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In the site-wide reclamation cost estimate (RCE)recently completed with the approval of Permit <br /> Renewal 08 (RN-08)the reclamation of sites included in the SL-16 application is accounted for in task <br /> 419c, which also includes some sites that are not addressed with SL-16; this task will need to be <br /> reconciled when the next site-wide RCE is calculated. The pro-rated total of the estimated direct cost <br /> associated with task 419c(Y)is $23,184.77, as shown in table 4. <br /> Table 4 <br /> RN7 Cost Estimate Task Number Task Description Task Direct <br /> Cost <br /> 419c 35 MVBs/Exp in SL-12:topsoil $36,355.00 <br /> Task 419c pro-rated for 14.36 of 22.58 acres $23,120.36 <br /> Total applicable to SL-16 $23,120.36 <br /> In order to (i) comply with Rule 3.03.1(2) and (ii) ensure that the revised required surety is <br /> sufficient to cover the remaining reclamation liability at the mine,the Division will release <br /> whichever is the smaller of the two values X and Y. In this case,the smaller value,Y, is <br /> $23,120.36. <br /> The Division currently holds a performance bond of$15,000,000. Based on the observations above, the <br /> Division proposes to release $23,120.36. Following the approval of SL-16 the revised required surety <br /> will be $11,282,866.43 which is sufficient to assure completion of the remaining reclamation work at the <br /> site if the work had to be performed by the Division, including the cost of reestablishing vegetation on <br /> any revegetated areas, should those areas fail. The Division estimates its cost to complete remaining <br /> reclamation work at the site to be $11,282,866.43. <br /> Table 5 <br /> West Elk Mine(C-1980-007)Bond Release Summary <br /> Acres Amount Required Surety Estimated Reclamation <br /> Liability <br /> Prior to SL-16 556.62 $11,305,986.79 $11,305,986.79 <br /> Phase 1 0 $0.00 <br /> Released with SL-16 Phase 11 14.36 $23,120.36 <br /> Phase 111 0 $0.00 <br /> Following approval of SL-16 556.62 $11,282,866.43 $11,282,866.43 <br /> C-sL-10 <br /> C-1980-007 Page 10 of 10 <br />