Laserfiche WebLink
SECTION V- BONDING SUMMARY <br />Reclamation costs were recalculated as part of the Midterm Review (MT7), process. The reclamation cost <br />estimate generated by the Division on 6 December 2016 noted that the cost to fully reclaim the remaining <br />disturbance is $41,961.67. A Phase III bond release (SL6) for the majority of the disturbed area was approved on <br />August 26, 2008. The approved bond amount to be held by the Division as a result of SL -06 was $72,099.00 and <br />that bond amount is the amount currently held by the Division. This bond amount is statutorily limited by Rule <br />3.03.1(2) and far exceeds any amount of bond that might be required should reclamation efforts at the reclaimed <br />NW -1 ventilation shaft fail. The updated cost estimate (attached) for the Golden Eagle Mine no longer includes <br />the cost to reclaim five water monitoring wells. The transfers were accomplished via PR02 for the New Elk Mine <br />(C1981013), and TR57 for the Golden Eagle Mine (1981012). <br />The Division currently holds a wire transfer cash bond in the amount of $72,099.00. <br />Golden Eagle MT7 December 2016 Prepared by: R. Reilley <br />