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Type: Artigo de periódico
Title: Mechanisms Of Financial Warranty To Assure It Execution Of Obligations Regarding The Rehabilitation Environmental [mecanismos De Garantia Financeira Para Assegurar O Cumprimento De Obrigações Referentes à Reabilitação Ambiental]
Author: Eduardo A.S.
Ferreira C.J.
Ferreira D.F.
Herrmann H.
da Silva P.C.F.
Abstract: The small-scale mining sector is an important component for the socioeconomic development of a country. However, this activity is frequently associated with adverse environmental impacts. Society has played an increasing role in demanding guarantees for the proper return of mined areas. This has resulted in regulatory stringency. The present article presents a case study involving the extraction of Residual Soil (Saibro) in Ubatuba, Brazil. For this purpose, tree main environmental damage categories were identified: Ex Post, Accidental, and Continuous. Rehabilitation activities are mainly concerned with Ex Post damages. The Financial Guarantee (bond) is a mechanism currently used to ensure the proper fulfillment of rehabilitation obligations. For this case study the authors identified some financial instruments available in the Brazilian market, the main stakeholders involved, and their respective aspirations. According to the Brazilian Constitution, the Municipal Government is authorized to regulate matters of local interest; including the establishment of rules for the mineral sector within its borders. The instruments identified are: Cash-Deposit; Surety (Seguro-Garantia) and Letter of Credit. The present paper also indicates direct and indirect costs which may impact operators as a result of the establishment of a municipal financial assurance (bonding) regime.
Rights: fechado
Identifier DOI: 
Date Issue: 2008
Appears in Collections:Unicamp - Artigos e Outros Documentos

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