, and post-closure expenses for Wharf and its Golden Reward site, Goldcorp could save $208,000 a year.
State law allows for net worth, cash or government securities to secure financial assurance for pollution, post-closure and site maintenance costs. Goldcorp is currently worth $23 billion.
http://rapidcityjournal.com/news/opinion/editorial-say-no-to-net-worth-assurance/article_5367735d-e058-58a5-92a6-1a259a142ece.html