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J� <br />Carter <br />Mr. Tom Kaldenbach September 17, 2013 <br />State of Colorado <br />Division of Reclamation, Mining and Safety <br />1313 Sherman Street Room 215 <br />Denver CO 80203 RECEIVE <br />SUBJECT: Schwartwalder Mine Permit M- 1977 -300 <br />Partial Request for financial Surety Reduction for SEP 18 20 13 <br />Purchase and Installation of the RO unit Division of Reclamation, <br />Mining & Safety <br />Dear Mr. Kaldenbach: <br />Please accept this letter as formal notice that Cotter is requesting a reduction in the $403,828.01 <br />financial warranty currently covering the subject mine permit. The requested reduction is for the <br />purchase and installation of the RO unit in the amount of $403,828.01. <br />A summary of the requested reduction is shown in Attachment 1. <br />As your records reflect, Cotter Corporation is the owner of the property where the work has been <br />completed. The attached public notice will be published on the first available publication after <br />September 30, 2013 by the Golden Transcript in Golden, Colorado, which Cotter believes to be <br />the paper of largest circulation in Jefferson County, Colorado. Cotter will provide evidence of <br />publication once that has occurred. <br />If you have any questions, please contact me before September 30, 2013. For your convenience, <br />I can be reached at 720 -554 -6211 or gus.gaviotis(a�cotterusa.com if you choose. Thank you in <br />advance for your time and attention to this matter. <br />Respectfully Submitted, <br />Gus M. Gaviotis <br />Vice President of Accounting and Finance <br />Cotter Corporation <br />Cotter Corporation Telephone (720) 554 -6200 <br />7800 E. Dorado Place, Suite 210, Greenwood Village, CO 80111 Fax (720) 554 -6201 <br />