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` STATE OF COLORADO <br /> DIVISION OF RECLAMATION,MINING AND SAFETY <br /> Department of Natural Resources <br /> 1313 Sherman St.,Room 215 C O L O R A D O <br /> Denver,Colorado 80203 A I V l S t O N o f <br /> Phone:(303)866-3567 RECLAMATION <br /> MINING <br /> FAX:(303)832-8106 <br /> SAFETY <br /> John <br /> April 6, 2012 Governokenlooper <br /> Mike King <br /> Mrs. Shelby Olsen Executive Director <br /> Martin Marietta Materials, Inc. Loretta Pineda <br /> 8200 IH-10 West, Suite 600 Director <br /> San Antonio,Texas 78230 <br /> RE: Martin Marietta Material, Inc.; Greeley 35th Ave Pit; File No. M-1977-036 <br /> Financial Warranty Increase (SI-02) <br /> Dear Mrs. Olsen, <br /> The Division of Reclamation, Mining and Safety(Division/DRMS) received a Transfer of Permit and <br /> Succession of Operators Application Form (SO-02) from Martin Marietta with Option B selected <br /> for the Greeley 351h Ave Pit. By selecting Option B, Martin Marietta choose to not waive their <br /> right to a 30-day processing period and was required to submit a replacement Financial <br /> Warranty for the same dollar amount maintained by the current Operator. The Division <br /> approved the Transfer of Permit and Succession of Operators application for the Greeley 35th <br /> Ave Pit on February 15, 2012. <br /> The Division is required to recalculate the reclamation bond within 60-days (April 15, 2012) <br /> from the date of the transfer. The Division updated the most recent bond calculation (AM-01) <br /> to include the cost to install slurry walls around the five (5) unlined lakes created by the mining <br /> operation. The revised financial warranty amount is$4,546,572.00, which is an increase of <br /> $3,578,783.00. <br /> Martin Marietta will have 60-days (June 5, 2012)from the date of this letter to submit a rider or <br /> a new financial warranty per Rule 4.2. If you wish to submit a different type of Financial <br /> Warranty,the various application forms can be found at the following website: <br /> http://mining.state.co.us/Mineral%20Forms.htm. <br /> If you have any questions regarding the Financial Warranty forms please contact Barbara Coria <br /> at (303) 866-3567 Ext. 8148. <br /> A copy of calculations used to determine financial warranty is attached for your review. If you <br /> have any questions regarding this process or the bond calculation, please contact me at (303) <br /> 866-3567 Ext. 8124. <br /> Office of Office of <br /> Mined Land Reclamation Denver•Grand Junction•Durango Active and Inactive Mines <br />