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• • iiiiuiiiiiiiiuiii <br />COTTER CORPORATION z81~t uu t<oaa <br />~^,~ P.O. Box 700 <br />Western Slope Operations Phone (970) 864-7347 <br />Nucla, CO 81424-0700 Fax (970) 864-7287 <br />Receiveq <br />DENV~~ <br />September 10, 1999 PV~LIC F~ E FACE SEP j 4 X999 <br />'~~~~: ~- COPY <br />Mr. Wallace Erickson '`.30 <br />Colorado Division of Minerals and Geology' ~~'.~` S' ~~ ~ ~lvtsbn R~^efals 8 Gep ~y <br />484 Turner Drive, Building F, Suite 101 <br />Durango, CO 81301 ~~'Y^~h '~ T/~_,~ <br />Re: Permit No. M-77-307, CM-25 Mine, Technical Revision <br />Dear Mr. Erickson: <br />Cotter Corporation requests a Technical Revision for the above captioned permit regarding <br />compliance with Rule 4.2.1(8). <br />Cotter currently holds a $18,000 bond with Pacific Insurance Company (see attached) to satisfy <br />the Federal Department of Energy bonding requirements. The current reclamation cost estimate <br />is $7,500. Therefore, according to Rule 4.2. I (8) "When mining on federal land and the federal <br />land management agency requires that a financial warranty be posted with their agency, the <br />amount of financial warranty posted with the state shall be the difference between the amount <br />required to be posted by the federal land management agency, and the amount required by the <br />Mined Land Reclamation Board. In no event shall the amount of financial warranty posted with <br />the state be less than $100. <br />Upon approval of this Technical Revision, Cotter Corporation will post a $100 cash bond <br />assigned to the Board. In addition, Cotter Corporation commits that in the event the federal land <br />management agency reduces the Financial Warranty, Cotter will post an acceptable replacement <br />warranty with the state prior to any release by the federal land management agency. The <br />replacement warranty shall be suflicient to cover the cost of reclamation liability unless the state <br />conducts an inspection and concurs with the federal land management agency finding. <br />If you have any questions, please contact Dave Diss at 970-864-7347. <br />Sincerely, <br />COTTER CORPORATION <br />~.~ Gee%~G~~4 <br />Gt'en Williams <br />Manager Western Slope Operations <br />DD/tlt <br />~echrcv25.dd <br />cc: Dave Munger <br />