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NEWMONT <br /> GOLDCORR <br /> on a periodic basis and adjusted accordingly for the cost to reclaim lands to be affected in the <br /> coming period plus the cost to reclaim those lands affected in previous years and not yet fully <br /> reclaimed. <br /> Relevant costs have been included in the computations for reclamation and closure activities for <br /> the entire Cresson Project including the activities associated with Amendment 13. The costs have <br /> been developed assuming that an independent (i.e., 3ro-Party) contractor will perform the <br /> reclamation activities. The procedures followed and the assumptions used to develop the financial <br /> warranty are discussed in the following sections. <br /> 3 RECLAMATION EARTHMOVING COSTS <br /> The estimated reclamation costs have been developed on the basis of standard production rates <br /> for equipment normally used for reclamation work. The costs assume the work is completed by <br /> an independent contractor using the following pieces of major equipment. <br /> 3.1 Scrapers and Trucks <br /> Scrapers and trucks were assumed to transport the growth medium and to perform certain grading <br /> and re-contouring work. For this cost estimate, Caterpillar(Cat) 623 (single engine) scrapers and <br /> trucks (Cat 740 and 777C) were used in determining the productivity rates of hauling suitable <br /> growth medium from storage areas and in certain instances these machines were used for hauling <br /> neutralized ore (VLFs) or overburden (OSAs) to achieve final contours. <br /> 3.2 Loaders <br /> Cat 988B and 992D loaders were assumed to be used to load the Cat 740 and 777 haul trucks. <br /> A smaller loader (e.g., 972 model) was assumed for loading other materials needed for <br /> reclamation. <br /> 3.3 Bulldozers (Dozers) <br /> Dozers were assumed to be used for most heavy grading, re-contouring, and slope reduction for <br /> the larger facilities such as the surface mine backfills, the VLFs, and the OSAs. For this work, Cat <br /> D10 and D11 dozers were assumed in the cost estimate. <br /> 3.4 Support Equipment <br /> Earthmoving activities on a large scale will require support equipment such as dozers for <br /> spreading growth medium, water trucks for controlling dust on the haul roads, and graders to <br /> maintain the haul road surface. In most cases, the respective equipment selected for these tasks <br /> Cripple Creek&Victor Gold Mining Company Exhibit L <br /> Cresson Project Amendment 13 <br /> 3 <br />