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~~ 'THIS BOND REPLACES BOND N0. 14-015-861 , WRITTEN THROUGH LIBERTY MUTUAL INSURANCE COMPANY r STATE OF COLORADO DIVISION OF MINERALS AND GEOLOGY Department of Natural Resources 1313 Sherman St., Room 215 Denver, Colorado 80203 Phone: (303) 866-3567 FAX: (303) 832-8106 RED EAgED Minerals & Geology by: `f , . Operator: Operation: Permit No.: Warrantor: Street: City: State: ,rr RECEIVED JUL 2 5 2003 Division ~t Minerals and Geology FINANCIAL WARRANTY CORPORATE SURETY OLDCASTLE SW GROUP, INC. DBA UNITED COMPANIES PICEANCE PIT M-2001-077 Bond No.: XL SPECIALTY INSURANCE COMPANY Roy Romer Governor fames 5. Lochhead Executive Direcor Michael B. Long Division Director ~Tb,48'7 • ~ OF MESA COUNTY.. 25 INDEPENDENCE BLVD., STE. 103 WARREN NEW JERSEY Zip Code: Area Code: 801 Telephone: 07059 539-7406 KNOW ALL MEN BY THESE PRESENTS, THAT: WHEREAS, the Colorado Mined Land Reclamation Act, C.R.S. 1973, 34-32-101 et seg. (the "Act"), as amended, provides that no permit may be' issued under the Act until the Mined Land Reclamation Board (the "Board") receives a Financial Warranty (or Warranties) as described in the Act. OLDCASTLE SW GROUP, INC. . WHEREAS, DBA UNITED COMPANIES OF MESA COUNTY (the "Operator"), a COLORADO corporation, has applied for a permit to conduct a mining operation known as PICEANCE PIT (the "Operation"), on certain lands in RIO BLANCO Counry, Colorado. These lands are described in the permit application, as amended and supplemented, and are referred to herein as the "Affected Lands". WHEREAS, in the application for the permit, the Operator has agreed to be bound by all requirements of the Act and all applicable rules and regulations of the Board; as amended from time to time. WHEREAS, in the application for the permit, the Operator has agreed with the Board to provide for reclamation of the Affected Lands that are now, or may become, subject to the permit, as required by law.