2012-03-16_ENFORCEMENT - M1983141

• Permit No: M1983141
• IBM Index Class Name: ENFORCEMENT
• Doc Date: 3/16/2012
• Doc Name: NOTICE OF ENFORVEMENT HEARING
• From: DRMS
• To: AGC RESOURCES
• Email Name: MAC
• Email Name: TAK
• Media Type: D
• Archive: No

DIVISION OF RECLAMATION, MINING AND SAFETY
Department of Natural Resources
1313 Sherman St., Room 215
Denver, Colorado 80203
Phone: [phone]
FAX. [phone]
March 16, 2012
Mark Nesbitt
AGC Resources, LLC
1580 Lincoln St, Suite 700
Denver, CO 80203
RE: Cash & Who Do Mines; DRMS File No. M- 1983 -141; Notice of Enforcement
Hearing
Dear Mr. Nesbitt,
Financial Warrantor:
Cash Bond No.:
Amount:
Date of Submittal:
Expiration Date:
AGC Resources, LLC
1005
$175,900
August 2, 2010
NA
STATE OF COLORADO
COLORADO
D 1 V 1 5 1 0 N OF
RECLAMATION
MINING
- &-
SAFETY
John W Hickenlooper
Governor
Mike King
Executive Director
Loretta E Pineda
Director
On February 8, 2012 the Colorado Mined Land Reclamation Board (Board) determined the
Financial Warranty held for the Cash & Who Do Mines, DRMS File No. M- 1983 -141 is subject
to forfeiture in accordance with C.R.S. 34- 32- 118(1)(b). Pursuant to Rule 4.20 (2) of the
Mineral Rules and Regulations of the Colorado Mined Land Reclamation Board for Hard Rock,
Metal, and Designated Mining Operations, the Board is required to notify all Financial
Warrantors that a Financial Warranty is subject to forfeiture. The pertinent information for the
Cash Bond is:
On March 12, 2012, the Division received documentation from the Boulder County District
Court demonstrating that the assets of AGC Resources, LLC will be transferred to a Court
appointed Receiver. The Receiver is authorized to execute any document necessary to transfer
the Reclamation Permit and the Financial Warranty for the Cash & Who Do Mines to a
Successor Operator.
An Enforcement Hearing will be held for this matter. It will occur during the April 11 and 12
2012 Board Meeting. The hearing will be held in Room 318 of 1313 Sherman Street, Denver,
Colorado, beginning at 9:00 a.m. on April 11 or as soon thereafter as the matter can be heard.
The Board will consider revocation of your permit and will consider whether your Financial
Warranty should be forfeited and will grant you and all financial warrantors the right to appear
before the Board. In addition, the Board will consider the transfer of the Reclamation Permit and
the Financial Warranty to a Successor Operator. The Board may withdraw or modify any
determination that the warranty is subject to forfeiture, settle or compromise the determination,
Office of
Office of
Mined Land Reclamation
Denver • Grand Junction • Durango Active and Inactive Mines