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New Elk Mine (C-1981-012) <br />Section VI <br />DETERMINATION of BOND AMOUNT <br />As of August 2, 2016, the Division estimates liability at the New Elk Mine to be $4,034,998.07. This amount is <br />sufficient to assure completion of the remaining reclamation work at the site if the work had to be performed by <br />the Division, including the cost of re-establishing vegetation on any revegetated areas, should those areas fail. <br />The permittee currently has on deposit with the Division nine cash bonds in the amount of $4,133,137.02 for the <br />New Elk Mine. <br />The Division updated the reclamation cost estimate with costs updated in June, 2016 to reflect 2016 CRG, Means <br />and CDOT rates. This updated estimate total is $4,034,998.07. This estimate updates the costs associated with <br />tasks identified in the 2014 Permit Renewal No. 6/Technical Revision No. 68 reclamation cost estimate and <br />includes costs for Minor Revision No. 135, which reflects the only revision that included an increase in liability <br />since the estimate was last updated in 2014. <br />This 2016 Midterm Review revised cost estimate is $98,138.95 less than the current bond held of $4,133,137.02 <br />and $122,145.91 less than the previous required liability of $4,157,143.98. <br />Additional bond will not be required. <br />This concludes the 2016 Midterm Review of the New Elk Mine. Please submit any required revision applications <br />responding to the issues outlined in Section VI on or before 14 October 2016. <br />New Elk Mine C 1981 012 Mid Term 7 Page 14 <br />Date: August 2016 Prepared by: R. Reilley File location: M:\Coal\Findings <br />