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_;~ <br />COTTER CORPORATION <br />Western Slope Operations <br />Nucla, CO 81424-0700 <br />December 10, 1999 <br />Mr. Wallace Erickson <br />Colorado Division of Minerals and Geology <br />Durango Field Office <br />701 Camino Del Rio, Room 215 <br />Durango, CO 81301 <br />M 2`111 IIIIIIIIIIIIIIII <br />P.o. Box 700 <br />Phone (970) 864-7347 <br />Fax (970) 864-7287 <br />~r. ,a ~f. <br />r "~ <br />!~ ~ , <br />~> ~ ~ ~. <br />i°+~F~~ ~ ,~. <br />., a , <br />_ ~__ <br />~~~ M~'sien Ai., ~~ T.~ <br />Re: Technical Revision Permit No. M-77-451, SR-11 (Ike #1) Mine <br />Dear Mr. Erickson: <br />R~~ <br />DEC '~ ~ ~~ <br />iisiDo~onM Fa'~~~ <br />,C~~ & Geology <br />Cotter Corporation requests a Technical Revision for the above captioned permit regarding <br />compliance with Rule 4.2. I(8). <br />Cotter currently holds a $15,000 bond with Pacific Insurance Company (see attached) to satisfy <br />the Federal Department of Energy bonding requirements. The Division of Minerals and Geology <br />currently holds a financial warranty bond of $18,870. Thus, the total amount of the bonds held <br />for the SR-11 Mine total $33,870. Cotter will post a bond in the amount of $3,870 to cover the <br />difference between DMG bond of $18,870 and the DOE bond of $15,000. This is in accordance <br />with Rule 4.2.1 (8) "When mining on federal land and the federal land management agency <br />requires that a financial warcanty be posted with their agency, the amount offinancial warranty <br />posted with the state shall be the difference between the amount required to be posted by the <br />federal land management agency, and the amount required by the Mined Land Reclamation <br />Board. In no event shall the amount offinancial warranty posted with the state be less than <br />$100." <br />Cotter Corporation commits that in the event the federal land management agency reduces the <br />Financial Warranty, Cotter will post an acceptable replacement warranty with the state prior to <br />any release by the federal land management agency. The replacement warranty shall be sufficient <br />to cover the cost of reclamation liability unless the state conducts an inspection and concurs wi[ir <br />the federal land management agency finding. <br />A check for $150 is enclosed to cover the Technical Revision fees fora 112 permit. If you have <br />any questions, please contact Dave Diss at 970-864-7347. <br />Sincerely, <br />COTTER CORPORATION <br />Glen Williams <br />Manager Western Slope Operations <br />DDftlt <br />~r~nrvi i.aa <br />cc: Dave Munger <br />