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<br /> <br /> <br />DIVISION OF MINERALS AND GEOLOGY <br />Department of Natural Resources <br />STATE OF <br />1313 Sherman St., Room 215 <br />Denver, Colorado 80203 <br />Phone: (303) 866-3567 <br />FAX: (303) 832-8106 <br />?Cr- <br />JUL 19 2001 <br />FINANCIAL WARRANTY <br />COLORADO <br />Clivision of minerals and Geology CORPORATE TRFTV <br />Operator: _ PTTKT T TROT ('ORPnRnTION <br />Operation: MTTI-r'r1TTrTT.T"-- <br />Pemut No.: M82121 Bond No.: 19 S 103569783 ur <br />Warrantor: TRAVELERS CASUALTY AND SURETY COMPANY OF AMERICA <br />Street: <br />City: HARTFORD <br />State: CONNECITCUT Zip Code: 06183-9062 <br />Area Code: 303, Telephone: 740-1661 <br />KNOW ALL MEN BY THESE PRESENTS, THAT: <br />UI \•1 SI GN QF <br />MINERALS <br />GEOLOGY <br />aECIA MATIpN <br />MIN ING•SAFETY <br />Bill Ow-ns <br />Governor <br />Greg E. Watcher <br />Executive Director <br />Michael 8. Long <br />Director <br />!a"10F? <br />WHEREAS, the Colorado Mined Land Reclamation Act, C.RS. 1973, 34-32-101 ft =Q. (the "Act"), as <br />amended, provides that no permit may be issued under the Act until the Mined Land Reclamation Board (the <br />"Board") receives a Financial Warranty (or Warranties) as described in the Act. <br />WHEREAS, PITKIN IRON CORPORATION <br />COLORADO (the "Operator"), a <br />corporation, has applied for a permit to conduct a mining operation known as <br />MID- ONT7NFT\TmnrT QUARY <br />.T LIMEST?PdE (the "Operation"), on certain lands in - GARFIELD <br />County, <br />Colorado. These lands are described in the permit application, as amended and supplemented, and are referred <br />to herein as the Affected Lands". <br />WHEREAS, m the application for the permit, the Operator has agreed to be bound by all requirements of <br />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.