2011-02-28_PERMIT FILE - C1991078A (4)

Home Browse Search

• 2.05.4(2)(b) The applicant accepts the Division's reclamation bond li- ability estimate of $573,610. The applicant will provide a reclamation bond in the amount of $600,000. It is common for an applicant to make revisions to its operation plan through the technical revision process. The "over bonded" amount of $26,390 will be used for changes in the operation plan that may require additional reclamation bond coverage. Therefore, the value of the reclamation bond will not have to be revised each time a revision is made to the operation plan. The revision to the mine plan made during May 1992 increased the applicant's bond estimate by $10,825. The additional amount was a result of handling additional spoil and the reduction in the required highwall reduction both for the estimated reclamation cost for Mining Area 1. The over bonded amount is therefore reduced to $15,565 ($26,390 - $10,825). The above bond estimate is based on the worst case scenario of mining Area 1 and Area 2 concurrently. If Area 1 was mined sequentially with Area 3 then the portion of the above estimate that is for the reclamation of Area 2 could be deducted from the required bond amount. The amount of the above estimate that is for the reclamation of Area 2 is as follows: • Spoil and Topsoil Unit Price Total Area 2 Topsoil Stockpile 75,000 1.42 106,500 Area 2 Spoil Stockpile 20,000 1.24 24,800 Area 2 Spoil Ridges 56,000 0.25 14,500 Area 2 Highwall Reduction 89,000 0.99 88,110 Subtotal 233,910 Reclaim Sediment Ponds: 3 Each Ponds 1,200/EA 3,600 Fence: 5,280 1.50/ft. 7,920 Subtotal Reclamation Cost Estimate $ 245,430 Public Liability Insurance - 1.558 3,804 Contractors Performance Bo nd - 0.9758 2,392 Contractor's Profit - 108 24,543 Engineering/Bid Documents 4.25 $245,430 10,431 Total Reclamation Bond Amount Area 2 $ 286,600 Therefore, of the $600,000 bond, $287,000 is attributable to Mining Area 2 and $313,000 is attributable to Mining Area 1. • 2.05-20i July 1992