2011-03-16_REVISION - C1982057

• Permit No: C1982057
• IBM Index Class Name: REVISION
• Doc Date: 3/16/2011
• Doc Name: Reclamation Cost Estimate ‎(Memo)‎
• From: Jim Stark
• To: Susan Burgmaier
• Type & Sequence: SL3
• Email Name: SLB
• Email Name: JRS
• Email Name: SB1
• Media Type: D
• Archive: No

STATE OF COLORADO
DIVISION OF RECLAMATION, MINING AND SAFETY
Department of Natural Resources
1313 Sherman St., Room 215
Denver, Colorado 80203
Phone: [phone]
FAX: [phone]
INTEROFFICE
MEMORANDUM
TO: Susan Burgmaier
FROM: Jim Stark
SUBJECT: Seneca II-W SL-03 Cost Estimate
DATE: 16 March 2011
COLORADO
D I V I S I ON OF
RECLAMATION
MINING
SAFETY
John W. Hickenlooper
Governor
Mike King
Executive Director
Loretta E. Pineda
Director
Attached is the reclamation cost estimate for the Seneca II-W Mine's Partial Phase I
Bond Release SL-03. This estimate represents the releasable amount for SL-03, which is
$2,228,190.00. This estimate takes into account the Pond 016 slide area and the
exclusion of post-mining drainage channels PM-2D and PM-4D.
The Division has previously released $2,038,488.00 with the approval of SL-02. With
the addition of the proposed release amount of $2,228,190.00 for SL-03, the Division will
have released a total Phase I amount of $4,266,678.00. The original applicable bond
amount prior to the approval of SL-02 was $11,117,348.00. With the approval of SL-03,
the Division will release 38.4% of the Seneca II-W Bond. This amount is below the
maximum allowable amount of 60%, pursuant to Rule 3.03.1(2)(a).
Following the approval of SL-03, the Division will hold a bond in the amount of
$6,850,670.00. The remaining liability at the Seneca II-W Mine will be $6,677,879.00.
The Division will hold an excess of bond in the amount of $172,791.00. The Division
will hold enough bond monies to "assure the completion of the reclamation plan if the
work had to be performed by the Board, through independent contractors, in the event of
forfeiture", pursuant to Rule 3.02.2(1).
Please let me know if you have any questions or need any additional information.
cc: Sandy Brown w/out Attachments
Office of Office of
Mined Land Reclamation Denver • Grand )unction • Durango Active and Inactive Mines