Laserfiche WebLink
Memo to file: M-2001-069 <br />Del Norte west valley Pit APR 14 2010 <br />Amendment AM-1 Division of Rsclain on, <br />Bond Recalculation Mining and Safety <br />Date: 4/12/10 <br />The bond recalculation performed as part of the approval of AM-1 resulted in a figure of $54,440. This is the <br />additional amount for the amendment area only. The AM-1 approval letter that was sent to the operator stated that in <br />addition to the standing bond of $45,613, an additional amount of $24,508 would be required, for a total revised bond <br />of $70,121. On the face of it, these numbers may not make sense. The important step in this calculation is the <br />reduction of bond for the reclaimed phases south of the irrigation ditch <br />Here is the rationale for the new bond figure: <br />Total standing bond amount prior to AM-1: $45,613. <br />Reduction for reclaimed phases S of irrig ditch (anticipated): <29,932.> <br />Net amount for current phases N of ditch (incl pit & staging): $15,681. (sub total) <br />Add new total figure for future phases in AM-1: +$54,440. <br />Revised total bond amount (shown in approval letter): $70,121. (total) <br />These figures have been discussed with the operator. <br />? Bob Oswald /?