REGULATIONS OF THE CHIEF EXECUTIVE OFFICER Nº 001/MINES/RMB/2019 OF 18/07/2019 DETERMINING THE NATURE, AMOUNT AND DEPOSIT OF ENVIRONMENTAL REHABILITATION GUARANTEE | 001/MINES/RMB/2019 OF 18/07/2019 — Rwanda law | Esheria

REGULATIONS OF THE CHIEF EXECUTIVE OFFICER Nº 001/MINES/RMB/2019 OF 18/07/2019 DETERMINING THE NATURE, AMOUNT AND DEPOSIT OF ENVIRONMENTAL REHABILITATION GUARANTEE

This article says the regulations set the type, amount, and process for depositing the environmental rehabilitation guarantee.

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Jurisdiction
Rwanda
Instrument
Regulation
Citation
001/MINES/RMB/2019 OF 18/07/2019
Status
In force
Version
Undated source snapshot
Language
mul
Updated
Official source
View official record ↗
bank guarantee compliance environmental guarantee environmental rehabilitation environmental rehabilitation budget environmental rehabilitation guarantee environmental rehabilitation guarantees guarantee licensing mining mining and quarrying compliance mining licence publication and entry into force quarry licence quarrying refunds rehabilitation guarantee repeal

Statute overview

About this statute

This article says the regulations set the type, amount, and process for depositing the environmental rehabilitation guarantee. A mining or quarry licence holder must provide an environmental rehabilitation guarantee. An environmental rehabilitation guarantee may be either a cash deposit or a bank guarantee, and any bank guarantee must come from a bank licensed by the National Bank of Rwanda. A mining or quarry licence holder must set the environmental rehabilitation guarantee at the same amount as the environmental management plan budget. A mining or quarry licence holder must set an environmental rehabilitation budget based on the likely environmental damage from the operations.