2024-10-18_GENERAL DOCUMENTS - C1981010

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V. PROPOSED DECISION Based on the above observations, the Division proposes to approve Trapper Mining, Inc.'s request for a partial Phase I bond release on the SL25 bond release block. This proposed decision will release the applicant from Phase I reclamation liability for those SL25 bond release parcels totaling 316.5 acres as per Table 2 of this document. Table 7: SL25 Liability Phase Bond Release Area Cost Phase Accounting Bond Liability Acres Cost/Acre % Release Acreage 100 Worst Case Bond $35,378,.77 2636.60 $13,418.29 % Phase 1 4,585.90 Phase I Bond Release $1,723,981,67 321.20 $5,367.32 40% Phase 2 4,264.7 Phase II Bond Release $1,447,564.94 719.20 $2,012.74 15% Phase 3 3,545.5 Requested Phase I acres 316.5 Total Required Surety $38,550,205.38 3,677.00 The current bond held amounts to $45,100,000.00. The Division proposes to release reclamation liability in the amount of$2,625,420.96 for the 316.5-acre SL25 bond release block(see Table 7). Trapper Mining, Inc. did not request a return of bond monies with the SL25 bond release application. However, should Trapper Mining, Inc. reduce its bond by $2,625,420.96 the remaining bond is sufficient to complete reclamation. Any person with a valid legal interest which might be adversely affected by this proposed decision may request a formal public hearing before the Mined Land Reclamation Board in accordance with Rule 3.03.2(6). Public notice of this proposed decision will be published twice in the Craig Daily Press as soon as possible. Requests for public hearing must be submitted to the Division in writing within thirty days of the first publication in the Craig Daily Press. If no hearing is requested within those thirty days, the Division's decision becomes final. Permit Number C1981010 Prepared by: R.Reilley SL25 Page 21 of 21