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COLORADO OPERATIONS <br />CUM"i-w-usK Molybdenum Climax Mine <br />a,a® Highway 91, Fremont Pass <br />A Freeport-McMoRan Company Climax, CO 80429 <br />Phone (719) 486-2150 <br />Fax (719) 486-2251 <br /> <br />March 4, 2010 <br />?A?, o a zoo <br />Hand Delivered Divissoi+ 01 ,%aua• <br />MWn9 and so* <br />Mr. Allen Sorenson <br />Colorado Division of Reclamation, Mining and Safety <br />1313 Sherman Street, Room 215 <br />Denver, Colorado 80203 <br />RE: 2009 Annual Report, Climax Mine, Permit No M-1977-493 <br />Dear Mr. Sorenson: <br />With this letter, Climax Molybdenum Company (Climax) is submitting its 2009 Annual Report along with a <br />check for the required annual fee of $1,150.00. <br />During 2009, the 2010 Project to resume production continued at a substantially reduced pace. Activities <br />related to the Climax 2010 Project are being conducted in a controlled and planned manner to facilitate <br />continued care and maintenance until major construction is resumed. <br />The current financial warranty for Climax Mine is $52,365,000 and considered adequate for the <br />reclamation requirements under the permit. Climax continues to work with the Division in completing the <br />bonding analysis associated with Technical Revision 14 (TR-14). <br />If you have any questions or need additional information, please do not hesitate to contact me at 303- <br />569-3221, x1204. <br />Sincer <br />A <br />Bryce Romig <br />Environmental Manager <br />Climax Molybdenum Company <br />Attachments <br />CC: E. Bower (w/o Attachment)