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© CLIMAX MOLYBDENUM COMPANY <br />A auLSitliary of Phelps Opdpe Mining Company <br />February 27, 2003 <br />Certified Mail No.: 7002 2410 0003 2429 1010 <br />Colorado Division of Minerals and Geology <br />1313 Sherman Street; Rm. 215 <br />Denver, Colorado 80203 <br />RECEIVED <br />FEB 2 6 2003 <br />Climax Mine <br />Hwy. 91 <br />Climax, Colorado 60429 <br />(7191466-2150 <br />Fax [719)466-2251 <br />Division of Minerals and Geology <br />RE: Climax Mine Permit No. M-77-493: 112d-3 Annual Report <br />To Whom It May Concern: <br />Enclosed is the 2002, 112d-3 Annual Reclamation Report for the Climax Molybdenum <br />Company, Climax Mine with the required annual fee of $1000.00. The attached map and <br />information provides details the reclamation and monitoring activities at the Climax Mine in <br />2002. The Climax Mine remained on standby status during the year. <br />The current financial warranty for Climax is $52,365,000. The Climax Molybdenum Company <br />continues to work with the Division of Minerals and Geology in completing the analysis for an <br />accurate warranty for the property. <br />If you have any questions or require additional clarifications, please contact me at (719) 486- <br />2150, ext. 723. <br />Sin ely, <br />~~ <br />Bryce Romigr/~ <br />Environmental Manager <br />Encl. <br />cc: F. Menzer -Climax Molybdenum Company (w/o enclosures) <br />J. Cupp -Climax Molybdenum Company (w/o enclosures) ~ <br />K. Knoll -Henderson Mine and Mill <br />