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Coal produced at the propcrty <br />was mined by undcrground meth- <br />ods wish mine production in excctr.~ <br />of 600,000 tons per year. More <br />than 200 minas were employed at <br />U.S. Stccl Somcrsct Minc during <br />maximum production. <br />The Somcrsct propcny was sold <br />by U.S. Stccl Mining Company, <br />Inc. in lale 1985 la Kaiser Coal <br />Corporation. <br />Coal miming ceased and <br />emp;oy~;cs were laid off upon prop- <br />erty acquisition b}• Kaiser. No min- <br />ing operations have been pcr- <br />formcd subscqucntto the purchase <br />of tho propcrty by Kaiser. <br />Somcrsct Alining Lo is a pan- <br />ncrship formed bcnvccn Bcar Corl <br />Co., Inc. of Somcrsct and the Pacif- <br />ic Basin Resources Division oC Ox- <br />bow Carbon and A1incral, lnc. of <br />Littleton, Colo. <br />Bcar Coal Co., Inc., the operat- <br />ing partner of Somcrsct Alining <br />Company is a Colorado based coal <br />mining company ,vilh a head office <br />located in Somcrsct. <br />Bcar has more than 50 years <br />experience in the opcrotion of <br />undcrground coal mines and <br />To Page 3 <br />