2008-03-13_PERMIT FILE - C1992081A ‎(3)‎

• Permit No: C1992081A
• IBM Index Class Name: Permit File
• Doc Date: 3/13/2008
• Section_Exhibit Name: Tab 23 Bonding
• Media Type: D
• Archive: Yes

Bonding Summary
The reclamation liability calculation information presented above shows that the
calculated Hayden Gulch Loadout reclamation liability (including MR-16
liabilities) is $1,083,800. The reclamation liability does not include salvage
value for any of the structures even though the structural steel has significant
salvage value. In addition, the railroad rail and wooden ties also have a
salvage value.
In May 1993, as part of the original permit approval process, HGTI posted a
Corporate Surety in the amount of $696,724 to cover the original reclamation
liability estimate for the Loadout. A surety rider, in April 1996, amended the
corporate surety to $862,120. A second corporate surety (in the amount of
$113,641), issued to cover additional liability identified by CDRMS in RN-02
(February 2003) was submitted to CDRMS in May 2003. Following the RN-02
adjustment, the reclamation bond for the Hayden Gulch Loadout held by CDRMS was
$975,761.
The CDRMS revised the reclamation liability estimate, presented above, as part
of TR-06 in May 2005. A second surety rider, in the amount of $103, 400 was
added in May 2005 to cover this additional reclamation liability. With the
addition of this second surety rider, the bond amount held by CDRMS increased to
$1,079,161, which is the amount of the revised reclamation estimate calculated
by CDRMS during the TR-06 review process.
In April 2007, HGTI submitted a third surety rider, which increased to amount of
reclamation bond held by CDRMS to 1,084,161, which covers the reclamation
liability increases that occurred as a result of MR-15 and MR-16.
The coal loadout operations plan reclamation liability estimate (Attachment
23-2) indicates that the total reclamation liability for the coal loadout
operational plan is $964,090. As noted above, CDMRS currently holds
reclamation bonds in the amount of $1,084,161. Consequently, the Hayden
Gulch Loadout, in its existing and on-the-ground condition, is over bonded
for the coal loadout operational plan.
MR-16 10 Revised 11/07