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An accounting of the West Elk Mine's bond release history, including SL -09, is provided in Table 1 below. <br />Table 1: West Elk Mine, C1980-007, Bond Release History <br />The Division currently holds a performance bond in the form of two corporate sureties in the amount of <br />$15,000,000.00 (bond SUI 116159 from the Arch Insurance Company in the amount of $10,000,000.00 <br />and bond 5010562 from the Bond Safeguard Insurance Company in the amount of $5,000,000.00). The <br />current reclamation liability at the West Elk Mine, prior to SL -09, is $14,023,599.02. Following the <br />proposed release of $38,462.00, the mine will have a reclamation liability in the amount of <br />$13,985,137.02. The remaining bond has been determined to be sufficient to assure completion of the <br />remaining reclamation work at the site if the work had to be completed by the Board through third parry <br />contractors. <br />Any person with a valid legal interest which might be adversely affected by this proposed decision may <br />request a formal public hearing before the Mined Land Reclamation Board in accordance with Rule <br />3.03.2(6). Public notice of this proposed decision will be published twice in the Delta County <br />Independent as soon as possible. Requests for public hearing must be submitted to the Division in <br />writing within thirty days of the first publication in the Delta County Independent. If no hearing is <br />requested within those thirty days, the Division's decision will become final. <br />West Elk Mine <br />Partial Phase III Bond Release SL -09 Findings Page 7 of 8 <br />Phase I <br />Phase II <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 />0 <br />$0.00 <br />0 <br />$0.00 <br />24.2 <br />$69,761.00 <br />SL -07 <br />19.23 <br />$97,871.00 <br />0 <br />$0.00 <br />0 <br />$0.00 <br />SL -08 <br />10.05 <br />$110,452.00 <br />0 <br />$0.00 <br />0 <br />$0.00 <br />SL -09 <br />0 <br />$0.00 <br />0 <br />$0.00 <br />22.1 <br />$38,462.00 <br />Total <br />111.47 <br />$975,642.00 <br />67.6 <br />$196,037.00 <br />46.3 <br />$108,223.00 <br />The Division currently holds a performance bond in the form of two corporate sureties in the amount of <br />$15,000,000.00 (bond SUI 116159 from the Arch Insurance Company in the amount of $10,000,000.00 <br />and bond 5010562 from the Bond Safeguard Insurance Company in the amount of $5,000,000.00). The <br />current reclamation liability at the West Elk Mine, prior to SL -09, is $14,023,599.02. Following the <br />proposed release of $38,462.00, the mine will have a reclamation liability in the amount of <br />$13,985,137.02. The remaining bond has been determined to be sufficient to assure completion of the <br />remaining reclamation work at the site if the work had to be completed by the Board through third parry <br />contractors. <br />Any person with a valid legal interest which might be adversely affected by this proposed decision may <br />request a formal public hearing before the Mined Land Reclamation Board in accordance with Rule <br />3.03.2(6). Public notice of this proposed decision will be published twice in the Delta County <br />Independent as soon as possible. Requests for public hearing must be submitted to the Division in <br />writing within thirty days of the first publication in the Delta County Independent. If no hearing is <br />requested within those thirty days, the Division's decision will become final. <br />West Elk Mine <br />Partial Phase III Bond Release SL -09 Findings Page 7 of 8 <br />