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<br />NCIG FINANCiAI,, INC. <br />(C-84-065) <br /> <br />• NCIG Financial, Inc. appeals DMG's decision to deny Phase I bond release <br />• Basis for decision: 7 items needed further work: <br />1) Removal of two groundwater monitoring wells <br />2) Removal of a culvert <br />3) Disposal of a pile of waste rock <br />4) Backfilling of a cutslope <br />5) Distribution of a topsoil stockpile that had been only partially <br />redistributed <br />6) Repair of a slump over one of the portals <br />7) Stabilization of terrace outslopes which exhibited a slump at the <br />time of the bond release inspection <br />• Four of the items above needed to be addressed in a technical revision <br />• Uncertainty as to what would be included in the final reclamation plan led to <br />an inability to accurately estimate reclamation costs for the remaining tasks <br />• Technical revision has been approved, and reclamation plan is now finalized <br />• DMG recommends Board modify decision to deny and issue partial bond <br />release to NCIG <br />Original Bond: $288,000 <br />60% of Original Bond: $172,800 <br />Cost of Remaining Reclamation Tasks: $10,806 <br />Recommended Bond Release: $161,994 <br />