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~~ <br />COT CORPORATION <br />Western Slope Operations <br />Nucla, CO 81424-0700 <br />September 8, 1999 <br />Mr. Wallace Erickson <br />Colorado Division of Minerals and Geology <br />484 Turner Drive, Building F, Suite 101 <br />Durango, CO 81301 <br />~ 28,5 III IIIIIIIIIIIII III <br />P.o. Box 700 <br />Phone (970) 864-7347 <br />Fax (970) 864-7287 <br />FUg~I~ F OFFICE <br />Fi~E. LE COp~, <br />SlT'E•~. oG <br />Re: Permit No. M-77-306, JD-9 Mine, Technical Revision <br />Dear Mr. Erickson: <br />Received <br />SEP 2 71998 <br />Oivis~ oln9o Field OryiCe <br />Miners g Geol <br />o9Y <br />Cotter Corporation requests a Technical Revision for the above captioned permit regarding <br />compliance with Rule 4.2.1(8). <br />Cotter currently holds a $72,000 bond with Pacific Insurance Company (see attached) to satisfy <br />the Federal Department of Energy bonding requirements. The Division of Minerals and <br />Geology's revised reclamation cost estimation totals $43,949. Therefore, according to Rule 4.2.1 <br />(8) "When mining on federal land and the federal land management agency requires that a <br />financial warranty be posted with their agency, the amount of financial warranty posted with the <br />state shall be the difference between the amount required to be posted by the federal land <br />management agency, and the amount required by the Mined Land Reclamation Board. In no <br />event shall the amount of financial warranty posted with the state be less than $100. <br />Upon approval of this Technical Revision, Cotter Corporation will post a $100 cash bond <br />assigned to the Board. In addition, Cotter Corporation commits that in the event the federal land <br />management agency reduces the Financial Warranty, Cotter will post an acceptable replacement <br />warranty with the state prior to any release by the federal land management agency. The <br />replacement warranty shall be sufficient to cover the cost of reclamation liability unless the state <br />conducts an inspection and concurs with the federal land management agency finding. <br />A check for $150 is enclosed to cover the Technical Revision fees for a 112 permit. <br />If you have any questions, please contact Dave Diss at 970-864-7347. <br />Sincerely, <br />COTTER CORPORATION <br />~~ ~~~~ <br />Glen Williams <br />Manager Western Slope Operations <br />DD/tlt <br />~echrev9.da <br />cc: Dave Munger <br />