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S(z-z/ <br />COrrER `~ FEB 0 5 Zi <br />Mr. Anthony Waldron <br />Environmental Protection Specialists <br />Division of Minerals and Geology <br />1313 Sherman Street, Room 215 <br />Denver, Colorado 80203 <br />Qiaision ~f Minerals anti e;,;0lOgy <br />3 February, 2003 <br />RE: Reclamation Permit M-1977-300, the Cotter Corporation Schwartzwalder Mine <br />,~ Request for Financial Warranty Reduction in Accordance with Rule 4.13 <br />Dear Mr. Waldron: <br />The Cotter Corporation (Cotter) Schwarizwalder Mine (Mine) is located in Jefferson County. <br />The Mine has a 112R Hard Rock/ Metal reclamation permit with a total permitted affected area <br />of 51.89 acres in Section 25, T2S, R71W, 6PM and Section 8, T3S, R70W, 6PM. A total of <br />$343,928.00 in site reclamation costs for the Mine are currently covered under bond <br /> This financial warranty amount was calculated in 1977 and revised in 1983, <br />1993, 1996 and 2002 in accordance with the work specified in the reclamation plan. <br />The Mine does not have a phased reclamation plan, but Cotter has been reclaiming surface <br />facilities and areas that are no longer used in the mining operation, in accordance with the <br />permit reclamation plan, since May of 1998. Cotter is requesting a review by the Division of <br />Minerals and Geology (Division) of reclamation work completed since the last warranty review <br />in 2002 and a reduction in the financial warranty to reflect the work completed under the <br />current reclamation plan for Permit M-1977-300. <br />An itemized list of reclamation work completed since 02/16/02 in accordance with the <br />approved reclamation plan and the reduction in direct reclamation costs for the work <br />completed is contained in Table A °Reclamation Work Completed for Permit M-1977-300." <br />Table A is followed by a recalculation of the required financial warranty to reflect reclamation <br />work that has been completed for permit M-1977-300 since the last warranty recalculation in <br />2002. The reclamation work and costs listed in Table A were taken from the thorough joint <br />warranty review conducted by the Division and Cotter from 1993 through 1996. The <br />recalculation of the warranty was also performed in accordance with the methodology used <br />by the Division in the joint warranty review conducted by the Division and Cotter in 1993 <br />through 1996. <br />Cotter Corporation Telephone 1303) 642-3893 <br />Schwartzwalder Mine, P.O. Box 1017, Golden, CO 80402-1017 USA Fax (303) 642-7379 <br />