Financial Assurance. A. Unless waived by the Commissioner in writing, and before the commencement of mining activity, the Lessee shall provide financial assurance to guarantee payment of royalties and to comply with the terms and conditions of this Lease other than reclamation, which is covered under 19.2.2.39 NMAC. The Commissioner will determine the amount of financial assurance required.
Appears in 6 contracts
Samples: BE Resources Inc., BE Resources Inc., BE Resources Inc.