Laserfiche WebLink
Section VII — Reclamation Liability and Performance Bonding <br />Although the total cost the Division would assume should the site require reclamation by the <br />Division is $89,351.29, Rule 3.03.1(2)(b) requires the Division to only release up to 85% of the <br />total liability, which is what the Division did when Bond Release Application SI -4 was approved in <br />2004. As such, the required liability for the Carbon Junction Mine is $112,165.00 which is more <br />than the total cost estimated for reclamation. The Division currently holds a financial warranty <br />in the form of a letter of credit through J.P. Morgan Chase in the amount of $112,165.00. No <br />additional bond is required. <br />This concludes the 2014 Midterm Review of the Carbon Junction Mine. Please submit any required <br />revision applications responding to the issues outlined in Section VI on or before 4 April 2016. <br />Carbon Junction Mid Term Review #5 Page 9 <br />January 2016 <br />