Laserfiche WebLink
Reclamation Act and Rules and Regulations. The financial warranty estimate has been <br />developed to support this approach or to support traditional life -of -mine bonding. <br />13.2 Project Financial Warranty Requirements <br />In order to ensure that the Cresson Project is reclaimed, CC &V will post an appropriate financial <br />warranty. The amount of that warranty has been computed in accordance with the practices used <br />in all previous financial warranty computations submitted by CC &V for the Cresson Project. <br />Costs developed are in year 2011 dollars. The financial warranty calculations include those <br />items requiring reclamation at the Cresson Project and the appropriate OMLR administration <br />fees. The amount of the financial warranty currently held by OMLR will be increased to include <br />the activities expected to be implemented for the first year after approval of MLE2. Thereafter, <br />the financial warranty will be reviewed on a periodic basis and adjusted accordingly for the cost <br />to reclaim lands to be affected in the coming period plus the cost to reclaim those lands affected <br />in previous years and not yet fully reclaimed. Completed reclamation will be deducted from the <br />amount included in previous years for that particular area. <br />Relevant costs have been included in the computations for all reclamation and closure activities <br />associated with MLE2 for the entire Cresson Project. The costs have been developed under the <br />assumption that an independent contractor will perform the reclamation activities. The <br />procedures followed and the assumptions used to develop the Cresson Project, including MLE2 <br />financial warranty costs, are discussed in the following sections. <br />13.3 Reclamation Earthmoving Costs <br />The estimated reclamation costs have been developed on the basis of standard production rates <br />for equipment normally utilized for reclamation work. The costs assume the work is completed <br />by an independent contractor. For the reclamation of the Cresson Project, the following pieces <br />of major equipment were used in cost development: <br />■ Scrapers and Trucks: Scrapers and trucks were assumed to transport the growth medium <br />and to do some of the grading and re- contouring work. For this cost estimate, Caterpillar <br />(Cat) 623 (single engine) scrapers and trucks (Cat 773B and 777C) were used in <br />determining the productivity rates of hauling suitable growth medium from stockpiles <br />and in certain instances these machines were used for hauling neutralized ore (VLFs) or <br />overburden (OSAs) to achieve final contours. <br />Cripple Creek & Victor Gold Mining Company <br />Cresson Project Mine Life Extension 2 <br />13 -3 <br />