2020-08-18_REVISION - C1981022 - Laserfiche WebLink

Home Browse Search

OXBOW MINING, LLC ELK CREEK MINE CDRMS FILE C-1981-022 PHASE II BOND RELEASE APPLICATION (SL -03) Date of Request: August 20, 2020 Permittee: Oxbow Mining, LLC (OMLLC) Permit Number: C-1981-022 Initial Permit Approval Date: October 11, 1983 Mine Name: Elk Creek and Sanborn Creek Mines (Elk Creek Mine) Bond Release Phase Requested: Phase II Acreage: Current Permit Area: + 15,676.51 acres Maximum Area Disturbed + 226.99 acres Area Sought for Release: + 56.02 acres Bonding Company: Lexon Insurance Company Bond Number: 1069009 Amount of Bond Release Requested: 85% of applicable reclamation bond amount for Phase II bond release areas. Total Bond Amount Currently Held: $4,500,000.00 Current Actual Bond Liability Amount (as of RN -07. December 31, 2019): $4,113,573.04 The amount requested for release will be based on the amount determined to apply to the reclaimed surface disturbance, drill holes, sites, and roads. This amount is being currently calculated. When the bond amount applicable to the reclamation is determined, OMLLC requests a total of 85% of the applicable bond amount for areas where Phase II bond release is sought in accordance with CDRMS Rule 3.03.1(2)(b). The amount released will be the difference between the value of 85% of the applicable bond amount and that amount previously released for Phase I under SL -02 for the reclaimed areas where Phase II bond release is now requested under SL -03. Legal Description of the Area Requested for Bond Release: The following table, Oxbow Mining, LLC Elk Creek Mine, 2020 Phase II Bond Release: Reclaimed Eligible Areas presents the locations or sites to be considered for bond release under this application. The ........................................................................ Oxbow Mining, LLC Elk Creek Mine Page 2 5L-03 2020 Phase 11 Bond Release5ynopsis