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Section VI <br />Bondin <br />The Division currently holds bond # 16-66-96 in the amount of $380,431.00 for reclamation at <br />the Southfield Mine, issued by National Union Fire Insurance Company. This bond amount <br />is statutorily limited by the 60 percent maximum criteria as required by Rule 3.03.1(2)(a). As <br />required by Rule 3.02.2(4), the Division has reviewed the cost estimate and recalculated <br />tasks using current costs. The actual calculated bond required to complete the reclamation <br />at the site is now $257,031.00, an increase of $31,175.00 from the previous cost estimate. <br />Therefore, the Division finds that the dollar amount of the posted performance bond is <br />adequate to ensure reclamation of the site as described in the approved reclamation plan. <br />This concludes the 2007 Midterm Review of the Southfield Mine. Please submit a technical <br />revision responding to the issues outlined in Section V within 45 days. <br />