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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 />January 19, 2022 <br /> <br />Lexon Insurance Company <br />10002 Shelbyville Road, Suite 100 <br />Louisville, KY 40223 <br /> <br />Re: Elk Creek Mine (Permit No. C-1981-022) <br /> Bond Release Application No. 5 (SL-5) <br /> Bond No. * <br /> <br />Dear Sir or Madam: <br /> <br />This letter, as required by Rule 3.03.2(5)(a) of the Rules and Regulations, is to inform you that the Division <br />of Reclamation, Mining and Safety has issued a proposed decision to approve Bond Release Application <br />No. 5 for the Elk Creek Mine. This decision will be published in the Delta County Independent as soon as <br />possible. The first day following publication of the notice initiates a thirty (30) day public comment period. <br />If, within thirty days, there are no requests for an adjudicatory hearing, the decision will become final. <br /> <br />The Division holds a Corporate Surety bond issued by your company (Bond No. * , for this operation <br />in the amount of $4,500,000.00. The minimum required surety following the issuance of SL-5 will be <br />$1,795,770.40. <br /> <br />Please be aware that this notification is not a request to initiate any action by Lexon Insurance Company <br />concerning Bond No. * and is for your information only. Should Oxbow Mining, LLC choose to take <br />action with regard to this bond release, they will contact you. <br /> <br />If you have questions or need additional information, please contact me. <br /> <br />Sincerely, <br /> <br /> <br /> <br />Leigh D. Simmons <br />Environmental Protection Specialist <br />Leigh.Simmons@state.co.us <br /> <br /> <br />cc: Jeffrey Thompson, DRMS <br />C-SL-17