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United States Department of the Interior <br />BUREAU OF LAND MANAGEMENT <br />Colorado State Office <br />q 3'�°� 2850 Youngfield Street <br />Lakewood, Colorado 80215-7210 <br />www.co.blm.gov <br />In Reply Refer To: <br />3451(CO-921) KB <br />COC -0-023703-01 <br />JAN 18 2013 <br />CERTIFIED MAIL -Return Receipt Requested -7005 1820 0007 1491 4492 <br />Decision <br />Blue Mountain Energy, Inc. <br />10714 S. Jordan Gateway #300 <br />South Jordan, Utah 80495 <br />Lease Terms and Conditions Readjusted <br />Coal lease COC -0-023703-01 was issued effective March 01, 1963, was last readjusted on <br />March 01, 2003, and becomes subject to readjustment of its terms and conditions on <br />March 01 , 2013. <br />Notice of intent to readjust the coal lease was sent to the lessee on March 01, 2011. As provided <br />in the Mineral Leasing Act of 1920, as amended (41 Stat. 437, 30 U.S.C. 181 et se .), and the <br />regulations at 43 CFR 3451, we are hereby readjusting the terms and conditions of the lease. A <br />copy of the lease is enclosed. The readjusted terms and conditions shall become effective <br />March 01, 2013. This action has been reviewed for conformance with the Bureau of Land <br />Management's public land health standards adopted February 12, 1997. The readjustment will <br />not adversely affect achievement of the public land health standards. <br />The annual rental remains at $3 per acre or fraction thereof as provided in the current lease. The <br />royalty rates established by law and by regulation at 43 CFR 3473.3-2 remain at 12%2 percent of <br />the value of the coal removed from a surface mine, and at 8 percent for coal removed from an <br />underground mine. The value of the coal shall be determined in accordance with the regulations <br />at 30 CFR 206, as amended. The'adequacy of the lease bond is reviewed periodically and <br />adjusted when necessary to reflect changed conditions. The required bond amount remains at <br />$8,000. <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 />