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DIVISION OF RECLAMATION, MINING AND SAFETY <br />Department of Natural Resources <br />1313 Sherman SL, Room 215 <br />Denver, Colorado 80203 <br />Phone: (303) 866-3567 <br />FAX: (303) 832-8106 <br />July 30, 2013 <br />Thomas Swint <br />Avalanche Creek Marble & Alabaster LLC <br />P.O. Box 277 <br />Palatine, IL 60078 <br />STATE OF CnT .n-R A T-)n <br />COLORADO <br />DlvlsION OF <br />RECLAMATION <br />MINING <br />SAFETY <br />John W. Hickenlooper <br />Govemor <br />Mike King <br />Executive Director <br />Loretta P16eda <br />Director <br />RE. White Banks Mine, Permit No. M -1999 -042, Reclamation Costs Update and Notice of Surety <br />Increase SI -3 <br />Dear Mr. Swint: <br />In an effort to ensure the Financial Warranty for the above referenced site adequately reflects the actual <br />current costs of fulfilling the requirements of the approved reclamation plan, the Colorado Division of <br />Reclamation, Mining and Safety (Division) has updated the reclamation cost estimate (copy enclosed). <br />Therefore, pursuant to Section 34- 32- 117(4) of the Colorado Land Reclamation Act, adequate Financial <br />Warranty must be submitted to the Division within 60 days of the mailing date of this letter. The <br />additional amount needs to be accepted prior to Monday, September 30, 2013. Please review the enclosed <br />figures as soon as possible and contact our office if any calculation errors are noted. <br />Staff calculations estimate the cost to reclaim the above referenced site to be $54.835.00. This is an increase <br />of 539,310.00 over the $15.525.00 currently held by the Division. This estimate is based on conditions <br />observed during the July 23, 2013 inspection. <br />Please make arrangements with Barbara Coria at the Division of Reclamation, Mining and Safety Denver <br />Office, phone no. 303.866.3567, ext. 8148 for submittal of the financial warranty. Any questions <br />regarding completion, execution and/or submittal of financial warranty forms should also be directed to <br />Barbara Coria. <br />If you require additional information, have questions or concerns, please contact me at the DRMS Grand <br />Junction Field Office. <br />1'it rdnmental Protection Specialist <br />Department of Natural Resources <br />Division of Reclamation, Mining and Safety <br />101 South 3`d, Suite 301 <br />Grand Junction, CO 81501 <br />Phone: (970) 243 -6299 <br />Fax: (970) 241-1516 <br />Office of — <br />Mined Land Reclamation Office of <br />Denver - Grand Junction - Durango Active and Inactive Mines <br />