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Section VI Bonding Summary <br /> <br />The Division currently holds bond monies, in the form of one corporate surety in the <br />amount of $115,000,000.00. A compiled reclamation cost estimate was developed by the <br />Division as a part of the Permit Renewal No. 7 process issued on August 18, 2018. The <br /> Per Rule 3.02.1(6), <br />Colowyo has elected to file a cumulative bond schedule for the permit term and not the <br />life of the Mine. For the worst-case-scenario at Colowyo, the Division has determined <br />the reclamation liability for the 2017 2022 permit term is $148,490,478.00. The <br />previous worst-case-scenario at Colowyo was $148,188,714.00. The difference between <br />this amount for the worst-case-scenario and the previously calculated worst-case-scenario <br />bond reported is an increase of $301,764.00. However, based on Rule 3.02.1(6), the <br />Division has determined that the required minimum reclamation liability for the 2017 <br />2022 permit term is $106,706,171.00. The difference between this amount for the <br />minimum required amount for the permit term and the current bond held is in excess of <br />$8,293,829.00. With a bond held in the amount of $115,000,000.00 by the Division, the <br />has sufficient amount in bond monies to assure completion of the remaining reclamation <br />work at the Colowyo Mine if the work had to be performed by the Division, including the <br />cost of reestablishing vegetation on any revegetated areas, should those areas fail. <br /> <br />Midterm Review No. 8 for the Colowyo Mine. <br /> <br /> <br />Colowyo Mine Midterm Review No. 8 <br />Permit No. C-1981-019 May 5, 2020 <br /> 12 <br />