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STATE OF COLORADO <br />DIVISION OF RECLAMATION, MINING AND SAFEty <br />DeParbnerK of Natural Resources <br />1313 Sherman St., Room 215 <br />Denver, Colorado Bo203 <br />Phone: (30318663567 <br />FAX: (303) 832706 <br />Febntary 1, 2007 <br />Climax Molybdenum Company <br />P.O. Box 68 <br />Empire, CO 80438 <br />MINED LAND RECLAMATION BOARD <br />11Zd-3 ANNUAL FEE INVOICE AND REPORT REQUEST <br />PLEASE READ CAREFULLY <br />COLORADO <br />DIVISION O F <br />MINING <br />- &- <br />SAF ETY <br />sal or.~ <br />Governor <br />Rtssell Geor®e <br />Executive Direcmr <br />Ronald W. caramy <br />Division Director <br />Natural Resourcx Trustee <br />Under the farina of your Reclamation Permit and Colorado Statutes, you must submit Almual Fees and Annual <br />Reports. You must pay the Annual Fee and submit an Annual Report each year until reclamation responsibility <br />release is granted. The Annual Fee is not a renewal fee. The fee and the report are for LAST YEARS mining <br />and reclamation season, and MUST be received even if your operation was in an inactive state. The fee and <br />report are due ON OR BEFORE your permit anniversary date shown below. The Annual Report and Fee <br />regah^ement is not met aatii we have received the following components: tee. tenor!, and associated <br />man. If no new disturbances or reclamation have occurred dnrina the arevloas year and no new chanees <br />to the previous year's moo are necessary, then no new moo is required, provided that the Operator shah <br />state this in the Annual Report. <br />If you have requested reclalnatlon responsibility release from the Division of Reclamation, Mining and Safety <br />(the "Division's but your permit is not released by your anniversary date listed below, the annual fee MUST be <br />paid. If the permit is released before the anniversary date, then by Statute, you do not pay an annual fee or <br />submit an annual report for that year. <br />PLEASE NOTE: TF THE ANNUAL FEE, ANNUAL REPORT, AND A MAP ARE NOT RECEIVED <br />OR BEPlSRE YOUR ANNIVERSARY DATE, A FORMAL NOTICE OF VIOLATION AND A BOARD <br />ORDER TO PAY CIVIL, PENALTIES IN THE AMOUNT EQUAL TO THE ANNUAL FEE $$1,000.00 <br />WII.L BE AUTOMATICALLY ASSESSED. NO PERMTI'S FOR NEW MIIVAIG OPERATIONS SHALL BE <br />GRANTED TO ANY OPERATOR WHO IS CURRENTLY FOUND TO BE IN VIOLATION IN THIS <br />STATE (C.RS. 34-32.5-120 OR C.RS. 34-32-120) UNTII, THE VIOLATION IS ABATED. <br />Division records indicate $$1,000.00 fee is due <br />Permit No.: M-1977-493 <br />Operation Name: Climax Mine <br />Anniversary Date: March 4, 2007 <br />Total Fee Due: $$1,000.00 (Due on or before your Amniversary Date) <br />If your records indicate different facts than those stated above please notify the Division. <br />Please return the enclosed armual report FORM, a AP, and a Cfl CK or MONEY ORDER made payable to <br />the Division of Reclamation, Mining and Safety, 1313 Sherman St., Room 215, Denver, Colorado 80203. <br />Thank you for your cooperation in this matter. If you have any questions, please feel free to contact Michelle <br />Ramirez at (303) 866-4060. <br />C~ce of Office of <br />Mined ~"W'~~~ Active and Mactive Mines <br />