Phase 1 environmental site assessments are conducted by BOYD to determine a property's potential risk before investment. Such assessments provide the framework for a more comprehensive investigation if the findings show a reasonable basis to suspect the presence of an environmental risk. BOYD's efforts in this phase include a nonintrusive, visual inspection of site conditions and a search of available public and operator records to identify the presence, or basis for suspected presence, of a hazardous substance release on the property.
Environmental audits of ongoing mine operations are performed to apprise management of compliance status and identify potential problem areas. The primary purpose is to verify compliance, or exceptions to compliance, with applicable environmental laws and regulations.
The monitoring provides owners and managers with the information needed to proactively address environmental concerns and thus reduce related exposure and liability. These audits may be made part of a company's total quality control program and demonstrate commitment to environmental responsibility.