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./ 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 />V June 11, 2009 <br />J Sean Frisch <br />Lafarge West, Inc. <br />10170 Church Ranch Way, Ste. 200 <br />Westminster, Colorado 80021 / <br />RE: Lafarge West, Inc.; File No. M-1991-035 <br />Bluestone North; Financial Warranty Increase (SI-01) " <br />Dear Mr. Frisch, <br />1111101111, -qq% <br />COLORADO <br />D I V I S I ON OF <br />RECLAMATION <br />MINING <br />SAFETY <br />Bill Ritter, Jr. <br />Governor <br />Harris D. Sherman <br />Executive Director <br />Ronald W. Cattany <br />Division Director <br />Natural Resource Trustee <br />On June 8, 2009, the Division of Reclamation, Mining and Safety (Division) conducted an inspection <br />of the Bluestone North site, File No. M-1991-035. <br />According to Rule 4.2.1(1) and (2), the Division may review a financial warranty at any time to <br />determine if the amount is sufficient to perform reclamation. The Division currently holds a <br />financial warranty of $197,430. Based on the inspection, the financial warranty is not sufficient <br />to perform the approved reclamation at the site. The Division prepared a reclamation cost <br />estimate for the Bluestone North site based on the inspection. The Division estimates the cost <br />to reclaim the current disturbance is $423,800. This is an increase of $226,370 from the <br />current financial warranty. <br />This letter is to inform you that your financial warranty will need to be revised within 60 days <br />from the date of this letter. A copy of calculations used to determine this cost is attached for <br />your review. <br />If you wish to submit a different type of Financial Warranty, the various application forms can <br />be found at the following website: http://mining.state.co.us/Mineral%20Forms.ritm. An <br />additional $500 is required if Lafarge West, Inc. elects to submit the financial warranty as an <br />Irrevocable Letter of Credit for a total increase of $226,870. If you have any questions <br />regarding the Financial Warranty please contact Elizabeth Taliaferro at (303) 866-3567 Ext. <br />8148. <br />STATE OF COLORADO <br />Office of Office of <br />Mined Land Reclamation Denver • Grand Junction • Durango Active and Inactive Mines