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Phase I <br />The Division holds a performance bond in the amount of $80,517,829.00 for the Colowyo Mine. <br />The Division has calculated the amount associated with the Partial Phase I Bond release area and it <br />totals $347,500.00. This Partial Phase I Bond Release is a release of the liability for performing the <br />required backfilling and grading work in the SL -09 area. The Division estimates its cost to complete <br />remaining reclamation work to the applicable area (West Pit) to be $7,394,678.00. This amount is <br />sufficient to assure completion of the remaining reclamation work to the applicable area if the work <br />had to be performed by the Division, including the cost of reestablishing vegetation on any <br />revegetated areas, should those areas fail. With the releasable amount of $347,500.00, the Division <br />will still hold a bond in the amount of $7,563,939.00 which is $169,261.00 more than the minimum <br />required liability to fully reclaim the remaining disturbed areas of the West Pit at the Colowyo <br />Mine. <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 Craig Daily <br />Press as soon as possible. Requests for public hearing must be submitted to the Division in writing <br />within thirty days of the first publication in the Craig Daily Press. If no hearing is requested within <br />those thirty days, the Division's decision will become final. <br />This concludes the Proposed Decision and Findings of Compliance for the Colowyo Mine Partial <br />Phase I Bond Release SL -09. <br />Proposed Decision and Findings of Compliance September 2016 <br />Partial Phase I Bond Release SL -09 Page 7 <br />