2011-10-07_REVISION - M1999002

• Permit No: M1999002
• IBM Index Class Name: REVISION
• Doc Date: 10/7/2011
• Doc Name: Acreage & FW reduction ‎(AR-01)‎
• From: DRMS
• To: American Soda, LLP
• Type & Sequence: AR1
• Email Name: THM
• Media Type: D
• Archive: No

,!117(4)(a)and
117(4Xc)
117(6Xa)
117(6)(d)
117(6)(e)
117(6)(f)
4.14 REDUCTION OF WARRANTY AMOUNT
4.14.1 Operator's Request for Reduction
(1) An Operator may request that the Office reduce the amount of the
Financial Warranty required.
(2) Such a request must:
(3)
4.15 IMPAIRMENT OF FINANCIAL WARRANTIES
(1) Each Financial Warrantor providing proof of financial responsibility in a
form described in Rules 4.3.6, 4.3.7, 4.3.8, 4:3.9, and 4.3.10 shall notify
the Board within sixty days (60) of any net loss incurred in any quarterly
period.
(2) Whenever the Board receives a notice under Rule 4.15(1) or fails to
receive a certification or a substitute Warranty as required by Rule
4.1.2(5), or otherwise has reason to believe that a Financial Warranty
has been materially impaired, it may convene a hearing for the purpose
of determining whether impairment has in fact occurred.
Whenever the Board elects to convene a hearing pursuant to Rule
4.15(2), it may hire an independent consultant to provide expert advice
at the hearing. The fees for any such consultant shall be paid by the
Financial Warrantor, and no consultant shall be hired until the Financial
Warrantor signs a written fee agreement in such form as the Board may
prescribe. In the event that a Financial Warrantor refuses to sign such
an agreement, the Board may, without hearing, order the Financial
Warrantor to provide an alternate form of Financial Warranty.
(4) At any such hearing, if the Board finds that a Financial Warranty has
been materially impaired, it may order the Financial Warrantor to provide
(3)
Page 111
Hard Rock/Metal Mining Rule 4
(a) be made in writing, separate from other correspondence;
(b) include an estimate of the actual cost to reclaim the site based on
what it would cost an independent contractor to complete
reclamation, including unit costs for reclamation activities as
appropriate to the operation to comply with the provisions of Rule
3.1 and the Permit's Reclamation Plan.
Such request shall be processed as described in 4.16, for Prospecting
operations, or Rule 4.17, for all other operations.