Laserfiche WebLink
Reclamation Cost <br />A phased and cumulative bonding approach was approved in Technical Revision #3. The <br />required financial warranty amounts have been updated to reflect the new phasing and new <br />quantities that result from this amendment. Below is a summary table of the financial warranty <br />required for each phase and the cumulative financial warranty required as the mining <br />progresses through the phases. <br />EXHIBIT L <br />These amounts assume that no reclamation activity has occurred. As each new phase is <br />started, the financial warranty for that phase will be posted with the Division. When a phase has <br />been reclaimed, inspected, and accepted by the Division, the associated financial warranty for <br />that phase will then be reduced /released to 20% of the financial warranty required for that <br />phase. <br />Please see the attached calculations for details of the costs and quantities used to determine <br />the financial warranty required for each phase of mining. <br />146 <br />M- 2001 -107 <br />NCCI Pit #1 <br />DRMS 112 Permit Amendment <br />Additional <br />Financial <br />Warranty <br />Required <br />Cumulative <br />Financial <br />Warranty <br />Phase 1 <br />$ 312,044 <br />$ 312,044 <br />Phase 2 <br />$ 101,812 <br />$ 413,856 <br />Phase 3 <br />$ 151,236 <br />$ 565,092 <br />Phase 4 <br />$ 32,426 <br />$ 597,518 <br />Phase 5 <br />$ 107,398 <br />$ 704,916 <br />Phase 6 <br />$ 111,072 <br />$ 815,988 <br />Phase 7 <br />$ 132,003 <br />$ 947,991 <br />Phase 8 <br />$ 204,462 <br />$ 1,152,453 <br />Phase 9 <br />$ 78,846 <br />$ 1,231,299 <br />Phase 10 <br />$ 66,662 <br />$ 1,297,962 <br />Phase 11 <br />$ 72,284 <br />$ 1,370,245 <br />Phase 12 <br />$ 9,909 <br />$ 1,380,154 <br />Phase 13 <br />$ (41,645) <br />$ 1,338,509 <br />Reclamation Cost <br />A phased and cumulative bonding approach was approved in Technical Revision #3. The <br />required financial warranty amounts have been updated to reflect the new phasing and new <br />quantities that result from this amendment. Below is a summary table of the financial warranty <br />required for each phase and the cumulative financial warranty required as the mining <br />progresses through the phases. <br />EXHIBIT L <br />These amounts assume that no reclamation activity has occurred. As each new phase is <br />started, the financial warranty for that phase will be posted with the Division. When a phase has <br />been reclaimed, inspected, and accepted by the Division, the associated financial warranty for <br />that phase will then be reduced /released to 20% of the financial warranty required for that <br />phase. <br />Please see the attached calculations for details of the costs and quantities used to determine <br />the financial warranty required for each phase of mining. <br />146 <br />M- 2001 -107 <br />NCCI Pit #1 <br />DRMS 112 Permit Amendment <br />