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STATE OF COLORADO <br />DIVISION OF MINERALS AND GEOLOGY <br />Department of Natural Resources <br />1313 Sherman Sl., Room 215 <br />Denver, CO 80203 <br />Phone: 1303) 8663567 <br />FA%: (307) 832-8106 <br />SETTLEMENT AGREEMENT <br />Cessation Order No. N/A Notice of Violation No. C-93-058 <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/Private <br />°F ooto <br />„R~ <br />0 <br />~ r8'!6 ~ <br />Ray Romer <br />Governor <br />Michael B. Long <br />Division Director <br />The Division of Idinerals 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 E2,000.00; <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 />DATE: '~ a-1 3 <br />C.R.S. 34-33-123(8)(c)(d) <br />DIVISION OF MINERALS AND GEOLOGY <br />BY .~M~d w ~ ~ J - <br />on erence 6ffitcer <br />~SJ~~/~rn <br />