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The Colorado Division of Wildlife Threatened and Endangered species <br />internet site is at: <br />htti):Hwildlife. state.co.us/WildlifeSpecies/SpeciesOfConcem/ThreatenedE <br />ndangeredList/. <br />7. The Coal Ridge No. 1 Mine was potentially eligible for a final Phase III <br />Bond Release in 2005 (pending successful demonstration of vegetative <br />diversity). The Division has not received any vegetation monitoring <br />reports or any indication the CB Minerals is moving towards a final bond <br />release. Please provide the Division with an explanation of the future <br />plans for the Coal Ridge No. 1 mine. <br />Section VI. - Bonding Summary <br />Pursuant to Rule 3.02.2(4), the Division recalculated the reclamation cost estimate in <br />conjunction with the 2009 Midterm Review of the Coal Ridge No. 1 Mine. The total <br />required bond based on this recalculation is $29,000.00. The Division currently holds a <br />Certificate of Deposit from Wells Fargo Bank, NA in the amount of $43,200.00. The <br />newly calculated liability of $29,000.00 is less than the CD currently held (of <br />$43,200.00); therefore, CB Minerals is not required to provide the Division with any <br />additional bond monies. The current bond held is "sufficient to assure the completion of <br />the reclamation plan if the work had to be performed by the Board, through independent <br />contractors, in the event of forfeiture" pursuant to Rule 3.02.2(1). <br />Although the Division currently holds an excess in bond monies of $14,200.00, CB <br />Minerals may not request a bond reduction for this amount. The current amount of bond <br />held has been set through the phased bond release process pursuant to Rule 3.03.1(2). <br />The Division originally held a bond in the amount of $288,000.00. The approval of the <br />Partial Phase I Bond Release SL-01 released $161,994.00 (leaving $126,006.00 of bond). <br />The approval of the Partial Phase I Bond Release and the Phase II Bond Release SL-02 <br />released an additional $82,806.00 (leaving the current bond amount of $43,200.00). The <br />current remaining bond amount of $43,200.00 represents 15% of the original bond held <br />(of $288,000.00) pursuant to Rule 3.03.1(2)(b). A copy of the reclamation cost estimate <br />is attached as Exhibit A. <br />This concludes the Division's 2009 Midterm Review for the Coal Ridge No. 1 Mine. <br />Coal Ridge No. 1 Mine <br />Permit No. C-1984-065 <br />2009 Midterm Review <br />1 April 2009 <br />5