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RECLAMATION COSTS <br />(February, 1983) <br /> <br />Many affected areas are being revegetated, but are not <br />considered totally reclaimed. Costs and concomitant surety <br />for such areas are limited. Because of the continuously <br />changing acreage of affected land, the Board stipulated that <br />surety be updated every two years in conjunction with sub- <br />mittal of the annual report and map. The existing bond, <br />covering the 1981-1982 period, is for $3.452 million (per <br />1981 Amendment submitted in February, 1981). The new bond <br />amount for the project covering the 1983-1984 period, is <br />$3.304 million. <br />The reduction from $3.452 million calculated in early <br />1981 for anticipated disturbance through the end of 1982 to <br />our present calculation of $3.304 million for anticipated <br />disturbance through the end of 1984 is mainly a result of <br />previously over estimating the extent of various <br />disturbances. Significant construction was underway two <br />years ago. Not really knowing the full areal extent of the <br />disturbance required for that construction, liberal estimates <br />of the potential disturbances were provided. Much of the <br />construction has been completed and the actual disturbance <br />was not as large as anticipated. Consequently, we are able <br />to reduce the acreages of disturbance anticipated through <br />1984 in such areas as the Mine Site, the Surface Railroad, <br />the Mill Yard, the East Branch Reservoir Shores, the Tailing <br />Area, etc. In addition, some previously revegetated areas <br />have progressed such that the present cost to complete <br />reclamation is less than it was two years ago. You will also <br />notice we have refined and adjusted our Site Type Cost <br />Calculations to present day economic conditions. <br /> <br />