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c <br /> This document contains the findings and decision pertaining to a Request for Transfer of Coal <br /> Permit and Succession of Operators succession. The Succession application was received by the <br /> Division of Minerals and Geology (the Division) on April 15, 1996. The Succession application <br /> proposes a transfer of DMG Permit No. C-81-022 from the current permittee and operator, Pacific <br /> Basin Resources, a Division of Oxbow Carbon & Minerals Inc., to Oxbow Carbon & Minerals, <br /> Inc. The application was submitted and reviewed pursuant to the procedures of Rule 2.08.6 of <br /> the Regulations of the Colorado Mined Land Reclamation Board for Coal Mining. The Division <br /> hereby approves the Succession request. <br /> Process <br /> On April 15, 1996 the above-referenced Succession application was received by the Division. <br /> This initial application was a properly executed Request for Transfer of Coal Permit and <br /> Succession of Operators Form, as required by Rule 2.08.6(2)(b). The application was deemed <br /> complete for purposes of filing on June 3, 1996. As required by Rule 2.08.6(3), the Division <br /> received an Affidavit of Publication indicating that the public notice had been published in the <br /> Delta County Independent on April 17, 1996. <br /> The Division sent an initial adequacy letter to Pacific Basin Resources on June 3, 1996 regarding <br /> identification of interests. On July 15, 1996, another adequacy letter was sent regarding the seven <br /> reclamation bond forms submitted for the Sanborn Creek Mine. The Operator responded to these <br /> issues on September 19, 1996. During the review period, the Division accepted a r <br /> oal Reclamation Bond in the form of Letter of Credit #SM-03 5 1 1-096 from the Nations Bank, <br /> N.A. (South), with Norwest Bank, Denver, Colorado as reciprocal bank in ount of <br /> $575,000.00. This bond replaced PNC Bank Letter of . On February 3, 1997 the <br /> Operator increased Letter of Credit 4SM-03511-096 to the amount of$1,099,743.75 in order to <br /> have only one lett covering all bonding requirements. The increase in Letter of Credit <br /> #SM-03511-096 replaces the following bonds; <br /> Letter of Credit #A0279 for $37,000.00 <br /> Certificate of Deposit #5970002 for $96,000.00 <br /> Certificate of Deposit 4601629001 for $6,000.00 <br /> Treasury Note CUSIP 9128271,42 for $351,962.50 <br /> Treasury Note CUSIP 9128271,42 for $10,463.75 <br /> Treasury Note CUSIP 91282 ,317.50 <br /> Treasury Note CUSIP 9128271,42 for $10,000.00 <br /> On February 19, 1997.the properly executed bond document SM-03511-096 was approved by the <br /> Division. The decision to approve the Succession application was issued on February 20, 1997. <br />