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Permit Amendment (AM-06) - Climax Mine CM0000667 <br /> 12/31/10 Climax Reclamation Labor Rates <br />Source of Base Rates: Colorado Labor Market Information for Occupational Wages for 2006 (Statewide) <br />(http://www.coworkforce.com) Inflated to 12/31/10 dollars by CPI ratio • <br /> Labor <br /> Base Workers Total-2006 Inflation 12/31/10 <br />Worker Classification Rate Fringes' FICA2 SIIS3 Unemploy° Comps Dollars Factor2 Dollars <br />Dozer/Compactor Operator $20.18 $4.44 $1.54 $1.28 $0.77 $3.23 $31.44 1.0754 $33.81 <br />Loader Operator $18.15 $3.99 $1.39 $1.15 $0.69 $2.90 $28.27 1.0754 $30.40 <br />Scraper Operator $20.28 $3.85 $1.55 $1.28 $0.77 $3.24 $30.98 1.0754 $33.32 <br />Grader Operator $19.45 $4.08 $1.49 $1.23 $0.74 $3.11 $30.10 1.0754 $32.37 <br />Backhoe Operator $18.15 $3.81 $1.39 $1.15 $0.69 $2.90 $28.09 1.0754 $30.21 <br />Water Truck Driver $17.92 $3.40 $1.37 $1.13 $0.68 $2.87 $27.38 1.0754 $29.44 <br />Truck Driver $17.92 $3.94 $1.37 $1.13 $0.68 $2.87 $27.92 1.0754 $30.02 <br />Laborer $12.90 $2.84 $0.99 $0.82 $0.49 $2.06 $20.10 1.0754 $21.61 <br />Mechanic/Welder $20.31 $4.47 $1.55 $1.29 $0.77 $3.25 $31.64 1.0754 $34.02 <br />Foreman $24.56 $8.35 $1.88 $1.55 $0.93 $3.93 $41.21 1.0754 $44.31 <br />'Fringes, % of Base Rate = Varies-> Dozer, Loader, Laborer, Mechanic= 22%; Scraper & Water Truck= 19%; Grader & Backhoe = 21%; <br /> Laborer & Truck Driver = 22%; Foreman = 34% (Avg of Colorado Contractors Assn. 1999 & 2001 Surveys + <br /> Davis Bacon Wage Rate Decision for Colorado SUC D2001-016 12/20/2001] <br />2FICA, % of Base Rate = 7.65 Source: www.ssa.gov/OACT/ProgDatafrasRates.htmi <br />3SIIS, % of Base Rate = 6.33 Source: [Avg of Colorado Contractors Assn. 1999 & 2001 Surveys + Previous Climax Cost Model Updates] <br />4Unemployment, % of Base Rate = 3.80 Source: www.coworkforce.com - Colorado Department of Labor and Employment <br />sWorkers Comp, % of Base Rate = 16.00 Source: [Avg of Colorado Contractors Assn. 1999 & 2001 Surveys + Previous Climax Cost Model Updates] <br /> 1.0754 Inflation Factor based on Consumer Price Index, assuming straight line increase, from inputs below: <br />Annual CPI as of 12/31/10 = 221.20 Source: InflationData.com website; historical Consumer Price Index values from the Bureau of Labor Statistics. <br />Annual CPI for 2006 = 205.70 Base CPI = 100 in 1982. Therefore, a CPI of 205.7 indicates a 105.7% increase since 1982. <br />• <br />• <br />Exhibit L Feb 2011