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STATE OF COLORADO <br />DIVISION OF RECLAMATION, MINING AND SAFETY <br />Department of Natural Resources <br />1313 Sherman St., Room 215 <br />COLORADO <br />Denver, Colorado 80203 <br />O t <br />Phone: (303) 866 -3567 <br />RECLAMATION <br />FAX: (303) 832 -8106 <br />MINING <br />SAFETY <br />December 21, 2009 <br />Bill Ritter, Jr. <br />Governor <br />Harris D. Sherman <br />Mr. Benjamin Miller <br />Executive Director <br />'ro Alma Placer Company, LLC <br />Ronald W. Catt <br />Division Director <br />2040 W. Hamilton PI <br />Natural Resource Trustee <br />Sheridan, CO 80435 <br />Re: Alma Placer, Permit No. M- 1 -029 Succession of Operators <br />Approval and Increase of <br />Financial Warranty, Revision No. SO -)K <br />Dear Mr. Miller: <br />On 21 December 2009, the Division of Reclamation, Mining and Safety approved the Succession of <br />Operator (SO) from Ducommun Business Trust to Alma Placer Company, LLC for the Alma Placer <br />mine. After conducting an inspection on 18 December 2009, the Division recalculated the financial <br />warranty and found the existing financial warranty held by the Division for the Alma Placer to be <br />inadequate. <br />The newly calculated financial warranty for permit number M- 1985 -029 is $290,654. The Division <br />currently holds a financial warranty in the amount of $117,386. Within 60 days of the date of this <br />letter, Alma Placer Company LLC must submit an additional $173,268 to bring the total financial <br />warranty held up to $290,654 before the SO can be designated as final. If the successor operator <br />does not provide the required financial warranty by the 60 -day deadline (21 February 2010), a <br />letter will be sent to the existing permitted operator with notification of financial warranty <br />increase. <br />For questions pertaining to the financial warranty, please contact Elizabeth Merry at (303) 866 -3567 <br />x8148. You may contact me with other questions at (303) 866 -3567 x 8108. <br />Sincerely, <br />b <br />David Bird <br />Environmental Protection Specialist <br />cc: Paul Ducommun, Ducommun Business Trust <br />Tony Waldron, DRMS <br />Elizabeth Merry, DRMS <br />Office of Office of <br />Mined Land Reclamation Denver • Grand )unction • Durango Active and Inactive Mines <br />