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REV88194
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REV88194
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Entry Properties
Last modified
8/25/2016 3:10:25 AM
Creation date
11/21/2007 10:40:28 PM
Metadata
Fields
Template:
DRMS Permit Index
Permit No
C1994082
IBM Index Class Name
Revision
Doc Date
3/5/2007
Doc Name
Reclamation Cost Estimate Memo
From
Jim Stark
To
Mike Boulay
Type & Sequence
SL1
Media Type
D
Archive
No
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and the Wolf Creek Pit. Costs for backfilling and grading will be reduced when the total <br />azea requested is more than what is covered by the worst case disturbance, <br />The Division is proposing a monetary release for the construction ofpost-mining channel <br />9 (YPM-9). The Division finds that this channel is constructed in accordance with the <br />approved permit design, is stable and is functioning as designed. As stated above, the <br />releasable amount for YPM-9 is $11,862.00. <br />BOND REDUCTION <br />The Division currently holds a corporate surety in the amount of $5,200,000.00 from the <br />Seaboazd Sutety Company (CS329873) for the Yoast Mine. The required surety for the <br />Yoast Mine, prior to the Partial Phase I Bond Release SL-Ol, is $5,046,639.00. This <br />cun•ent liability of $5,046,639.00 is based on several recent permitting actions, the <br />chronology of which is detailed below. <br />On 6 October 2004 the Division approved Technical Revision 25. This revision was for <br />variance in contemporaneous reclamation for the Valora Pit at the Yoast Mine. The <br />revision increased the Mine's liability $580,530.00 to $5,128,121.00. At that point the <br />operator submitted a corporate surety for $5,200,000.00. <br />Following the approval of Technical Revision 25, the Division received Permit Revision <br />02. This revision changed the Yoast Mine's mine plan and modified portions of the <br />mine's reclamation plan. Permit Revision 02 was approved on 28 February and <br />decreased the required liability $209,898.00. The decrease in required liability was <br />related to the changes in the reclamation plan approved with Permit Revision 02 and not <br />reclamation that had been completed at the Yoast Mine. On 28 February 2006 the <br />Division issued a "Proposed Decision and Findings of Compliance for the Yoast Mine". <br />On page 9 of the Findings, the Division discusses the approval of the Bond Reduction for <br />the Yoast Mine. The new required liability following Permit Revision 02 was <br />$4,918,233.00. <br />Permit Revision 02 was followed by Technical Revision 29. This revision changed <br />portions of the Yoast Mine's post-mining topography and some of its post-mining <br />drainage channels. Technical Revision 29 was approved on I S June 2006 and increased <br />the required liability $128,416.00. The increase was related to the changes and additions <br />to the post-mining drainage channels at the Yoast Mine. The new required liability <br />following Technical Revision 29 was $5,046,639.00. <br />There have been no revisions to the Yoast Mine permit [hat have changed [he mine's <br />liability since the approval of Technical Revision 29. Prior to the approval of the Partial <br />Phase [Bond Release SL-O1 the required liability at the Yoast mine remains at <br />$5,046,639.00. <br />
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