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The Division scheduled and conducted a bond release inspection on May 22, 2001. Based upon <br />a review of the mine permit and approved reclamation plan, the bond release application and the <br />site inspection, the Division found that Kerr had successfully completed backfill, grading, and <br />drainage control at the loadout and successfully demonstrated that the 720 Pit and Pit 1 have <br />adequate topsoil replacement, vegetative cover, and hydrologic reclamation. SL-02 was <br />approved in June 2001. The Division released a total of $1,117,641.00 as detailed in the <br />Findings Document for the Phase I and Phase II Bond Release for the Loadout Area, 720 Pit, and <br />Pit 1 dated June 26, 2001. The remaining bond held is $700,720.00. <br />A Phase I Bond Release (SL-03) was approved in February 2002 for backfilling, grading, and <br />drainage controllreestablishment for the Marr Pit area. There were no borid monies associated <br />with this bond release application. Thus, the current bond amount held remains at $700,720.00. <br />Pursuant to Rule 3.02.2(4), the Division has reviewed the Marr Mine reclamation liability. <br />Attached is the reclamation cost estimate for the 2003 Midterm Review for the Marr Mine. The <br />cost of the remaining reclamation is estimated at $409,918.00. The Division will, however, <br />continue to hold a bond in the amount of $700,720.00 because this amount was set by the bond <br />release process (SL-02). <br />