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~t Lt <br />STATE OF COLORADO <br />DIVISION OF MINERALS AND GEOLOGY <br />Department of Natural Resources <br />1313 Sherman St., Room 215 <br />Denver, Colorado 80203 <br />Phone: (303) 866-3567 <br />FAX: (30.3} 832-8106 <br />January 2, 2003 <br />Mr. George Zadel <br />Northern Colorado Constructors, Inc. Aggregate Div <br />P.O. Box 670 <br />PlattevIDe, CO 80621 <br />Re: NCCI Pit #1, Technical Revision Approval, Permit No. M-2001-107, Revision No. TR;2 <br />Deaz Mr. Zadel: <br />DIVISION OF <br />MINERALS <br />GEOLOGY <br />RECLAMATION <br />MINING•SAFETY <br />Bill'Owens <br />Governor <br />Greg E. Walther <br />Executive Director <br />Ronald W. Cottony <br />Acing Division Director <br />On December 31, 2002 the Division of Minerals and Geology approved the Technical Revision application sutimifted to <br />the Division on November 6, 2002, addressing the following: ~ . <br />Phased bonding for 7 phases of mining, and liner construction and borzdirig per regulated construction option. <br />Therefore, each section of the liner that is completed under the terms of the regulated constmction option. and Io the <br />satisfaction of the Division will qualify for a reduction in bonding from 100% to 20%. Also, the bonding requirement for <br />each phase of the operation is as follows: <br />Phase l: $249,900.00 <br />Phase 2: $168,000.00 <br />Phase 3: $256,500.00 <br />Phase 4: $286,500.00 <br />Phase 5: $182,600.00 <br />Phase 6: $245,900.00 <br />Phase 7: $107,900.00 <br />Attached are reclamation cost estimates for each phase of the of the operation. <br />The temis of the Technical Revision No. 2 approved by the Division aze hereby incorporated into Permit No. M-2001- <br />107. All other conditions and requirements of Permit No. M-2001-107 remain in full force and effect. If you have not <br />akeady done so, please submit a financial warranty of at least $249,900.00 for Phase 1 of the operation. The revision <br />will not be final until the bond is approved by the Division. If you have any questions, please contact me at (303) 866- <br />3567. <br />Sincerely, <br />Thomas A. Schreiner k~~~/y~ <br />Environmental Protection Specialist <br />Cc: Bazb Chiappone, Division of Minerals and Geology <br />Enclosure <br />M:Wss17dd1TbMP1M-RV-01_M2001107_TAS_20030102_t4156 PM.doc <br />