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STATE OF COLORADO <br /> DIVISION OF MINERALS AND GEOLOGY <br /> Department of Natural Resources POW,7TA <br /> 1313 Sherman St.,Room 215 <br /> Denver,Colorado 80203 <br /> Phone:(303)866-3567 <br /> FAX:(303)832-8106 WN <br /> DEPARTMENT OF <br /> NATURAL <br /> March 29, 1994 RESOURCE <br /> Roy Romer <br /> Governor <br /> President Ken Salazar <br /> NationsBank of Texas, N.A. Executive Director <br /> Michael B.Long <br /> International Services Division Director <br /> P.O. Box 830483 <br /> Dallas, Texas 75283-0483 <br /> Re: American Shield Coal Company, Letter of Credit No. 59402, $36,000.00 <br /> Fruita No. 1 and 2 Mines, Permit No. C-81-015 <br /> Dear Sir: <br /> In accordance with the attached Irrevocable Letter of Credit No. 59402; by the <br /> Director (the Director) of the Division of Minerals and Geology/Office of <br /> Mined Land Reclamation of the State of Colorado; <br /> I hereby certify that the Director is a duly authorized official acting on <br /> behalf of the State 'of Colorado and the amount of the accompanying sight draft <br /> is due and payable to the State of Colorado pursuant to applicable provision <br /> 'of Colorado statutes governing mined land reclamation and that American Shield <br /> Coal Company or its successor has neglected, failed, or refused to pay such <br /> amount although requested to do so by the Director. <br /> "The amount drawn will be held as a cash deposit in lieu of financial <br /> warranty, as provided in applicable Colorado statutes governing mined <br /> land reclamation." <br /> If you have any questions, please contact Deborah Mulloy or me. <br /> Sincerely, <br /> State of l0[o,eDJ > <br /> County of ss <br /> The foregoing instrument was <br /> acknowledged before me this <br /> Michael B. Long day of /1Wegl/ , 19 Yam' by <br /> Director 'p. LoN6 as <br /> -Z9/.-1&e raf of the <br /> Enclosure(s) Office of Mined Land Reclamation. <br /> CERTIFIED MAILING NO. P 296 525 843 <br /> cc: American Shield Coal Company <br /> Greg Lewicki & Associates <br /> Erica Crosby, DMG <br /> N ary Public <br /> My Commission Expires cjr- <br /> Received by: <br />