2016-11-28_REPORT - M1983176 - Laserfiche WebLink

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COLORADO DIVISION OF MINERALS AND GEOLOGY ANNUAL REPORT FOR SPEER MINING RESOURCE M-1983-176 AM-4 ASPHALT SPECIALTIES CO., INC. DECEMBER 9, 2015 TO DECEMBER 9, 2016 1. TOTAL ACRES IN PERMIT AREA: 75.5 2. TOTAL PERMITTED MINEABLE ACRES: 57.2 3. CURRENT TOTAL ACRES DISTURBED: APPROX. 53.5 4. TOTAL ACRES MINED DURING REPORT YEAR: 0 5. CURRENT TOTAL ACRES IN VARIOUS STAGES OF RECLAMATION: APPROX. 51.5 6. TOTAL ACRES RECLAIMED DURING REPORT YEAR: 7.0 7. APPROXIMATE ACREAGE TO BE MINED IN NEXT REPORT YEAR: 0 8. APPROXIMATE ACREAGE TO BE RECLAIMED IN NEXT REPORT YEAR: 3.7 This permit site is in the process/stage of reclamation only for the remaining pit area. Approximately 7.0 acres were backfilled during the report year. An interior road was abandoned and an existing road adjacent to the river was improved. Weedy areas were removed during this process. No weed control was performed on this site during the reporting year, but conditions will be analyzed in the Spring of 2017 and at a minimum, several more Tamarisk shrubs that are currently present will be removed. No seeding or revegatation was implemented on this site during the report year, as the revised reclamation plan is to progressively backfill the site above the water-table first, before topsoiling and seeding. Reclamation during the next reporting year will be as continued backfill in the central and northern area of the permit site as shown on the annual report map attached. Sufficiency of Value of Financial Warranty The permittee holds a Financial Warranty for the permit through Great American Insurance Company in the full amount of $678,169.00, a figure sufficient to achieve all reclamation requirements under the current permit. A check in the amount of$791.00 is being submitted with this report to cover the Annual Fee required to maintain this permit in good standing.