Laserfiche WebLink
APR.30 '97 9:45AM DMG,GJCT 1 303 2410336 P.2 <br /> STATE OF COLORADO <br /> DIVISION OF MINERALS AND GEOLOGY <br /> Deparlincnl of Natural Resources <br /> 1 313 Sherman St.,Room 21 S <br /> D(-viver,Colorado '0201 <br /> Phone.(303)806- -i67 <br /> FAX;(303)832.8106 DEPARTMENT OF <br /> CONFIDENTIAL DEPARTMENT <br /> April 30, 1997 RESOURCES <br /> M , O Roy Romer <br /> Cove,nor <br /> rr <br /> TO: Michael Long, David Bucknam ire S. Dnef lii <br /> Mich.30 H,Long <br /> FROM; Steve Renner,- i LIM)k)n Dncuw <br /> 1 <br /> RE: Reclamation Funds and Scheduling, oal Basin <br /> I have been considering the questions of how best to proceed with <br /> reclamation at Coal Basin in a logical progression, given funding <br /> projections and project sequencing. This memo discusses <br /> reclamation funding and a reclamation schedule, which is presented <br /> on the attached table. <br /> The table contains a recommended project schedule and sequence <br /> along with estimated costs by project. The costs are a combination <br /> of those contained in the reclamation cost estimate compiled by the <br /> Coal program in the spring of 1995, and modifications which I have <br /> made based upon actual reclamation costs incurred via past bids <br /> received from contractors working at coal Basin. The schedule <br /> represents a sequence of events which minimizes redisturbanee of <br /> previously reclaimed areas, while allowing time to observe these <br /> same areas in order that changes to reclamation concepts may be <br /> incorporated at other portions of the mine so that the best <br /> possibl.: reclamation is accomplished within financial constraints. <br /> FUNDING AND COSTS <br /> In round numbers, we currently hold approximately $595,000, and are <br /> owed approximately $613,000. There may be a dispute with Resources <br /> concerning the amount owed, depending on the total amount of credit <br /> claimed for work they or Pitkin Iron have performed, and dependent <br /> on whether the structural salvage is completed by M&E. I am <br /> assuming that we will receive $600,000, for a combined total <br /> (current holdings plus receivable) of $1,195,000. See my January <br /> 23, 1997 memo for more information regarding financing of <br /> reclamation. <br /> It is assumed that the cost to perform the minimum required <br /> reclamation tasks at Coal Basin will vary between $1,000,0.)a and <br /> $1 ,600,l.00. Many factors, both environmental and economic, <br /> influence these estimates. Therefore, these numbers should be <br /> viewed only as broad guidelines. <br /> 1 <br />