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Rule 2.03 Legal, Financial, Compliance and Related Information <br /> 1. Please update the information required under 2.03.6 (1) in its entirety. In <br /> particular the reference to Taiheiyo (USA) should be removed. This <br /> section should also specifically identify where the legal description for the <br /> permit area is located in the permit application. Please review Rule <br /> 2.03.6(1). <br /> 2. Stipulations 6, 7, and 10 are past due. Please propose reasonable due <br /> dates for each of these stipulations based on known or estimated <br /> operation plans. <br /> Section VI <br /> Bondin <br /> The Division currently holds bond # 110343 in the amount of$ 2,009,009.26 <br /> issued by Frontier Insurance Company for reclamation at the Lorencito Canyon <br /> Mine. Given that the operation has yet to commence operations, the Division <br /> will not conduct an in-depth review of the reclamation cost estimate. However, <br /> if and when the operation begins, the Division will review the reclamation cost <br /> estimate based on the proposed mine plan and adjust the required cost <br /> estimate accordingly. <br /> Also, as Lorencito Coal Company is aware, the Division sent notification on <br /> July 18, 2000 of the need to replace the Frontier Insurance bond within 30 <br /> days of receipt of the notification. As of the writing of this document, that <br /> requirement remains outstanding. <br /> This concludes the initial phase of the mid-term review process. The Division <br /> would like responses to this review by September 30, 2000. Your prompt <br /> attention to issues as outlined in this mid-term review is appreciated. <br />