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STATE OF COLOI~DO <br />DIVISION OF MINERALS AND GEOLOGY <br />Department of Natural Resources <br />1313 Sherman St., Room 215 <br />Denver, Colorado 80203 D I V I S I G N O F <br />Phone: (303) 866-3567 M I N E RA L$ <br />FAX: (303) 832-8106 6L <br /> GEOLOGY <br /> 0.EC LA MATION <br />Fabruary 19,2002 MINING•SAFETY <br />Mr. Timothy Pierce Biu ovens <br /> Governor <br />Cotter Corporation <br />Greg E. Walther <br />P.O. BOX 1017 Executive Director <br />Golden, CO 80402 Michael B. Long <br /> Division Director <br />Re: Schwartzwalder, Permit No. M-1977 -300, Financial Warranty Reduction Approval, <br />Revision No. SR-1 <br />Dear Mr. Pierce: <br />On February 16, 2002 the Division of Minerals and Geology approved your request for a Financial Warranty <br />Reduction to $343,928.00. This is a reduction of $593,162.00. <br />Please provide a rider to the current Financial Warranty, or submit a new Financial Wazranty reflecting this <br />reduction. If you wish to submit a different type of Financial Warranty, please contact our office for the applicable <br />form. <br />If you have any questions, please contact me. <br />Sincerely, <br />Anthony J. Waldron <br />Environmental Protection Specialist <br />cc: Bazb Chiappone, Division of Minerals and Geology <br />\\DMG-S 1\hMss\Tdd\TEMP\M-FW-13 M1977300_AIW_20020219 14502 PM.doc <br />