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Page 2 <br />Mr. Berhan Keffelew <br />April 5, 2002 <br />and other ancillary disturbances required !o support these activities. Initial development activities <br />for portions of the North Cresson Mine areas may also be initiated in 2002. <br />Reclamation anticipated during the upcoming year: Approximately 50 acres of miscellaneous sites <br />consisting of topsoil stockpiles, construction sites, rock removal areas, and overburden storage <br />areas are planned to be reclaimed this year. <br />Financial Warranty: <br />Per 2CCR 407-1, 407-4, and Rules 1.15(1)(a), St. Paul Fire and Marine Insurance Company Corporate <br />Surety Bond number (in the amount of $33,331,600) has been accepted by the Division, and <br />continues to demonstrate the sufficiency of the value of the Financial Warranty. <br />Per 2CCR 407-1, 407-4, and Rules 4.7(3j, the insurance company's most recently available balance <br />sheet is attached, demonstrating that the Surety Bond does not exceed ten percent (10%) of the bank's <br />capital surplus accounts. <br />Designated Mining Operation: <br />Per 2CCR 407-1, 407-4, and Rules 1.15(1)(c), monitoring information required as part of the approved <br />permit application and Environmental Protection Plan is routinely submitted to the Division. <br />Please do not hesitate to contact me at (719) 689-4056 if you have any questions. <br />Since <br />Phil ar s <br />Manager, Environmental Resources <br />Enclosures <br />xc: Teller County Planning Department <br />