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2.01.4 Permit Requirements for New Surface Coal Mining and Reclamation Operations <br />Because the Colowyo operation is an existing mine, the requirements of this Section are not <br />applicable to Colowyo. <br />2.01.5 Permit Term <br />Colowyo originally submitted the initial permit application with a request for life-of--mine <br />approval because Colowyo has three long-term contracts with major electric generating <br />facilities, because of the nature of these contracts, and the extensive capital expense <br />commitment made by Colowyo. The Division determined that a variance of the standard <br />five-year permit term could not be granted since the specific financial justifications could <br />not be provided. However, it was determined by the Division that the initial application <br />was complete for the life-of-mine. Subsequently, the Division made findings and on <br />November 11, 1982 approved the entire permit area, which also represented the initial life- <br />of--mine area, The initial permit area had the right of successive renewal for successive <br />five-year permit terms. <br />Colowyo is hereby submitting the complete information necessary for the Division to make a <br />finding that the permit revision incorporating Federal Lease C-29224 and State Coal Lease <br />257/13S is complete for the life-of--mine. With approval of this application, we are requesting <br />approval of the entire permit area which also represents the life-of--mine area. Consistent with <br />this approach the revised permit area will then again have the right of successive renewal for <br />successive five-year permit terms. <br />2.01.6 Permit Fees <br />As required under this section of the Colorado regulations, Colowyo previously submitted a <br />permit fee of $2,500. There are approximately 7,402.49 acres within Colowyo's permit <br />area. <br />\J <br />2.01-2 <br />