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United States Department of the Interior <br />OFFICE OF THE SOLICITaR <br />DENVER HELD OFFICE <br />r.o. >tox ssao~ <br />aENVER renEa~1 rENrEa <br />DENVER COIARADO iII22! <br />llpril 19, 1991 <br />(303) 236-3346 <br />DSM. TN. p047 <br />oI71 TACOII~ILS A7PD SOT CLAOO )LAIC <br />Cindy stoat, !squire <br />Leaoeut, Iamb, La1by i llacRaa <br />1000 Rsnrns >,uildinq <br />136 south Main Street <br />salt Lak• city, IItah X4101 <br />Rs: Renewal of Iwttar of Credit lfo. 0-9145 <br />Dear Ma. Steel: <br />This 1a to notily you that the Ottioa of 6uriaca Mining <br />Reclamation and Enforcement (OSH) has reviewed 4nd finds <br />acceptable, the draft Letter o! Credit, which i• attaehnd hozato <br />ac Exhibit 11 (hereinattaz referred to as th• "Renewed Latter of <br />Credit"), which CFiI Steel Corporation proposes to substitute as <br />a renawnl of the previous Letter of Credit No. 0-9145, dated <br />November ]~, 1990. <br />OSM agrees to forbear from praeantinq Latter o! Credit Ito. <br />- 0-9145 to United Bank of sunset Park for payment through ?Ley 22, <br />1991. 05M'^ lorbsarance is baasd upon assertions by counsel for <br />CFiI that the Aanswad Latter o! Credit is being sought and will <br />ba ieausd torthvith. <br />OSM does net waive its right to make demand for payment under <br />Letter of Credit Ho. 0-9145 except in accordane• with this <br />lattsz, nor does it waive its rights under any istter o! credit <br />- subetitutsd to a zenawal o! lwttar of Credit No. 0-914b in tba <br />future. 2t CFiI is unable to rsplaea Latter of Credit No. 0-9145 <br />- with tho Renowad Latter of Credit by the eloae o! business on <br />wednssday, >!cay Z4, 1991, DSM Vili present Latter of Credit No. <br />- 0-9145 !or payment. <br />_ Vary truly Y~ra, <br />Da11nn L. Oven <br />_~ cc: Mr. 8atar Rutledge <br />EXHIBrT <br />~~ <br />