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STATE OF COLORADO <br />'Fs-DIVISION OF RECLAMATION, MINING AND SAFETY <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 />?April 19, 2011 <br />Peter Kearl <br />Oldcastle SW Group, Inc. <br />dba United Companies of Mesa County <br />P.O. Box 3609 <br />Grand Junction, CO 81502 <br />?.?( COLORADO <br />D I V I S I ON OF <br />RECLAMATION <br />O -7 ? MI &NG <br />SAFETY . <br /> Bill Ritter, Jr. <br />?ECF <br />IVSD <br />I? Governor <br />- <br />i, <br />w Mike King <br />??? 252011 Executive Director <br /> Loretta E. Pinecla <br />Division of Reclamation, Director <br />mining and Safety <br />RE. Glen's Pit, File No. M-2005-075, Reclamation Costs Update and Notice of Surety Increase SI-1 <br />Dear Mr. Kearl: <br />In an effort to ensure the financial warranty remains adequate to reclaim the above referenced site per the requirements <br />of the approved reclamation plan, the Colorado Division of Reclamation, Mining and Safety (DRMS) has updated the <br />reclamation cost estimate (copy enclosed). Therefore, pursuant to Section 34-32.5-117(4) of the Colorado Land <br />Reclamation Act, adequate Financial Warranty must be submitted to DRMS within 60 days of the mailing date of this <br />letter. The additional amount needs to be accepted prior to Monday, June 20, 2011. Please review the enclosed figures as <br />soon as possible and contact our office if any calculation errors are noted. <br />Staff calculations estimate the cost to reclaim the above referenced site to be $153,000.00. This is an increase of <br />$98,940.0 0 over the $54,060.0 0 currently held by DRMS. This estimate is based on conditions observed during the April 7, <br />2011 inspection. <br />If you require additional information, have questions or concerns, please don't hesitate to contact me at the DRMS <br />Grand Junction Field Office at 101 South 3`d Street, Suite 301, Grand Junction, CO, 81501, Phone: (970) 243-6299, Fax: <br />(970) 241-1516. <br />Sincerely, <br />D& in CAPF a <br />Environmental Protection Specialist <br />Division of Reclamation, Mining and Safety <br />Office of Denver • Grand Junction • Durango Office of <br />Mined Land Reclamation Active and Inactive Mines