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STATE OF COLORADO <br />DIVISION OF RECLAMATION, MINING ~~ SAFETY <br />Department of Natural Resources <br />1313 Sherman St., Room 215 <br />Denver, Colorado 80203 <br />Phone: (303) 866-3567 <br />FAX: (303) 832-8106 <br />*aa <br />April 15, 2008 <br />Mr. Roy Karo <br />Reclamation Manager <br />Seneca Coal Company <br />P. O. Box 670 <br />Hayden, CO 81639 <br />Re: Yoast Mine (Permit No. C-94-082) <br />Midterm Review Cost Estimate <br />Dear Mr. Karo: <br />We have completed a reclamation cost estimate for the Yoast Mine, in association with the <br />current midterm review. Please see the explanatory memorandum from Jim Stark, along with the <br />1 page summary sheet, and remainder of the detailed estimate. <br />Note that the updated estimate ($5,472,521.00) results in a liability increase of $376,832.00 over <br />the current amount, and exceeds the current bond amount held by $272,521.00 <br />Normally, we would request submittal of additional bond to bring the bond amount held to equal <br />the amount of the updated liability. However, because the liability amount and bond amount <br />required will be affected (likely reduced) by the SL-2 bond release application that is currently <br />under review, we are not requesting submittal of additional bond at this time. We will perform a <br />revised cost estimate in association with the SL-2 application (when we are closer to issuance of <br />a proposed decision), and any adjustment in the required bond amount will be addressed in the <br />SL-2 proposed decision. <br />Please let me know if you have any questions. <br />Sincerely, <br />Daniel T. Mathews <br />Environmental Protection Specialist <br />COLORADO <br />D [VISION O F <br />RECLAMATION <br />MINING <br />- &- <br />SAFETY <br />BiII Owens <br />Governor <br />Russell George <br />Executive Director <br />Ronald W. Cattany <br />Division Director <br />Natural Resource Trustee <br />4 <br />enclosures _ ~„~ <br />