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<br />Rule 2.03 Leal, Financial, Compliance and Related Information <br />1. Please update the information required under 2.03.6 (1) in its entirety. In <br />particular the reference to Taiheiyo (USA) should be removed. This <br />section should also specifically identify where the legal description for the <br />permit area is located in the permit application. Please review Rule <br />2.03.6(1). <br />2. Stipulations 6, 7, and 10 are past due. Please propose reasonable due <br />dates for each of these stipulations based on known or estimated <br />operation plans. <br />Section VI <br />Bondin <br />The Division currently holds bond # 110343 in the amount of $ 2,009,009.26 <br />issued by Frontier Insurance Company for reclamation at the Lorencito Canyon <br />Mine. Given that the operation has yet to commence operations, the Division <br />will not conduct an in-depth review of the reclamation cost estimate. However, <br />if and when the operation begins, the Division will review the reclamation cost <br />estimate based on the proposed mine plan and adjust the required cost <br />estimate accordingly. <br />Also, as Lorencito Coal Company is aware, the Division sent notification on <br />July 18, 2000 of the need to replace the Frontier Insurance bond within 30 <br />days of receipt of the notification. As of the writing of this document, that <br />requirement remains outstanding. <br />This concludes the initial phase of the mid-term review process. The Division <br />would like responses to this review by September 30, 2000. Your prompt <br />attention to issues as outlined in this mid-term review is appreciated. <br />