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3.0 Performance Bond Requirements <br />3.02 Performance Bond Requirements for Surface Coal Mining <br />and Reclamation Operations <br />This section defines the requirements for filing and maintenance of <br />performance bonds, addresses requirements for determination of bond <br />amounts, identifies acceptable bonds and conditions for acceptance of <br />bonds, and provides guidelines for bond release and procedures for <br />bond foreclosure. <br />Consistent with applicable regulatory requirements, Northfield will file <br />and maintain reclamation surety for the mining operation in the <br />amount shown and agreed to in an exhibit to be included prior to <br />permit approval. The surety is to be payable to the State of Colorado <br />and covers all mining related disturbance within the proposed <br />Northfield Mine permit area. This exhibit will also contain relevant <br />informations on any surety bonds pertaining to other surface <br />disturbances liabilities such as exploration drilling. <br />3.02.2 Determination of Bond Amount <br />The Division's independent reclamation bond estimate to perform <br />reclamation of all proposed disturbance during the term of the permit <br />• is the basis for the bond liability amount shown on the Cost Estimate <br />Form in an exhibit to be included prior to permit approval. Differences <br />in bond amounts as determined by Northfield and the Division will be <br />resolved by agreement and will be reflected on the reclamation cost <br />estimate. Northfield will maintain its current bond cost calculations <br />and relevant supporting documentation on file at the mine office. <br /> <br />3.0-1 <br />