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STATE OF COLORADO <br />DIVISION OF MINERALS AND GEOLOGY <br />Department of Natural Resources <br />1313 Sherman St., Room 215 <br />Denver, Colorado 80203 <br />Phone: (303) 866-3567 <br />FAX: (303) 832-8106 / <br />August 9, 2005 v <br />~~~ <br />GRAND JUNCTION <br />r1FC~r~ <br />COLORADO <br />DIVISION O F <br />MINERALS <br />GEOLOGY <br />3ECLAMATION•MINING <br />sAFETY•SC IENGE <br />Brent Kerr / BIII Owens <br />United Companies (Old Castle SW / Governor <br />P.O. Box 3609 Russell George <br />Executive Director <br />Grand Junction, CO 81502 ~ / Ronald W. Cottony <br />/ Division Director <br />(/ Natural Resource Trustee <br />Re: MMMJChambers Pit, Permit No. M-1979-205, Final Notice Of Bonding <br />Requirements For Amendment AM-O~ott Expansion. <br />Dear Mr. Ken: <br />RFC~`~ <br />According to Rule 4.1(2), no permit or amendment maybe issued without the~p~e~UG /s ~~ <br />financial warranty in place. The permitee has one calendaz year to post the requrr~ ?QQ.S <br />bond. If the Division within that one calendar yeaz does not accept the bond, the MinedHirg <br />Land Reclamation Boazd must review the previous approval. The Board may deny the N~6~~,~dr <br />permit or amendment, or require re-notifications to all parties and require the bond be <br />posted by a certain date or it will be denied. <br />The Division records indicate that staff approved the Scott Expansion, AM-02 on August <br />31, 2004. Therefore, Old Castle SW has until August 31S`, 2005 to post the additional <br />bonding required with the approval of the amendment. Currently the Division holds <br />$194, 850.00 in bonding. The amendment requires $212,000.00 for reclamation liability <br />at the site. This is a difference of $17,150.00. Old Castle SW must have the additional <br />bonding accented by the Division prior to August 31, 2005 in order to avoid a Board <br />Review at the next available Board Hearing in Denver. <br />If you need additional information, please contact me at the Division of Minerals and <br />Geology, Grand 3unction Field Office, 101 S. 3rd St., Suite 301, Grand Junction, <br />Colorado 81501, telephone no. 970.241.1117. <br />Sincerely, <br />~' <br />G. Russell Means <br />Environmental Protection Specialist <br />Cc: Suzi Ericksen, Program Assistant, Denver Office (e-mail) <br />Office of <br />Office of <br />Colorado <br />