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III III~IIIII"II'll 0 999 ~' ~ United States Department of the Interior N BUREAU OF LAND MANAGEMENT ,~ ~ ~ . Colorado Stete Office 2850 Youngfield Street IN REPLY REFEP TO: LakeWOOd, Colorado 80215-7076 MAY 15 2001 RECEIVED MAY 1 1 2001 Certified Mail Lodestar Energy, Inc. 333 West Vine St., Ste. 1700 Lexington, Kentucky 40507 Division of Minerals and Geology Notice Terms and Conditions of Coal Leases Waived CO-933 (KP) 3451 C-0125939 C-0125515 C-0125516 Coal n7C CGu,, C The above referenced coal leases were issued effective May 1, 1968, and were readjusted effective May 1, 1988. By decision of the Colorado State Office, the lessee, Grand Valley Coal Company, was granted a suspension of operations and production pursuant to section 39 of the Mineral Leasing Act of 1920, as amended, for a period of five years effective June 30, 1997. Effective January 1, 2000, record title assignments were approved for the above- referenced leases to Lodestar Energy, Inc. The suspension of operations and production terminated on February 23, 2000. The leases would normally have been readjusted on May 1, 1998, but because of the section 39 suspension, the term of the leases was extended by the suspension period of two years and 238 days and the leases would next became subject to readjustment of their terms and conditions on December 25, 2000. Notice of intent to readjust the coal leases dated August 2, 2000, was sent to Grand Valley Coal Company by decision titled Suspension of Operations and Production Terminated, New Dates Established for Readjustment, etc. No decision containing the readjusted terms and conditions was sent before the new readjustment date of December 25, 2000, as the authorized officer prescribed in the decision. Therefore, as provided by the regulations at 3451.1(c)(2), we are hereby waiving the right to readjust the leases for the readjustment period in question. As a result, the leases will continue with the same terms and conditions as readjusted effective May 1, 1988. The leases will next be subject to readjustment on December 25, 2010. pu y t e D ctor Resource Services cc: FOM, Grand Junction FO FOM, Uncompahgre FO MMS, Sol Mins Rep Sec OSMRE 1/ CDMG DOJ Governor ~' Frank Salwerowicz De t S at ire