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NAR-10-03 04:38PN <br /> <br />FROM-Henderson Nina 2nd Floor <br />303 556 2630 <br />CLIMA}~ MOLYBDENUM COMPANY <br />A Svn&oNry of Prclp: Ooopa W ~porooon <br />Mazch ] 0, 2003 <br />Ms. Lurline Underbrink-Curran <br />Grand County Manager <br />Grand County Courthouse <br />P.O. Box 264 <br />Hot Sulphur Springs, CO 90451 <br />RE: Henderson Mine and Mill <br />Reclamation Permit M-77-342 <br />Amendment AM-04 <br />Dear Ms. Uaderbrink-Curran: <br />T-616 P.002/005 F-637 <br />enderson Operations <br />P.O. box 86 <br />Empire, Colorado 80438 <br />(3031 563322'1 <br />Fax (303) 569-2830 <br />'T'hank you for the opportunity to discuss I-Ienderson's proposed amendment to its Mined <br />Land Reclamation Pernctit last week. I regret not taking the opportunity eazlier in the <br />process to explain the amendment in mote detail to your staff. <br />I'd like to take the time to address some of the issues that the County has raised regarding <br />the amendment. Particularly, I'd like to respond to the County's draft letter to the Mined <br />Land Reclamation Board that I was provided at our meeting. <br />It is true that Amendment AM-04 is driven, in part, by Henderson's desire to reduce the <br />financial warranty for the Henderson Mine and Mill. When the Division of Minerals and <br />Geology recalculated Henderson's financial warranty late last year, we felt that it grossly <br />overestimated the reclamation costs for Henderson. However, most of our disagreement <br />with the Division is not related to the reclamation activities themselves, but is focused at <br />the unit costs used by the Division and has been addressed outside this amendment. The <br />amendment is also driven by the realization, when we reviewed the financial warranty <br />package, that some of the reclamation activities in Henderson's permit no longer reflect <br />Henderson's own, internal plans for reclamation either because of changes to the mine <br />plan, newer technologies or due to community desires for post-mining land use. <br />LOST CREEK <br />Although there is ao financial warranty associated with the pezmitted acreage in Lost <br />Creels, Iienderson no longer has any plans to disturb this area as part of the mitring <br />process. Since this is valuable property that could be used to provide collateral for the <br />