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THE JOURNAL OF ECONOMIC SCIENCES: THEORY AND PRACTICE, V.71, # 1, 2014, pp. 53-79
continuously studied, the financial security cost of MFSP Liabilities are not expected to decrease
in value. Hence, financial securities amount to billions of dollars in the near future.
Figure 3.Reclamation and Disturbance by Companies, December 31, 2011
Source: Provided by Alberta Environment
2. Financial securities
2.1. Financial Security Calculation Period
According to Alberta Environment MFSP Guide security is calculated annually. If current
MFSP Assets are lower than previous MFSP Assets or current MFSP Liabilities are higher than
previous year MFSP Liabilities then security required will increase in the current period. In other
words, required financial security will increase because less reclamation has been done than the
Planned Reclamation. If current MFSP Assets are higher than previous MFSP Assets or current
MFSP Liabilities are lower than previous MFSP Liabilities then less security will be provided in
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