Laserfiche WebLink
Bonding Summary • <br />The reclamation bond calculation information presented above ahowa that the <br />Loadout facility reclamation liability is $1,081,178. The reclamation costs do <br />not include salvage value for any of the structures even though the structural <br />steel has significant salvage value. In addition, the railroad rail and wooden <br />ties also have a salvage value. <br />In May 1993, as part of the original permit approval process, HGTI posted a <br />Corporate Surety in the amount of $696,729 to cover the original reclamation <br />liability for the Loadout. A surety rider, in April 1996, amended the corporate <br />surety to $862,120. A second corporate surety, in the amount of $113,691, to <br />cover additional liability identified by CDRMS in RN-02 (February 2003) was <br />submitted to CDRMS in May 2003. Following RN-02, CDRMS holds 5975,761 in <br />reclamation bonds for the Loadout facility. <br />The CDRMS revised the reclamation liability, presented above, as part of TR-06 <br />in May 2005. A second surety rider, in the amount of $103,400 was added in May • <br />2005 to cover this additional reclamation liability. With the addition of this <br />second surety rider, the bond amount held by CDRMS increased to $1,079,161, <br />which is the amount of the revised reclamation estimate calculated by CDRMS <br />during the TR-06 review process. <br />In April 2007, HGTI submitted a third surety rider, in the amount of $5000.00, <br />which covers the reclamation bond liability increase this is the result MR-15. <br />• <br />MR-15 10 Revised 09/07 <br />