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I III I IIIIIIII IIII III Doc Date:12/11/2001 <br />S ~ `' <br />G~~ 3 ~~~ <br />• -3: PERFORMANCE BOND REQUIREMENTS// <br />3.01 INTRODUCTION <br />A performance bond has been calculated by LCC in accordance with Rule 3.02 below. The bond is based <br />on anticipated worst case disturbance projected for the first five-year permit term. <br />3.02 PERFORMANCE BOND REQUIREMENTS FOR SURFACE COAL <br />MINING AND RECLAMATION OPERATIONS <br />3.02.1 General Requirements <br />Following review and approval ofthe bond calculation, LCC will post the required surety on the necessary <br />form. The sections below provide the detailed assumptions and calculations. <br />The entve amount ofthe wotst case will be bonded before operations commence. The planned operations <br />and reclamation plans are detailed in Section 2.05.4 (Reclamation Plan) ofthis Pemut Application. Should <br />conditions change requiring modifications [o the plan the Division will be notified and bond amounts will be <br />adjusted accordingly. <br />3.02.2 Determination of Bond Amount <br />• The cost estimate for the mine reclamation is based on the commitments for reclamation treatments <br />specified in Section 2.05.4 (Reclamation Plan) of this Permit Application. All labor and equipment costs <br />were calculated using the RS Means Heavy Construction Cost Data (15th Annual Edition, 2001). <br />EazthworkproductionrateswerecalculatedusingtheCaterpillazPerformanceHandbook(Edition28). We <br />have assumed that LCC equipment and personnel required for the mine reclamation would not be available <br />for site specific reclamation. <br />Table 3.02.2-11 has been revised toreflect aworst-case reclamation scenario during the first pemvt term. <br />The total bond amount is estimated at approximately $2.4 million for the first permit term. As detailed in <br />the table, this estimate is summarized below: <br />~ ~~ -v ~ <br />3-1 (revised 08/30!01) <br />