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'"~ Colowyo proposes to submit a performance bond for the permit term <br />incrementally in accordance with the disturbance. The proposal was <br />subsequently accepted by the Division. Effective July 8, 1992, <br />Colowyo submitted a Corporate Surety Reclamation Bond with Seaboard <br />Surety as Principal in the amount of $5,252,595.00. This bond, in <br />combination with Bond No. 46520380BCA provided by Aetna Casualty <br />and Surety Company noted above, increases Colowyo's bonded amount <br />to $14 million. This $14 million bond amount currently provides a <br />contingency in the amount of $365,935.00. <br />Colowyo will provide an additional bond amount of $4,117,250.00 <br />prior to initiating any mining activity in the West Pit Area. <br />A description of all lands currently disturbed, all lands to be <br />disturbed during the next permit term, and the schedule of <br />disturbance is included in Exhibit 13, Bonding Information. <br />The calculations for the bond amount, all associated plans and <br />designs, cost documentation and summary table are included in <br />Exhibit 13, Bonding Information. <br />3.03 Release of Performance Bonds <br />Colowyo has obtained Phase I and Phase II bond release for those <br />areas delineated on Map 34, Bond Calculation Map. This application <br />contains no request for additional bond release. <br />Details regarding this bond release can be found in Exhibit 13, <br />Bonding Information, Appendix E. <br />3.02-1 <br />