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iii iiiiiiiiiiiu iii 999 ., ~'~ ~; United States Department of the Interior w $ BUREAU OF LAND MANAGEMENT ti~ ' ~.a Colorado State Otfice " ~ 2650 Youngfield Street IN RELY REFER TO: LaICEWOOd, Colorado 80215-7076 APR 3 0 2001 CO-933(ICP) 345] C-30656 Coal Certified Mail RECEIVED Decision iiAY 0 2 2001 RAG Empire Corporation P.O. Box 68 Division of Minerals 8 Geology Craig, Colorado 81626 ' Lease Terms and Conditions Readjusted Coal lease COC 30656 was issued effective July 1, 1981, and becomes subject to readjustment of its terms and condifions on July ], 2001. Notice of intent to readjust coal lease COC 30656 was sent to the lessee, Cyprus Empire Corporation on July 6, 1999. The name change from Cyprus Empire Corporation to RAG Empire Corporation was filed with the Bureau of Land Management (BLM) on September 8, 1999. The readjustment of lease terms and conditions has been reviewed for conformance with the BLM's public land health standazds adopted February 12, 1997. The readjustment will not adversely affect achievement of the public land health standazds. As provided in the Mineral Leasing Act of 1920, as amended (41 Stat. 437, 30 U.S.C. ] 81 et sea.), and the regulations at 43 CFR 3451, we aze hereby readjusting the terms and conditions of the lease. A copy of the lease is enclosed. The readjusted terms and conditions shall become effective July 1, 2001. The annual rental remains at $3 per acre or fraction thereof as provided in the cwrent lease. The royalty rate established by law and by regulation remains at 8 percent for coal removed from an underground mine. The value of the coal shall be determined in accordance with the regulations at 30 CFR 206, as amended. The adequacy of the lease bond is reviewed periodically and adjusted when necessary to reflect changed conditions. The lease bond currently is $140,000 and may be reduced to $5,000 either by filing a rider to the existing bond or by (ding a replacement bond. Payments of rentals and royalties must be submitted to the Minerals Management Service in accordance with that agency's regulations in Title 30, Code of Federal Regulations. In accordance with the regulations at 43 CFR 3451.2(b) and (e), this decision constitutes the final acfion of the Bureau of Land Management on all the provisions contained in the readjusted lease. The effective date of the readjusted lease shall not be affected by the filing of any appeal of, or subsequent civil suit regarding, any of the readjusted terms and conditions.