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STATE OF COLORADO <br />DIVISION OF MINERALS AND GEOLOGY <br />Department of Natural Resources <br />1313 Sherman 5[., Room 215 <br />Denver, Colorado 80203 <br />Phone: (303) 866-3567 <br />FAX: (303) 832-8106 <br />Apri19, 2003 <br />DI VISION OF <br />MINERALS <br />GEOLOGY <br />RECLAMATION <br />MINING•SA FETY <br />Bill Owens <br />Mr. Hazold F. Elam Govemw <br />Elam CDnstrnDtlDn, II1C. Greg E. Walther <br />1225 S. 7th St. Executive Director <br />Grand Junction, CO 81501 Ronald w. cattany <br />Division Director <br />Re: File No. M-2002-119, Fetcher/Vale Pit,112c Decision Letter -Financial and Performance Warranty <br />Request -Construction Material Operation <br />Deaz Mr. Elam: <br />On April 3, 2003, the Division of Minerals and Geology approved your 112c mining permit application for the <br />Fetcher/Va[e Pit, Permit No. M-2002-119. <br />The amount of financial warranty set by the Division for this operation is $171,100.00. You must submit a <br />financial warranty in this amount and a performance warranty in order for us to issue a permit. In the event you. <br />have requested a financial warranty form, we have enclosed it in this letter. If you have not, please select a type of <br />fmancial warranty from Rule 4.3. Then contact us so that we can provide you with the appropriate warranty form. <br />We have enclosed a performance warranty form with this letter for your use. <br />Once the $]71,100.00 bond has been submitted and approved, the two existing 110 Permits (Fetcher Ranch Pit <br />#M-1983-134 and Vale Pit #M-1988-009) can be released. <br />PLEASE NOTE THAT MINING OPERATIONS MAY NOT COMMENCE UNTIL A PERMIT HAS <br />BEEN ISSUED BY THE DIVISION AFTRR RECEIPT OF YOUR FINANCIAL WARRANTY AND <br />PERFORMANCE WARRANTY. A PERMIT WILL NOT BE ISSUED UNTIL WE VERIFY THE <br />ADEQUACY OF BOTH YOUR FINANCIAL WARRANTY AND PERFORMANCE WARRANTY. <br />If you have any questions, please contact me. <br />Since y, <br />E caS~Cros~~"" <br />Y <br />Environmental Protection Special' t <br />Enclosure <br />cc: Greg Lewicki, Lewiclti and Associates <br />File M-1983-134 <br />File M-1988-009 <br />M:bss\Tdd\TEMP\M-AP-18 M2002119 ESC 20030404 102026 AM.doc <br />