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pF' COQ <br />d'A~8 <br />COLORADO DIVISION OF MINERALS AND GEOLOGY <br />1313 Sherman Sveet, Room 215, Denver, Colorado 80203, (303) 866-3567 <br />SETTLEMENT AGREEMENT <br />NOV/CO NO.: CV-2001-007 <br />MINE: Sanborn Creek Mine <br />PERMTTNO.: C-1981-022 <br />OPERATOR/PERMITTEE: <br />Oxbow Mining, Inc. <br />ATTENTION: Walter Wright <br />ADDRESS: P.O. Box 535 <br />Somerset, CO 81434 <br />DATE ISSUED: Apri120, 2001 <br />TYPE OF MINE: Underground/Federal <br />COUNTY: Delta <br />The Division of Minerals and Geology ("the Division") issued a certain Notice of Proposed Amount of Civil <br />Pena]ty, and the operator requested a conference thereon, as authorized by C.R.S. 1973 34-33-123(8). The <br />requested conference having been held as required by law, on June 29, 2001, the Division and the operator hereby <br />agree as follows: <br />1. The amount of the penalty shall be $1,250.00; <br />2. The penalty shall be paid to the Division by the operator not later than 30 days from <br />the date this Agreement is signed by all parties; <br />3. Payment of such penalty by the operator shall constitute a waiver of all further rights <br />to review of such penalty or of the violation on which it is based. <br />This agreement shall not be effective unless signed by the operator within ten days after the closing date of such <br />conference, which date is set forth below opposite the signature of the Conference Officer. <br />[f not signed within ten days, [he Division will fix the penalty at whatever amount i[ deems appropriate. The <br />fixed penalty amount will likely be the original penalty assessment, based on the factors referred to in C.R.S. 1973, <br />34-33-123(8)(a). <br />OPERATOR: <br />By <br />DNISION OF MINERALS AND GEOLOGY: <br />DATE: <br />DATE: ~.s,~ ~ , Lmvi <br />~~ <br />Penalty Adjustment Reviewed <br />[Rule 5.04.3(4)(c)] <br />CRS 34-33-123(8)(c) and (d) <br />C'KPm CI9810.1_IRa_1~10'106_18356 PM <br />