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STATE OF COLORADO <br />DIVISION OF MINERALS AND GEOLOGY <br />Department o(Nalural Resources N~~o~ <br />1313 Sherman St., Roam 215 <br />Denver, CO 80203 • • ie,s s • <br />Phone: 0031 866-3567 <br />FAX: 13031 832-8106 Ray Romer <br />Governor <br />Michael B. Long <br />SETTLEMENT AGREEMENT Division Director <br />Cessation Order No. N/A Notice of Violation No. C-93-062 <br />Mine Name: New Elk Permit No.: C-81-012 <br />Permittee: Basin Resources Inc. <br />Mailing Address: 14300 Highway 12, Weston, CO 81091 <br />Operator <br />(If Other than Permittee): <br />Mailing Address: <br />County: Las Animas Type of Mine: Underground/Federal <br />The Division of Minerals and Geology ("the Division") issued a certain Notice <br />of Proposed Amount of Civil Penalty, and the operator requested a conference <br />thereon, as authorized by C.R.S. 1973, 34-33-123(8). The requested conference <br />having been held as required by law, on July 22, 1993, the Division and the <br />operator hereby agree as follows: _ <br />1. The amount of the penalty shall be $1,500.00; <br />2. The penalty shall be paid to the Division by the operator not later <br />than 30 days from the date hereof; <br />3. Payment of such penalty by the operator shall constitute a waiver <br />of all further rights to review of such penalty or of the violation <br />on which it is based. <br />This agreement shall not be effective unless signed by the operator within ten <br />days after the closing date of such conference, which date is set forth below <br />opposite the signature of the Conference Officer. If not .so signed, the <br />Division will fix the penalty at whatever amount it deems appropriate, based <br />upon the factors referred to in C.R.S. 1973, 34-33-123(8)(d). <br />DATE: <br />OPERATOR <br />By <br />DIYISION OF MINERALS AND GEOLOGY <br />DATE: ~~~7~q3 BY 1^I-~,lnL~lS,t,r4,,...~ <br />on eren" ce~ficer <br />C.R.S. 34-33-123(8)(c)(d) <br />SLB/ern 8254E <br />