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TABLE A <br />Reclamation Work Eliminated by Technical Revision #04 to Permit M- 1977 -300 <br />Reclamation Work Description <br />1 Bonded Cost (in dollars) <br />• Streambed Restoration (eliminated by M -77 -300 T.R. #04) <br />1 118,244.00 <br />Subtotal for Reclamation Work Eliminated by Revision <br />1 118,244.00 <br />%Kw COTTER , <br />Mr. Anthony Waldron <br />Environmental Protection Specialist 04° <br />Division of Minerals and Geology <br />1313 Sherman Street, Room 215 <br />Denver, Colorado 80203 <br />1 February, 2002 <br />RE: Reclamation Permit M- 1977 -300, the Cotter Corporation Schwartzwalder Mine <br />Request for Financial Warranty Reduction in Accordance with Rule 4.13 <br />Dear Mr. Waldron: <br />The Cotter Corporation (Cotter) Schwartzwalder Mine (Mine) is located in Jefferson County. <br />The Mine has a 112R Hard Rock/ Metal reclamation permit with a total permitted affected <br />acreage of 51.89 acres in Section 25, T2S, R71W, 6PM and Section 8, T3S, R7OW, 6PM. A <br />total of $937,090.00 in site reclamation costs for the Mine are currently covered under bond <br /> This financial warranty amount was calculated in 1993 and 1996 in accordance <br />with the work specified in the reclamation plan in effect at that time. <br />The Mine does not have a phased reclamation plan, but Cotter has been reclaiming surface <br />facilities and areas that are no longer used in the mining operation, in accordance with the <br />permit reclamation plan, since May of 1998. Technical revision #04 to Permit M -77 -300 and <br />the overlap of affected lands with Permit M- 2001 -036 has also resulted in the elimination or <br />modification of several aspects of the reclamation plan for Permit M -77 -300 since the last <br />complete warranty calculations were performed in 1996. Cotter is requesting a review of <br />financial warranty number by the Division of Minerals and Geology (Division) and <br />a reduction in the required warranty amount to reflect reclamation work completed under the <br />current reclamation plan or eliminated by revision to the plan for Permit M -77 -300. <br />A listing of bonded reclamation work that has been eliminated by technical revision to the <br />permit since the last financial warranty calculation of June 5, 1996 is included as Table A <br />"Reclamation Work Eliminated by Technical Revision #04 to Permit M- 1977 - 300." <br />A listing of reclamation work completed in accordance with the permit reclamation plan is <br />included below as Table B "Reclamation Work Completed for Permit M- 1977 - 300." <br />Reclamation costs for the permit that will be warranted under Permit M- 2001 -036 are included <br />as Table C "Permit M- 1977 -300 Reclamation Work Now Covered by Permit M- 2001 - 036." <br />Cotter Corporation <br />Schwartzwalder Mine, P.O. Box 1017, Golden, CO 80402 -1017 USA <br />Telephone (303) 642 -3893 <br />Fax (303) 642 -7379 <br />011Z81DZ <br />