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<br /> <br />1313 Sherman St. Room 215 Denver, CO 80203 P (303) 866-3567 F (303) 832-8106 https://drms.colorado.gov <br />Jared Polis, Governor | Dan Gibbs, Executive Director | Virginia Brannon, Director <br />1313 Sherman St. Room 215 <br />Denver, CO 80203 <br />May 24, 2021 <br /> <br />Doug Smith <br />Oxbow Mining, LLC <br />3737 Hwy 133 <br />P.O. Box 535 <br />Somerset, CO 81434 <br /> <br /> <br />Re: Elk Creek Mine (Permit No. C-1981-022) <br /> Bond Release Application No. 2 (SL-2) <br /> <br /> <br />Dear Mr. Smith: <br /> <br />In accordance with Rule 3.03.2(5)(b) of the Rules and Regulations of the Colorado Mined Land <br />Reclamation Board for Coal Mining (Rules), you are hereby notified that the Divis ion's decision <br />to approve Bond Release Application No. 2 for the Elk Creek Mine became final on May 22, 2021. <br /> <br />Bond Release No. 2 reduces your reclamation liability by ($1,839,606.71). The current liability is <br />now $2,273,966.33. The Division suggests you provide a copy of this letter (and, for federal <br />operations, copies of the OSM and BLM concurrence letters) to your bonding company for written <br />evidence of approval to reduce your bond. If you choose to reduce or replace your existing bond, <br />it must equal or exceed $2,273,966.33. If this release constitutes a full and final bond release, the <br />Division will return your performance bond to you as soon as possible. <br /> <br />If you have questions or need additional information, please contact me. <br />