|
|
 | | | |
- close
- close
- close
- close
ACI » Topics » Our failure to obtain and renew permits necessary for our mining operations could negatively affect our business.This excerpt taken from the ACI 10-K filed Mar 1, 2010. Our
failure to obtain and renew permits necessary for our mining
operations could negatively affect our business.
Mining companies must obtain numerous permits that impose strict
regulations on various environmental and operational matters in
connection with coal mining. These include permits issued by
various federal, state and local agencies and regulatory bodies.
The permitting rules, and the interpretations of these rules,
are complex, change frequently and are often subject to
discretionary interpretations by the regulators, all of which
may make compliance more difficult or impractical, and may
possibly preclude the continuance of ongoing operations or the
development of future mining operations. The public, including
non-governmental organizations, anti-mining groups and
individuals, have certain statutory rights to comment upon and
submit objections
Table of Contents
to requested permits and environmental impact statements
prepared in connection with applicable regulatory processes, and
otherwise engage in the permitting process, including bringing
citizens’ lawsuits to challenge the issuance of permits,
the validity of environmental impact statements or performance
of mining activities. Accordingly, required permits may not be
issued or renewed in a timely fashion or at all, or permits
issued or renewed may be conditioned in a manner that may
restrict our ability to efficiently and economically conduct our
mining activities, any of which would materially reduce our
production, cash flow and profitability.
These excerpts taken from the ACI 10-K filed Feb 27, 2009. Our
failure to obtain and renew permits necessary for our mining
operations could negatively affect our business.
Mining companies must obtain numerous permits that impose strict
regulations on various environmental and operational matters in
connection with coal mining. These include permits issued by
various federal, state and local agencies and regulatory bodies.
The permitting rules, and the interpretations of these rules,
are complex, change frequently and are often subject to
discretionary interpretations by the regulators, all of which
may make compliance more difficult or impractical, and may
possibly preclude the continuance of ongoing operations or the
development of future mining operations. The public, including
non-governmental organizations, anti-mining groups and
individuals, have certain statutory rights to comment upon and
submit objections to requested permits and environmental impact
statements prepared in connection with applicable regulatory
processes, and otherwise engage in the permitting process,
including bringing citizens’ lawsuits to challenge the
issuance of permits, the validity of environmental impact
statements or performance of mining activities. Accordingly,
required permits may not be issued or renewed in a timely
fashion or at all, or permits issued or renewed may be
conditioned in a manner that may restrict our ability to
efficiently and economically conduct our mining activities, any
of which would materially reduce our production, cash flow and
profitability.
Our failure to obtain and renew permits necessary for our mining operations could negatively affect our business. Mining companies must obtain numerous permits that impose strict regulations on various environmental and operational matters in connection with coal mining. These include permits issued by various federal, state and local agencies and regulatory bodies. The permitting rules, and the interpretations of these rules, are complex, change frequently and are often subject to discretionary interpretations by the regulators, all of which may make compliance more difficult or impractical, and may possibly preclude the continuance of ongoing operations or the development of future mining operations. The public, including non-governmental organizations, anti-mining groups and individuals, have certain statutory rights to comment upon and submit objections to requested permits and environmental impact statements prepared in connection with applicable regulatory processes, and otherwise engage in the permitting process, including bringing citizens’ lawsuits to challenge the issuance of permits, the validity of environmental impact statements or performance of mining activities. Accordingly, required permits may not be issued or renewed in a timely fashion or at all, or permits issued or renewed may be conditioned in a manner that may restrict our ability to efficiently and economically conduct our mining activities, any of which would materially reduce our production, cash flow and profitability. This excerpt taken from the ACI 10-K filed Mar 1, 2007. Our failure to obtain and
renew permits necessary for our mining operations could
negatively affect our business. |
Mining companies must obtain numerous permits that regulate
environmental and health and safety matters in connection with
coal mining, including permits issued by various federal and
state agencies and regulatory bodies. We believe that we have
obtained the necessary permits to mine our developed reserves at
our mining complexes. However, as we commence mining our
undeveloped reserves, we will need to apply for and obtain the
required permits. The permitting rules are complex and change
frequently, making our ability to comply with the applicable
requirements more difficult or even impossible. In addition,
private individuals and the public at large have certain rights
to comment on and otherwise engage in the permitting process,
including through intervention in the courts. Accordingly, the
permits we need for our mining operations may not be issued, or,
if issued, may not be issued in a timely fashion. The permits
may also involve requirements that may be changed or interpreted
in a manner which restricts our ability to conduct our mining
operations or to do so profitably. An inability to conduct our
mining operations pursuant to applicable permits would reduce
our production, cash flow and profitability.
35
Table of Contents
| |||||||
