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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 />Office of <br />— &— <br />February 14, 2012 John W. Hickenlooper <br />SAFETY <br />Governor <br />Peter J. Siegmund Mike King <br />Oldcastle Southwest Group, Inc. dba United Companie Executive Director <br />2273 River Road <br />Grand Junction, CO 81502 Di re E. Pineda <br />Director <br />Re: File No. M- 2011 -054 Debeque Sand and Gravel Resource, 112c Decision Letter - Financial <br />and Performance Warranty Request - Construction Material Operation <br />Dear Mr. Siegmund: <br />On February 14, 2012, the Division of Reclamation, Mining and Safety approved your 112c mining permit <br />application. <br />The amount of financial warranty set by the Division for this operation is $423,630.40. You must submit a <br />financial warranty in this amount and a performance warranty in order for us to issue a permit. In the event <br />you have requested a financial warranty form, we have enclosed it in this letter. If you have not, please <br />select a type of financial warranty from Rule 4.3. Then contact us so that we can provide you with the <br />appropriate warranty form. We have enclosed a performance warranty form with this letter for your use. <br />PLEASE NOTE THAT MINING OPERATIONS MAY NOT COMMENCE UNTIL A PERMIT <br />HAS BEEN ISSUED BY THE DIVISION AFTER RECEIPT OF YOUR FINANCIAL WARRANTY <br />AND PERFORMANCE WARRANTY. A PERMIT WILL NOT BE ISSUED UNTIL WE VERIFY <br />THE ADEQUACY OF BOTH YOUR FINANCIAL WARRANTY AND PERFORMANCE <br />WARRANTY. <br />If you have any questions, please contact me at (970) 241 -2042. <br />Sincerely, <br />Travis H. Marshall <br />Environmental Protection Specialist <br />Enclosure – Performance Warranty Form <br />cc: Steve Shuey, DRMS <br />Paul Banks, Paul Banks and Associates, LLC <br />STATE OF COLORADO <br />v 13 <br />COLORADO <br />DIVISION OF <br />RECLAMATION <br />MINING <br />Office of <br />