2008-10-19_REVISION - M1980244

• Permit No: M1980244
• IBM Index Class Name: REVISION
• Doc Date: 10/19/2008
• Doc Name: Proposed Financial Warranty
• From: DRMS
• To: CC&V
• Type & Sequence: AM9
• Email Name: BMK
• Media Type: D
• Archive: No

STATE OF COLORADO
DIVISION OF RECLAMATION, MINING AND SAFETY
Department of Natural Resources
1313 Sherman St., Room 215
L
O
Denver, Colorado 80203 F
SS I ON O
D O
Phone: [phone] RECLAMATION
FAX: [phone] MINING

SAFETY
October 19, 2008
Bill Ritter, Jr.
Governor
Mr. Gary Goodrich Harris D. Sherman
y Executive Director
Manager Environmental Resources Ronald W. Cattany
Cripple Creek & Victor Gold Mining Co. Division Director
P.O.Box 191 Natural Resource Trustee
Victor, Colorado 80860
Re: Permit No. M-1980-244, Cresson Project Amendment # 9. proposed Financial warranty.
Dear Mr. Goodrich:
On October 17, 2008, the Division of Reclamation Mining and Safety sent the Rationale to Recommend
Approval over objections, to the Mined Land Reclamation Board, to all the parties of Amendment # 9
application, File No. M-1980-244. The total financial warranty if the Amendment # 9 application is
approved by the Board, at the November 13/14 2008, hearing dates, in Cripple Creek Colorado, will be
$97,502,035.00.
At present, the Division is holding a financial warranty in the amount of $44,953,871.00, which covers the
anticipated disturbances approved under Amendment # 8. CC&V has requested to post the additional
warranty in the amount of $52,548,164.00, in two phases, with the entire warranty to be posted once the
Phase V valley heap leach is constructed and certified by a P.E. and prior to loading ore.
If you have questions, please contact me at [phone] ext 8129.
Sincerely,
"Jo, bTA-&J
Berhan Keffelew
Environmental Protection Specialist
CC: List Of Objectors. Certificate of Service
Dan Hernandez
Tony Waldron
Jeff Fugate
Roxanne Baca
Office of Office of
Mined Land Reclamation Denver • Grand Junction • Durango Active and Inactive Mines