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STATE OF COLORADO <br />DIVISION OF MINERALS AND GEOLOGY <br />Department of Natural Resources <br />1313 Sherman 6t., Room 215 C O L D RA D O <br />Denver, Colorado 80203 D t v t s t o H o f <br />Phone: (303) 866-3567 ~ tit I N &RA L $ <br /> <br />FAX: (303) 832-8106 G E O L O G Y <br /> RECLA MATIDN•MIN ING <br /> SAFETY•SCIENCF <br />August 1, 2003 Bill Owens <br /> Governor <br />Mr. Lanny Pleper Creg E. Walther <br />Executive Director <br />Valco, Inc. <br />P.O. I30X $50 Ronald W. Cattany <br />Division Director <br />Rocky Ford, CO. 81067 Natural Resource Trustee <br />Re: Rocky Ford South Pit, Permit No. M-1977-222, Financial Warranty Increase, Revision No. <br />SI-O1 <br />Deaz Mr. Pieper: <br />On August 1, 2003, the Division of Minerals and Geology increased the current Financial <br />Warranty for this pernut to $60,000.00, in accordance with Rule 4.2.1 of the Rules and <br />Regulations. This is an increase of $46,800. <br />The Division ordered amendment of the current Financial Warranty, or submittal of a new <br />Financial Warranty reflecting the increase, must be submitted to the Division within 60 days <br />from the date of this letter. If you wish to submit a different type of Financial Warranty, please <br />contact me so I may send you the applicable form. <br />A copy of the Cost Estimating Summary form and individual tasks is enclosed. <br />If you have any questions, please contact me. <br />Sincerely, <br />/t./~ <br />James Dillie <br />Environmental Protection Specialist <br />cc: Harry Posey (e-mail) <br />Suzi Ericksen (e-mail) <br />Enclosure <br />Office of <br />Mined Land Reclamation <br />Active and InaRive Mines <br />CDloradc <br />Geological 5~• <br />