Laserfiche WebLink
COORS ENERGY COMPANY <br />KEENESBURG MINE <br />CDRMS FILE C-1981-028 <br />PHASE II BOND RELEASE APPLICATION <br />Date of Request: February 18, 2010 <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 Il <br />Acreage: Current Permit Area: 610.86 acres <br />Maximum Area Disturbed: + 437.69 acres <br />Area Sought for Release: + 51.05 acres <br />Bonding Company: Travelers Casualty and Surety Company of America <br />Bond Number: 103799990 <br />Proposed Bond Amount (after release): $1,942,214.00 <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: $ 2,121,860.00 <br />Bond Amount Requested for Release: $179,646.00 <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 />• <br />Coors Energy Company Keenesburg Mine Page 1 <br />Phase 11 Bond Release: Areas 2, 5, 6, 7, 9, 10,15, 16,19, 23, and 29