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MOUNTAIN COAL COMPANY, LLC <br /> WEST ELK MINE <br /> CDRMS FILE C-1980-007 <br /> PHASE III BOND RELEASE APPLICATION (SL-17) <br /> Date of Request: November 15, 2022 <br /> Permittee: Mountain Coal Company, LLC (MCC) <br /> Permit Number: C-1980-007 <br /> Initial Permit Approval Date: July 1981 <br /> Mine Name: West Elk Mine <br /> Bond Release Phase Requested: Phase III <br /> Acreage: Current Permit Area: + 19,854.9 acres <br /> Maximum Area Disturbed: + 554.53 acres <br /> Area Sought for Release: + 9.25 acres <br /> Bonding Company: Indemnity National Insurance Company <br /> Bond Number: N-7004698 <br /> Amount of Bond Release Requested: MCC is requesting the remaining 15% of the <br /> applicable reclamation bond amount for Phase III bond release areas. This amount has <br /> been preliminarily calculated to be $29,416.08 based on CDRMS methods employed <br /> previously for the West Elk Mine bond releases. <br /> Total Bond Amount Currently Held: S 15,000,000.00 <br /> Current Actual Bond Liability Amount(as of June 24. 2022): $11,756,466.23 <br /> The amount requested for release will be based on the amount determined to apply to the <br /> reclaimed surface disturbance, drill holes, sites, and roads. When the bond amount <br /> applicable to the reclamation is determined, MCC requests the remaining amount of the <br /> applicable bond value for areas where Phase III bond release is sought in accordance with <br /> CDRMS Rule 3.03.1(2)(b). The amount released will be the difference between the value <br /> of the applicable bond amount and that amount previously released for Phases I and II for <br /> the reclaimed areas where Phase III bond release is now requested under SL-17. <br /> Based on the CDRMS method for calculating reclamation bond to be released for Phase <br /> III, the amount requested for release is $29,416.08. <br /> Mountain Coal Company West Elk Mine Page 1 <br /> 2022 Phase III Bond Release Request Synopsis (SL-17) <br />