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<r <br />~~ <br />~~ <br />III IIIIIIIIIIIII III <br />STATE OF COLORADO <br />DIVISION OF MINERALS AND GEOLOGY <br />Department of natural Resources <br />1713 Sherman 51., Room 215 <br />Denver, Colorado 80203 <br />Phone 1303) 866-3567 <br />FAX: 17031 87?-8106 <br />August 15, 1997 <br />1\4ichelle Rehmann <br />International Uranium (USA) Corp. <br />Independence Plaza Suite 950 <br />1050 Seventeenth St. <br />Denver CO 80265 <br />DENVER OFFICE <br />PUBLIC FILE COPY <br />FILE: 141-~-039 <br />SITE: st, ~II.H.Ci ,~,,,I,,` <br />~~ <br />I~~~ <br />DEPARTMENT OF <br />NATURAL <br />RESOURCES <br />Roy Romer <br />Goeemor <br />lames 5. Lochhead <br />Execmrve Dueaur <br />Michael B. Long <br />Division Director <br />Re: Financial Warranty Recalculations for Recently Transferred Permits, Nos. M-77-285, M- <br />77-416, M-78-039, M-80-055, and M-81-021 (respectively: Sunday, Carnation, St. Jude, <br />Topaz, and West Sunday Mines). <br />Dear Ms. Relunann, <br />The Division has recently completed its recalculation of required financial warranty amounts for <br />the above-named mines, as a follow up to the permit transfers. The estimated reclamation costs <br />were based on the existing approved mining and reclamation plans (including amendments and <br />revisions, where applicable), and observations made onsite during the recent inspections. In the <br />paragraph below I have summarized the existing and recalculated amounts. Attached are the <br />detailed breakdowns for each mine. <br />Mine Existing bond Recalculated amount <br />M-77-285 Sunday Mine $80,000 $74,932 <br />M-77-416 Carnation Mine $10,000 $16,236 <br />M-78-039 St. Jude Mine $17,800 $19,402 <br />M-80-055 Topaz Mine $7,500 $22,689 <br />M-81-021 West Sunday Mine $28,000 $33,399 <br />These figures, being preliminary, are being sent to you for review (with copies also sent to Roger <br />Smith). I expect there will be minor modifications to these, but please be reminded that these <br />figures must cover all present tasks necessary to completely reclaim the site according to the <br />presently approved plan, plus any reasonable and foreseeable site development work. As I <br />mentioned in the inspection reports for these sites (dated 7/10/97) IUC's submittal of updated <br />maps for these sites, to be submitted by end of October, may also reflect differing acreages to be <br />treated or structures to be removed. <br />At present, there is no phased reclamation plan for any of these sites, so additional disturbance of <br />the sites, while being within the acreage limit of affected areas on the permit, may require <br />