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STATE OF COLORADO <br />DIVISION OF RECLAMATION, MINING AND SAFETY <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 />COLORADO <br />D I V IS I ON OF <br />RECLAMATION <br />MINING <br />SAFETY <br />Bill Ritter, Jr. <br />Governor <br />INTEROFFICE <br />MEMORANDUM <br />TO: Kent Gorham <br />FROM: Jim Stark <br />SUBJECT: Southfield 2007 Midterm Review Cost Estimate <br />DATE: 11 June 2007 <br />Harris D. Sherman <br />Executive Director <br />Ronald W. Cattany <br />Division Director <br />Natural Resource Trustee <br />Attached is the reclamation cost estimate for the Southfield Mine's 2007 Midterm <br />Review. The estimate is 22 tasks (a summary sheet and tasks 011-074) and represents a <br />new liability of $257,031.00. The Midterm estimate is $31,175.00 more than the <br />previous estimate of $223,856.00, calculated with the Partial Phase I Bond Release SL- <br />02. The 2007 Midterm Review reclamation was a cost update only. <br />The Permit System shows a required liability of $366,359.00. This is based on the <br />amount released in SL-02. Additionally, the Permit System shows the amount of bond <br />held by the Division is $380,431.00. The amount of bond held was set based on the <br />Phased Bond Releases and may not be decreased without going through the Bond <br />Release process. Currently, the Division holds enough bond monies to complete the <br />remaining reclamation at the Southfield Mine. <br />Please let me know if you have any questions or need any additional information. I will <br />be in the office the rest of the week then I will be in the field and on vacation the next <br />four weeks, returning on 16 July 2007. <br />cc: Sandy Brown w/out attachments <br />A)e'? o0/ow 7 <br />Office of Office of <br />Mined Land Reclamation Denver • Grand Junction • Durango Active and Inactive Mines