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Section Ol -Bonding Summarv <br />The Division currently holds a performance bond, in the form of a corporate surety, in the <br />amount of $5,500,000.00. In July 1995, the Division approved Technical Revision TR-14, <br />reducing the required bond amount from $5,500,000.00 to $4,510,644.00. The lower amount <br />reflected the Division's estimate of the cost to reclaim the on-site disturbance at that time. <br />A Phase I bond release was approved in January, 1996 which covered the backfilling and grading <br />in the 720 Pit and Pit 1. The Division released $2,692,733.00 after the Phase I bond release. <br />The required bond amount was set at $1,817,911.00. This amount was in excess of the <br />$972,309.00 the Division estimated reclamation costs to be. <br />The Division finds that there is a sufficient bond to complete all remaining reclamation. <br />Mart Strip Mine, C-80-006 6 September V6, 1998 <br />Midterm Review Fourth Permit Term <br />