Laserfiche WebLink
STATE OF COLORADO <br />DIVISION OF MINERALS AND GEOLOGY <br />Department of Natural Resources <br />1313 Sherman St., Roan 275 <br />Denver, Colorado 80203 <br />Phase: (303) 8663567 <br />FAX: (303) 832.8106 <br />November 4, 2005 <br />Jim Stover, P.E. <br />J. E. Stover & Associates <br />P.O. Box 60340 <br />Grand Junction, CO 81506 <br />RE: Bowie No. 1 Mine, Permit No. C-81-038, Bowie Resources LLC <br />MT-5, 2005 Midterm Permit Review, Reclamation Cost Estimate <br />Deaz Mr. Stover: <br />COLORADO <br />DIVISION O F <br />MIN~RALS <br />GEOLOGY <br />EEC LANATION•Nr NIN° <br />rAEETY•ECIENCE <br />aal oEYea <br />Govenar <br />Russell George <br />Executive Directs <br />Ronald W. CatranY <br />Divisim Directs <br />NaNral Resource Trustee <br />Enclosed is the Division's reclamation cost estimate for the 2005 Midterm Permit Review for the <br />Bowie No. I Mine. The new liability is $5,756,607.00. This is $4,683.00 less than the current <br />liability of $5,761,290.00. The Division currently holds bond in the amount of $5,761,290.00. <br />If Bowie Resources LLC wishes to get back the excess bond of $4,683.00, only the cost of those <br />reclamation tasks that were not involved in the recent partial Phase One Bond Release (SL-2) can <br />be considered for the reduction. Rule 3.03.1(2) states the phases of bond release and the <br />maximum amount releasable for each phase. The Division has always interpreted this to mean <br />that once the 60% for Phase I has been released, the Division can never adjust a bond downward. <br />This is because the Division would then be releasing more than the 60% (similarly for the 15% at <br />Phase II). <br />Please inform the Division in writing whether or not the cost estimate is acceptable. If you have <br />any questions, please call me. <br />Sincerely, <br />~,,.~.~~ <br />osep J. D~lash <br />Environmental Protection Specialist <br />Enclosure <br />cc: William Beaz (Bowie Resources LLC) without enclosure <br />c:\word\bowie I \2005midtermlet2 <br />Office d Office of Colorado <br />Mined Land Reclamation Active and Inactive Mines Geologiral Survey <br />