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TATE OF COLORADO <br />DIVISION OF MINERALS AND GEOLOC?V <br />Department of Natural Resources <br />1313 Sherman St., Room 215 <br />Denver, Colorado 80203 <br />Phone: (303) 866-3567 <br />FAX: (30:3) 832-8106 <br />RECEIVED <br />DEC 19 2002 <br />Division of Minerals and Geology <br />dk? <br />D IV IS I ON O 1 <br />MINERAL; <br />GEOLOGI <br />RECLAMATIOr` <br />MINING-SAFETY <br />FINANCIAL WARRANTY Bill Owens <br />Governor <br />CHECK FOR DEPOSIT IN STATE TREASURY Greg E. Watcher <br />Executive Director <br />Michael B. Long <br />/ Division Director <br />Operator #1tlw,),s Z4) t 7 ,el e? sv L • ?° X 00 •00 <br />Operation <br />Permit No. /t?- 99_07Y Check No. aO &F i ,4- 9QQ(2_ <br />KNOW ALL MEN BY THESE PRESENTS, THAT: <br />WHEREAS, the Colorado Mined Land Reclamation Act, C.R.S. 1973,34-32-101 et 1M. (the "Act"), <br />as amended, provides that no permit may be issued under the Act until the Mined Land Reclamation Board (the <br />"Board") receives a fmancial warranty (or warranties) as described in the Act. <br />WHEREAS, / 1,0 y POir (the "Operator), <br />a o A A 6 _ corporation, has applied for a permit to conduct a mining operation known <br />as ts?SEis' (the "Operation"), on certain lands in S A County, <br />Colorado: These are des e- bed in the permit application, as amended and supplemented, and are referred to <br />herein as the "Affected Lands". <br />WHEREAS, in the application for the permit the Operator has agreed to be bound by all requirements <br />of the Act and all applicable rules and regulations of the Board, as amended from time to time. <br />WHEREAS, in the application for the permit, the Operator has agreed with the Board to provide for <br />reclamation of the Affected Lands, that are now or may become subject to the permit, as required by law. <br />WHEREAS, the Board has determined in accordance with the Act that the estimated costs of <br />reclamation of the Affected Lands are those amounts for the stated periods of time as set forth herein. Said <br />amount may be amended from time to time to reflect revised estimates of said costs of reclamation. <br />WHEREAS, the Board has determined that the financial warranty by the Operator equals the estimated <br />costs of reclamation, as approved by the Board, with regard to the Affected Lands. <br />WHEREAS, the Operator, in accordance with the Act has promised and hereby promises the Board that <br />it will be responsible for all of the estimated costs of reclamation with regard to the Affected Lands.