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SECTION VI -BONDING SUMMARY <br />The Division holds an approved bond on behalf of the pennittee for the New Horizon 1 and 2 <br />Mines. The bond is a self-bond, in the amount of $2,500,000.00 approved and accepted by the <br />Division on November 13, 2002. Annually, the Division reviews updated information for self- <br />bonding submitted by the operator. The most recent review indicates that the self-bond remains <br />valid. Pursuant to Rule 3.02.2(4), the Division has reviewed the New Horizon Mine reclamation <br />liability, and has generated a list of adequacy questions to gather enough information to <br />determine whether the existing performance bond amount is adequate to ensure reclamation of <br />the site. <br />There have been eight bond release actions approved by the Division for the New Horizon Mine. <br />Most of Mine 1 has been fully released (through Phase III), with the exception being 98.4 acres <br />known as the Rice Tract. The Rice Tract has been released through Phase I. A summary of <br />releases to date follows: <br />SL Ol -Approved July 5, 1989 <br />New Horizon 1 - transferred a portion of the un-reclaimed pit (55.6 acres, Mine areas 4 and 5 <br />and Topsoil Stockpile #1) to Montrose County to be used as a landfill. <br />The release was for liability only; the performance bond amount was not reduced. <br />SL 02 -Approved October 6, 1993 <br />New Horizon 1 - An additional 14.02 acres was transferred to the Montrose County landfill. <br />Again the release was for liability only; the performance bond amount was not reduced. <br />SL 03 -Approved December 16, 1994 <br />Phase I on New Horizon 1, Section 25 (excluding 98.4 acres of the "Rice Tract"). <br />Phase II on Areas 1 and 2 of New Horizon 1 was denied. <br />SL 04 -Approved May 6, 1996 <br />Phase I (backfilling, grading, drainage reestablishment) on the Rice Tract of New Horizon 1. <br />Phase I on 51.8 acres of Area 1 of New Horizon 2. <br />SL OS -Approved January 8, 1998 <br />Phase I on 67.4 acres of Area 2 of New Horizon 2. <br />SL 06 -Approved July 23, 1999 <br />Phase I on 43.4 acres of Area 2 of New Horizon 2. <br />SL 07 -Approved December 21, 2001 <br />Phase II and III on New Horizon 1 Areas 1 and 2. <br />SL 08 -Approved October 25, 2002 <br />Phase I on Area 4 of New Horizon 2, 85.64 acres. <br />New Horizon Mine -1 l- November 23, 2005 <br />