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performed by MCR in 1993. Reclamation of the remainder of the <br />mine site was taken over by the DMG in 1994. The DMG contracted <br />reclamation work in 1995, 1996 and 1997 with projected completion <br />in 1999. Reclamation has been funded by sales proceeds from the <br />Rock Dust Plant, and by proceeds of assets sold by the bankrupt <br />estate of MCR. The Bankruptcy Liquidation Plan of MCR was <br />allocated to reclamation the lesser of $3,000,000 or the actual <br />cost of reclamation to be performed according to an approved <br />Reclamation Plan; funds to be disbursed by the Creditors' Trustee <br />as funds are available and needed. <br />Removal of structures has been substantially completed <br />by the salvage contractor, Machinery & Equipment Company, Inc., <br />and A.M. King Industries, Inc., who contracted to complete <br />reclamation and clean up in Coal Basin in 1996, but may not <br />finish until 1998. <br />The post mining uses of land in Coal Basin contemplated <br />recreation, wildlife habitat and livestock grazing. <br />The mine haul and mine service roads in Coal Basin have <br />been identified by the Forest Service for restricted trail <br />access. See Exhibit 1 attached. <br />Between 1995 and 1997, approximately 5,800 acres of <br />land belonging to Mid - Continent Resources, Inc., and being part <br />of the bankrupt estate, were transferred by a series of land <br />exchanges to the U. S. Forest Service. This land essentially <br />extends from Placita on the South, around Coal Basin to Dexter <br />Park on the North. <br />A further exchange program is in progress with the U. <br />S. Forest Service wherehy the 405 acre Preparation Plant tract <br />would also be transferred to the U. S. by exchange. This is to <br />be done in a series of exchanges, of which the first one has been <br />completed comprising about 55.9 acres of land on the easterly end <br />of the Preparation Plant tract. <br />In furtherance of a recreational pattern of uses, Mid - <br />Continent Resources has requested that consideration be given to <br />conversion of the Lamphouse at the mine access tunnel adits to <br />educational and recreational uses. The uses may include a <br />