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r • 111111111111111N <br /> 999 <br /> DIVISION OF MINERALS AND GEOLOGY STATE OF COLOIZADn <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 /> June-9, 1997 1/ DEPARTMENT OF <br /> NATURAL <br /> Mr. Bryce Romig ,/ RESOURCES <br /> Climax Molybdenum Company �/' �C Roy Romer <br /> Governor <br /> Climax Mine <br /> James S.Lochhead <br /> Climax, CO 80249 Executive Director <br /> Michael B.Long <br /> -v t/� Division Director <br /> RE: Climax Mine, Amendment Approval, Permit No. M-77-493, Revision No. AM-003 <br /> Dear Mr. Romig: <br /> On June 9, 1997 the Division of Minerals and Geology approved the amendment application submitted <br /> to the Division on February 20, 1997, addressing the addition of 1267 acres to the area of affected <br /> lands within the permit area at the Climax Mine. The terms of the amendment no. AM-003 approved <br /> by the Division are hereby incorporated into Permit No. M-77-493. The conditions of the Division <br /> approval are noted below. Please note that all other provisions of Permit No. M-77-493 remain in full <br /> force and effect. <br /> Stipulation No. O1 <br /> WITH THIS APPROVAL OF AMENDMENT AM-003, CLIMAX MOLYBDENUM COMPANY <br /> MAY COMMENCE WITH THE DEVELOPMENT OF THE 3-DAM CAPPING PROJECT <br /> BORROW PITS WITH THE CONDITION THAT $4,114,972.00 ADDITIONAL FINANCIAL <br /> WARRANTY BE PROVIDED BY JUNE 25, 1997. IF THE ADDITIONAL BOND IS NOT IN <br /> PLACE BY THE DUE DATE, WORK ON THE BORROW PITS MUST CEASE UNTIL <br /> ADEQUATE BOND IS POSTED. <br /> The estimated liability amount of$4,114,972.00 for the acreage amended to the Climax Mine area of <br /> affected land, when added to the existing liability amount of$18,607,000.00, exceeds the performance <br /> bond held. If you have not already done so, please submit additional bond in the amount of <br /> $4,114,972.00. The revision will not be final until the bond is approved by the Division (see <br /> Stipulation No. 01 above). <br /> If you have any questions, please contact me. <br /> Sincerely,, ,, J <br /> 1Ak C. SoLon <br /> Reclamation Specialist <br /> C:\WP51\CLIMAXAM.APV <br />