Section 79, 62 of the Environmental Protection Act, 2008, the Board hereby makes

(1) All small-scale and large-scale mining licence holdersshall provide, within such time as specified by these Regulations, financial assurances for their own performance against all obligations to which they are subject under an EMP or the terms of an environmental licence and in accordance with subsection (2) of section 137 of the Mines and Minerals Act 2009. (2) The form of financial assurance to be provided under sub-regulation (1) shall be in such form as specified in subsection (4) of section 136 of the Mines and Minerals Act, 2009. (3) The holder of a mineral right shall provide only one financial assurance against all environmental and social liabilities resulting from his mining activities in a specific project and shall not be required to provide two assurances in relation to its environmental and social liabilities deriving from a specific project.