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COORS ENERGY COMPANY <br />KEENESBURG MINE <br />CDRMS FILE C-1981-028 <br />PHASE III BOND RELEASE APPLICATION <br /> <br /> <br />Date of Request: March 13, 2009 <br />Permittee: Coors Energy Company <br />Permit Number: C-1981-028 <br />Permit Approval Date: November 3, 1981 <br />Mine Name: Keenesburg Mine <br />Bond Release Phase Requested: Phase III <br />Acreage: Current Permit Area: 610.86 acres <br />Maximum Area Disturbed: + 437.69 acres <br />Area Sought for Release: + 165.29 acres <br />Bonding Company: Travelers Casualty and Surety Company of America <br />Bond Number: 103799990 <br />Proposed Bond Amount (after release): $2,077,712.00 <br />Original Bond Amount: $9,077,000.00 (November 10, 1983 permit issuance) <br />Applicable Bond Amount (for bond release calculation purposes): $4,402,022.00 <br />Current Bond Amount: $2,327,437.00 <br />Bond Amount Requested for Release: $249,331.00 <br />The amount requested for release is based on the methodology employed by the Division <br />during the SL-03 bond release process. In that bond release for the Keenesburg Mine, the <br />Division first established the applicable original reclamation bond amount. Then, the <br />allowable amount of bond that could be released under the regulations was calculated. <br />Third, the acreage for which bond release was being sought was determined, and the <br />percentage of the bond release area was calculated relative to the permit area. The <br />percentage of bond release area was multiplied by the reclamation bond amount eligible <br />for release to obtain the calculated bond release amount. <br />Coors Energy Company Keenesburg Mine <br />Phase III Bond Release: 1985/1986/1987/1995/1997 Areas <br />Page 1