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ENVIRONMENTAL AND MINE CLOSURE OBLIGATIONS
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Mar. 31, 2015
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| Environmental Remediation Obligations [Abstract] | Ìý | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ENVIRONMENTAL AND MINE CLOSURE OBLIGATIONS |
NOTE 11 - ENVIRONMENTAL AND MINE CLOSURE OBLIGATIONS
We had environmental and mine closure liabilities of $169.0 million and $170.8 million at MarchÌý31, 2015 and DecemberÌý31, 2014, respectively. The following is a summary of the obligations as of MarchÌý31, 2015 and DecemberÌý31, 2014:
Mine Closure
The accrued closure obligation for our active mining operations provides for contractual and legal obligations associated with the eventual closure of the mining operations. The accretion of the liability and amortization of the related asset is recognized over the estimated mine lives for each location.
The following represents a rollforward of our asset retirement obligation liability related to our active mining locations for the three months ended MarchÌý31, 2015 and for the year ended DecemberÌý31, 2014:
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- Definition
Disclosures of environmental loss contingencies, such as presence of hazardous waste, relevant information from reports issued by regulators, and estimated costs to achieve compliance with regulatory requirements. Disclosures of accrued closure obligations for active or inactive mining operations that based upon contractual and legal obligations. No definition available.
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- Details
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