Laserfiche WebLink
<br />STATE OF COLORADO <br />MINED LAND RECLAMATION DIVISION <br />Department of Natural Resources <br />1313 Sherman St., Room 215 <br />Denver, CO 80203 <br />303 866-3567 <br />FAX: 303 832-8106 <br />Roy Romer, <br />Governor <br />Fred R. Banta, <br />Division Director <br />FINANCIAL WARRANTY <br />CERTIFICATION SIT <br />a <br />Operator LEADVILLE MINING & MILLING CORPORATION <br />Operation HOPEMORE SHAFT MINE & LEADVILLE CUSTOM MILL <br />Permit No. M_Qn_n5l <br />Bank COMMERCIAL BANK OF LEADVILLE <br />KNOW ALL MEN BY THESE PRESENTS, THAT: <br />WHEREAS, the Colorado Mined'Land Reclamation Act, C.R.S. 1973, 34-32-101, <br />et seq. (the "Act"), as amended, provides that no permit may be issued under <br />TFect until the Mined Land Reclamation Board (the "Board") receives a <br />Financial Warranty (or Warranties) as described in the Act. <br />WHEREAS, LEADVILLE MINING & MILLING CORPORATION (the "Operator), <br />Nevada _ corporation, has applied <br />y \ <br />s /876 <br />for a permit <br />to conduct a mining operation known as HOPEMORE SHAFT MINE & LEADVILLE CUJJgI MILL <br />"Operation"), on certain lands in Lake County, Colorado. These <br />lands are described in the permit application, as amended and supplemented, <br />and are referred to herein as the "Affected Lands". <br />WHEREAS, in the application for the permit, the Operator has agreed to <br />be bound by all requirements of the Act and all applicable rules and <br />regulations of the Board, as amended from time to time. <br />WHEREAS, in the application for the permit, the Operator has agreed with <br />the Board to provide for reclamation of the Affected Lands that are now, or <br />may become, subject to the permit, as required by law. <br />WHEREAS, the Board has determined, in accordance with the Act, that the <br />estimated costs of reclamation of the Affected Lands are those amounts for the <br />stated periods of time as set forth herein. Said amount may be amended from <br />time to time to reflect revised estimates of said costs of reclamation. <br />WHEREAS, the Operator, in accordance with the Act, has promised and <br />hereby promises the Board that it will be responsible for all the estimated <br />costs of reclamation with regard to the Affected Lands. <br />WHEREAS, the Board has determined that the Financial Warranty by the <br />Operator equals the estimated costs of reclamation, as approved by the Board, <br />with regard to the Affected Lands.