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3.0 Pe rformance Bond Requirements <br />3.02 Performance Bond Requirements for Surface Coal Mining <br />and Reclamation Operations <br />This section defines the requirements for filing and maintenance of <br />performance bonds, addresses requirements for determination of bond <br />amounts, identifies acceptable bonds and conditions for acceptance of <br />bonds, and provides guidelines for bond release and procedures for <br />bond foreclosure. <br />Consistent with applicable regulatory requirements, Northfield will file <br />and maintain reclamation surety for the mining operation in the <br />amount shown and agreed to in Exhibit AL of the permit application. <br />The surety will be payable to the State of Colorado and covers all <br />mining related disturbance within the proposed Northfield Mine permit <br />area. This exhibit will also contain relevant information on any surety <br />bonds pertaining to other surface disturbance liabilities such as <br />exploration drilling. <br />3.02.2 Determination of Bond Amount <br />The Division's independent reclamation bond estimate to perform <br />reclamation of all proposed disturbance during the term of the permit <br />is the basis for the bond liability amount, shown in Exhibit AL. Any <br />differences in bond amounts as determined by Northfield and the <br />Division will be resolved by agreement and will be reflected on the <br />reclamation cost estimate in this exhibit. Northfield will maintain any <br />current bond cost calculations and relevant supporting documentation <br />on file at the mine office. <br />3.0 -1 Revised 4/12/10, TR -01 <br />