REV103737

• Permit No: M1994117
• IBM Index Class Name: Revision
• Doc Date: 9/27/1995
• Doc Name: FINANCIAL WARRANTY REDUCTION REQUEST COM NC GOLD HILL MILL PN M-94-117
• From: DMG
• To: DUFFORD & BROWN
• Type & Sequence: SR1
• Media Type: D
• Archive: No

DIVISION OF MINERALS ANO GEOLOGI
Deparlmenl o! Natural Resources
1713 Sherman 51., Ruom 215
Denver, Colorado BO203
Phone: [phone]
FAX: [phone]
September 27, 1995
Mr. Richard L. Fanyo
Dufford and Brown, P.C.
1700 Broadway, Suite 17l
Denver, CO 80290-1701
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DEPARTMEIJT OF
NATURAL
RESOURCES
Rny Romer
Governor
lames 5. Lochhead
E.ecmive Dircaor
nnchzel B. tong
Division DuttlUl
Re: Financial Warranty Reduction Request, Colina Oro Molina (COM}, Inc.,
Gold Hill Mill, Permit No. M-94-117
Dear Mr. Fanyo:
The Division has reviewed your submittal, dated September 21, 1995,
requesting that the West One Bank of Washington Certificate of Deposit in
the amount of $45,263.00, currently held as a component of the Financial
Warranty for the Gold Hill Mill, be replaced by a Check for Deposit in the
State Treasury in the amount of $7,938.00. The Division recognizes that
the circumstances that led to your request to replace the existing bond
with a bond in a lesser amount were caused by the timing of a decision
rendered by the Boulder County Land Use Department, however, there is no
mechanism for processing your request other than that mechanism described
for reduction of warranty amount found in Rules 4.13 and 4.16 of the
Mineral Rules and Regulations of the Mined Land Reclamation Board. This
procedure must be followed by COM, Inc., with the following exceptions:
1. The Division will waive the requirement of Rule 4.13 to "include an
estimate of the actual cost to reclaim the site based on what it
would cost as independent contractor to complete reclamation". The
justification for this waiver is that COM, Inc. provided estimates
2.
3.
of this nature during the very recent re-permitting process for the
Gold Hill Mill.
The Division will waive the requirement for a Reclamation Report and
photographs as detailed in Rule 4.16(4). The justification for this
waiver is that the basis for the surety reduction request is
administrative, rather than being related to any actual reclamation
work completed.
The Division will not require COM, Inc. to submit the release
request via Certified Mail, but will establish September 21, 1995 as
the initial date for the 60 day compliance review period described
in Rule 4.16(5).