<html> <head> <title>Rule 74:29:06:03 Economic study required for determination of future mineral exploration and development as reclamation type.</title> <META NAME="Keywords" Content="Administrative Rules 74:29:06:03"> <META NAME="Description" Content="Administrative Rules 74:29:06:03 Economic study required for determination of future mineral exploration and development as reclamation type."> <meta name=Generator content="Microsoft Office HTML Filter 2.0"> <meta http-equiv=Content-Type content="text/html; charset=windows-1252"> <meta name=Originator content="Microsoft Word 10"> <style> <!-- --> </style> </head> <body lang=EN-US> <div> <p><font size=3 face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>74:29:06:03.&nbsp;&nbsp;Economic study required for determination of future mineral exploration and development as reclamation type.</b> In addition to the general requirements in §&nbsp;74:29:06:02, for future mineral exploration and development to be considered as an acceptable postmining land use, the applicant must provide evidence that a potential reserve tonnage exists that is equal to or greater than the estimated annual ore production tonnage from the mine. The applicant shall determine the average commodity price of the primary mineral to be mined for the preceding five-year period and prepare an economic study. The study, using current dollars, must be based on geologic evidence, the calculated maximum allowable cost of production, and production cost projections. Unique or rare occurrences of rocks, minerals, or fossils that are of outstanding scientific significance are not required to meet the definition of a potential reserve.</font></p> <p><font size=3 face="Times New Roman">&nbsp;</font></p> <p><font size=3 face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>Source:</b> 14 SDR 111, effective March 3, 1988.</font></p> <p><font size=3 face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>General Authority:</b> SDCL <A HREF="/statutes/DisplayStatute.aspx?Type=Statute&Statute=45-6B-81">45-6B-81.</A></font></p> <p><font size=3 face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>Law Implemented:</b> SDCL <A HREF="/statutes/DisplayStatute.aspx?Type=Statute&Statute=45-6B-44">45-6B-44</A>, <A HREF="/statutes/DisplayStatute.aspx?Type=Statute&Statute=45-6B-45">45-6B-45.</A></font></p> <p><font size=3 face="Times New Roman">&nbsp;</font></p> </div> </body> </html>