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Ju1.10. 2002 9:23AM <br />LORENCfTO COAL 119 866 2117 <br />r..Oren~'O YV~I -_"-'~~"~/~ ~ W BWn,CO'B10B1 <br />No•4368 P• 2 <br />DECEIVED <br />July 10, 2002 <br />Kent Gorham <br />Division of Minerals And Geology <br />1313 Sherman St., Room 215 <br />Deriver, CO 80203 <br />Mr. Gorham <br />JUL 10 2002 <br />Division of Minerals & Geology <br />I am writing you this letter today torntnrm you of the activities that are taklhg place at Lorencito Coal <br />Company, LLC in Weston, Colorado. <br />On June 21, 2002 Lorencito Coal Company laid off -30 employees. Lorencito currently has 9 <br />employees remaining on the payroll and continuing to perform mining activities. <br />Lorencito took this action due to poor market conditions. The Tennessee Valley Authority suspended <br />our crontract due to sizing. Currently LorenGtO is diligently seeking out other coal sales. and <br />opportunities that would put all Of our employees back to work. <br />Lorencito plans on restarting operations as soon es ft acquires coal sales that will adequately support <br />its mining activities. We are unsure as to when exactly this may occur, but are hopeful that It will he <br />before the end of the year. <br />At this time Lorencito Is planning on working on its reGamatlon until the end of July. <br />Kent if you need any.other information about the actvities et Lorencito please let me know. I apologize <br />for taking so long to gat back to you on this. <br />Sincerely, <br />~~. <br />En"k Addingto <br />Manager <br />