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United States Department of the Interior <br />BUREAU OF LAND MANAGEMENT <br />Colorado State Office <br />2850 Youngfield Street <br />Lakewood, Colorado 80215-7210 <br />www.co.blm.gov <br />In Reply Refer To: JUL <br />' 8 X01 <br />3451 (CO -921) <br />COC44693 <br />CERTIFIED MAIL - Return Receipt Requested <br />Decision <br />Blue Mountain Energy, Inc. <br />10714 S. Jordan Gateway, Suite 300 <br />South Jordan, UT 84095 <br />Lease Terms and Conditions Readjusted <br />Coal lease COC44693 was issued effective September 1, 1987, and becomes subject to <br />readjustment of its terms and conditions on September 1, 2017. <br />A Notice of Intent to readjust the coal lease was sent to the lessee on September 8, 2015. As <br />provided in the Mineral Leasing Act of 1920, as amended (41 Stat. 437,30 U.S.C. 181 et sea.), <br />and the regulations at 43 C.F.R. 3451, we are hereby readjusting the terms and conditions of the <br />lease. A copy of the lease is enclosed. Section 15 "Special Stipulations" has revised wording for <br />the last three stipulations to update them to the current standards. The readjusted terms and <br />conditions shall become effective September 1, 2017. This action has been reviewed for <br />conformance with the Bureau of Land Management's public land health standards adopted <br />February 12, 1997. The readjustment will not advcrsely affect achievement of the public land <br />health standards. <br />The annual rental remains at 3 dollars per acre or fraction thereof as provided in the current <br />lease. The royalty rates established by law and by regulation at 43 C.F.R. 3473.3-2 remains at 8 <br />percent of the value of the coal removed from an underground mine. The value of the coal shall <br />be determined in accordance with the regulations at 30 C.F.R. 206, as amended. The adequacy <br />of the lease bond is reviewed periodically and adjusted when necessary to reflect changed <br />conditions. The required bond amount remains at 5,000 dollars. <br />Payments of rentals and royalties must be submitted to the Office of Natural Resources Revenue <br />in accordance with that agency's regulations in Title 30, Code of Federal Regulations. In <br />accordance with the regulations at 43 C.F.R. 3451.2(b) and (e), this decision constitutes the final <br />action of the Bureau of Land Management on all the provisions contained in the readjusted lease. <br />