2008-04-23_REVISION - C1992080

• Permit No: C1992080
• IBM Index Class Name: REVISION
• Doc Date: 4/23/2008
• Doc Name: E-mail Correspondence Regarding Public Comment Period
• From: DRMS
• To: S Pautsky
• Type & Sequence: SL3
• Email Name: TAK
• Media Type: D
• Archive: No

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Kaldenbach, Tom -- /
From: Kaldenbach, Tom ec~v~~ S va N fs ~ y
Sent: Wednesday, April 23, 2008 9:21 AM
To: [e-mail]
Subject: RE: Carbon Junction Mine Phase I bond release
Attachments: release amount.pdf
Sandra,
The bond release (No. SL-3) will become final on May 23, 2008 when the public comment period expires, and
assuming no objections are received. Upon becoming final, the required warranty will be $403,201, calculated as
follows.
Pre-existing bond liability, as previously determined in Technical Revision 13
Add $22,674 for an error in task hours found in the reclamation cost estimate during
review of bond application SL-3
Total corrected bond liability before approval of SL-03
Minus SL-03 release amount (60% of applicable
amount of $501,032 from attached spreadsheet)
Post SL-3 liability
$695,436
22 674
$718,110
314 909
$403,201
The amount of required warranty will change again in a few weeks when I update the reclamation cost estimate
for permit renewal RN-3 which is in review. I do not know how much it will change, but I would guess it could go
up or down by approximately $50,000.
The error in task hours noted above was found in a spreadsheet during the review of the bond release
application. I notified Mike Savage of the error in an email dated April 4, 2008. As a result of that error, you had
previously been required to have on deposit $22,674 less bond than you should have. I can email you the
spreadsheet showing the error, if you would like. You may request an informal conference with DRMS regarding
the $22,674 correction.
The letter JPMorganChase received from DRMS must have been regarding the previous bond release reduction
which occurred in the last two years, as the current bond release (SL-03) approval has not yet become final. It
becomes final on May 23, 2008, as explained above.
You will receive the Findings document for bond release SL-3 in the mail in the next few days.
If you have further questions, feel free to call me at [phone] or email me.
Tom
From: [e-mail] [mailto:[e-mail]]
Sent: Tue 4/22/2008 2:40 PM
4/24/2008