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SECTION VI — BONDING SUMMARY <br />The Division holds an approved bond on behalf of the permittee for the McClane Canyon Mine. The <br />bond is a Corporate Surety from Argonaut Insurance Company, Bond No. in the <br />amount of $390,995.00. Pursuant to Rule 3.02.2(4), the Division conducted a review of the McClane <br />Mine reclamation liability, in association with this midterm permit review. We have prepared an <br />updated cost estimate (enclosed as Attachment 1.). The new liability is $452,909.21. This liability is <br />$61,914.21 more than the current liability and bond held (of $390,995.00). This estimate is a cost <br />update of the Permit Renewal 07 estimate. McClane Canyon Mine, LLC will need to submit an <br />additional $61,914.21 in bond monies. <br />6 <br />