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3.02 Performance Bond Requirements for Surface Coal Mining and Reclamation <br />Operations <br />3.02.1 General Requirements <br />This bond will be conditioned upon the faithful performance of all the requirements of the <br />permit and shall conform to standards as outlined in 3.02.1 parts one through seven. <br />3.02.2 Determination of Bond Amount <br />This section of the permit application addresses Section 3.02.2 - Determination of the <br />Bond Amount. As stated in Section 3.03.2(1), the amount of the performance bond shall <br />be determined by the Division. As a part of the Permit Revision ;review and decision <br />process, CDRMS calculates the performance bond as a result of cost estimates derived <br />from the reclamation plan and other supporting sections presented. However, this <br />performance bond calculation should be based on the calculation performed for the <br />Peabody Sage Creek Mine and the Phase I bond release (SL -4) recently received for the <br />entire Seneca II original permit area. <br />Information necessary to support development of reclamation cost estimates and the <br />performance bond are included, but not limited to the following sections: <br />• Section 2.05.3 Operations Plan <br />• Section 2.05.4 Reclamation Plan <br />3.02.3 Period of Liability for Performance Bond <br />PSCM will be responsible for the reclamation bond liability for the duration of the surface <br />activities and reclamation. The period of liability will be for a minimum period beginning <br />after the last year of seeding. <br />3.02.4 Form, Conditions, and Terms of Performance Bonds <br />The performance bond for Seneca II will be a self bond pursuant to Rule 3.02.4(2)(e). <br />Parent Peabody Investment Corporation will guaranty the bond. The performance bond <br />will be posted upon approval of this permit revision. <br />PR -02 3.02 -1 06/10 <br />