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<br /> <br />2/28/94, SL-O1: DMG approves phase I, II, and ID bond liability release on the Burlington <br />Northern Loadout for [he amount of $7,807.00, reducing the total liability [o <br />$205,831.00. <br />2/28/95: DMG Midterm review determines the remaining reclamation liability in <br />February 1995 was $231,070.00. This is an increase of $25,239.00 This <br />difference was in part due to DMG using DMG's method for determining bond <br />costs and inclusion of tasks not included in Energy Fuels' estimate. <br />4/7/95, SL-02: DMG approves phase I release of the majority of the backfilling and grading of <br />the mine site. Two small areas were excluded due to additional grading needed <br />to bring the slope gradients into compliance with the permit. Also excluded <br />from this release were remaining structures which were requested to remain as <br />permanent in TR-17. This Phase I release released the liability for the majority <br />of the backfilling and grading work, but due to the discrepancy between DMG's <br />2/95 liability estimate and the bond amount held, no actual monies were <br />released. No cost estimate for the backfilling and grading had been included in <br />the Division's 2/95 estimate. <br />9/5/95, TR-19: DMG approved bond reduction for previously approved permanent structures. <br />The demolition costs associated with these structures tallied to $61,353.00. <br />This amount can be reduced from the liability estimate. Energy Fuels had <br />requested a reduction in the amount of $17,750.00 based upon Energy Fuels' <br />reclamation estimate for demolition costs. The $17,750.00 is the amount the <br />Division actually approved that Energy Fuels could reduce the bond by. This <br />reduced the bond to $188,081.00, while the actual liability was reduced to <br />$169,717.00. <br />(/16/96, SL-04: DMG approved Phase I, II, and III bond release on the Santa Fe Loadouts No. 1 <br />and 2. This reduced the remaining liability by $8,963.00, for a total reclamation <br />liability of $160,754.00. <br />2/20/96, SL-03: DMG approved a phase I release of the backfilled and graded slopes excluded in <br />SL-02. This provided for a release of $962.00. Remaining liability is <br />$159,792.00. <br />5/19/97,RN-03: DMG reviewed remaining liability costs at the Raton Creek Mine site using <br />updated program costs. Included in this memo is the updated estimate. The <br />total reclamation liability amounts to $155,024.00. <br />The current bond held, in the "Bond Legal Document" file in your file drawer is <br />$205,831.00. Energy Fuels apparently has not replaced the bond in accordance <br />with SL-02, SL-03, SL-04 and TR-l9. These 4 bond releases/reductions <br />