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Table I <br />West Elk Mine C 1980 -007 Bond Release History <br />Phase I <br />Phase 11 <br />Phase III <br />Release <br />Acres <br />Amount <br />Acres <br />Amount <br />Acres <br />Amount <br />SL -01 <br />15.19 <br />$79,727.00 <br />0 <br />$0.00 <br />0 <br />$0.00 <br />SL -02 <br />5.5 <br />$122,629.00 <br />0 <br />$0.00 <br />0 <br />$0.00 <br />SL -03 <br />47.65 <br />$470,488.00 <br />0 <br />$0.00 <br />0 <br />$0.00 <br />SL -04 <br />0 <br />$0.00 <br />67.6 <br />$196,037.00 <br />0 <br />$0.00 <br />SL -05 <br />13.85 <br />$94,475.00 <br />0 <br />$0.00 <br />0 <br />$0.00 <br />SL -06 <br />N/A <br />N/A <br />N/A <br />N/A <br />Pending <br />Pending <br />SL -07 <br />19.23 <br />$97,871.00 <br />0 <br />$0.00 <br />0 <br />$0.00 <br />Total <br />101.42 <br />$865,190.00 <br />67.60 <br />$196,037.00 <br />0 <br />$0.00 <br />The Division currently holds a performance bond in the form of two corporate sureties in the <br />amount of $15,000,000.00 (bond SU1116159 from the Arch Insurance Company in the amount of <br />$10,000,000.00 and bond 5010562 from the Bond Safeguard Insurance Company in the amount of <br />$5,000,000.00). The current reclamation liability at the West Elk Mine, prior to SL -07, is <br />$14,244,472.00. Following the proposed release of $97,871.00, the mine will have a reclamation <br />liability in the amount of $14,146,601.00. The remaining bond has been determined to be sufficient <br />to assure completion of the remaining reclamation work at the site if the work had to be completed <br />by the Board through third party contractors. <br />Any person with a valid legal interest which might be adversely affected by this proposed decision <br />may request a formal public hearing before the Mined Land Reclamation Board in accordance with <br />Rule 3.03.2(6). Public notice of this proposed decision will be published twice in the Delta County <br />Independent for two consecutive weeks as soon as possible. Requests for public hearing must be <br />submitted to the Division in writing within thirty days of the first publication in the Delta County <br />Independent. If no hearing is requested within the thirty days, the Division's proposed decision will <br />become final. <br />This concludes the Proposed Decision and Findings of Compliance for the West Elk Mine's <br />Partial Phase I Bond Release SL -07 <br />West Elk Mine 7 13 April 2015 <br />Partial Phase I Bond Release SL -07 Findings <br />