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l <br />DIVISION Of MINERALS AND GEOLOGY <br />Department of Natural Resources <br />1313 Sherman St., Room 215 <br />Denver, Colorado 80203 <br />Phone: (303) 866-3567 <br />FAX: (303) 832-8106 <br />FINANCIAL WARRANTY <br />CHECK FOR DEPOSIT IN STATE TREASURY <br />(' <br />STATE OF COLOiRADQ <br />RECEIVED <br />MAY 0 8,1997 <br />Division of Minerals & etiology <br />Operator a) , L t) u r F- C . C??//l/?? ?t uC t"-6A,1 <br />PWO.' <br />DEPARTMENT OF <br />NATURAL <br />RESOURCES <br />Roy Romer' <br />Governor <br />James S. Lochhead <br />Executive Director <br />Michael B. Long <br />sion Director <br />41 C>0016 <br />Operation Mj ?6 t) I-- r Pre T <br />Permit No. 44 - E2 - y <br />KNOW ALL MEN BY THESE PRESENTS, THAT: <br />WHEREAS, the Colorado Mined Land Reclamation Act, C.R.S. 1973, 34-32-101 et M. (the <br />"Act"), as amended, provides that no permit may be issued under the Act until the Mined Land <br />Reclamation Board (the "Board") receives a financial warranty (or warranties) as described in the Act. <br />WHEREAS, / l / 0 `c> y F P C OW,5 -rV uC f.'D AZ 41yC. (the "Operator), <br />a ? /> `1) k ,16 co oration, has applied for a permit to conduct a mining <br />operation known as _ D `a u F ,` I' (the "Operation"), on certain lands <br />in K' 5 Al -e- a d S County, Colorado. These are described in the permit <br />application, as amended and supplemented, and are referred to herein as the "Affected Lands" <br />WHEREAS, in the application for the permit the Operator has agreed to be bound by all <br />requirements of the Act and all applicable rules and regulations of the Board, as amended from time to <br />time. <br />WHEREAS, in the application for the permit, the Operator has agreed with the Board to provide <br />for reclamation of the Affected Lands, that are now or may become subject to the permit, as required by <br />law. <br />WHEREAS, the Board has determined in accordance with the Act that the estimated costs of <br />reclamation of the Affected Lands-are those amounts for the stated periods of time as set forth herein. <br />Said amount may be amended from time to time to reflect revised estimates of said costs of reclamation. <br />WHEREAS, the Board has determined that the financial warranty by the Operator equals the <br />estimated costs of reclamation, as approved by the Board, with regard to the Affected Lands. <br />WHEREAS, the Operator, in accordance with the Act has promised and hereby promises the <br />Board that it will be responsible for all of the estimated costs of reclamation with regard to the Affected <br />Lands.