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Worksheet 00g: The total cost of maintaining the site during the liability period decreased <br />slightly with the Phase I release (indicating stability of the reclamation and less likelihood of <br />repairs being necessary). <br />Worksheet 00h: Topsoil redistribution costs increased due to increased equipment operating <br />costs. <br />Worksheet 00i: Revegetation costs increased due to rising equipment and materials costs. <br />Worksheet 00j: The total cost of mobilizing and demobilizing reclamation equipment <br />decreased, as less equipment is needed for the remaining reclamation liability at the site. <br />We currently hold $7,183,489.00 in corporate sureties for the Seneca II Mine, which are <br />separated for the pre-law and permanent program areas as follows: <br />Bond Number Amount <br />Permanent Program - Permit No. C-1980-005 <br />#30959 $252,733.00 <br />#6510675 $5,575,756.00 <br />Pre-Law - Permit No. 75-54C-A <br />#6510662 $1,355,000.00 <br />Should SCC elect to reduce their bond, the bond for Permit No. C-1980-005 could be reduced <br />to a minimum of $3,973,637.00. The bond for Permit No. 75-54C-A could be reduced to <br />minimum of $285,484.00. Since the two areas fall under different requirements, and since <br />there is only one bond that specifically references the permit number and legal description of <br />the pre-law permit area, they need to remain separate, and Bond #6510662 cannot be reduced <br />below $285,484.00. <br />I updated the "Reclamation Liability and Bond Release History" table I put together previously; <br />it's attached. Should you have questions or need additional information, please let me know. <br />cc: Sandy Brown <br />Johanna Cramer <br />2 <br />