Laserfiche WebLink
Hernandez, Alpha <br />From: Musick, Jason <br />Sent: Tuesday, June 26, 2012 7:49 AM <br />To: Zuber, Rob <br />Cc: DRMS - Coal - Admin; Hernandez, Daniel <br />Subject: Southfield Mine 2012 Midterm Review Reclamation Cost Estimate <br />Attachments: C1981014 2012MidtermRCE.docx <br />Attached is the reclamation cost estimate for the 2012 Southfield Mine Midterm Review. The Division updated the <br />reclamation cost estimate with costs updated in the second half of 2011. This updated estimate represents a new <br />liability of $293,061.62. This estimate includes 22 reclamation tasks identified in the permit and included a cost update <br />only, as no revisions were approved since the previous estimate was last updated with the 2009 Permit Renewal <br />Estimate (RN5). This 2010 Midterm Review revised cost estimate is $87,369.38 less than the current bond held of <br />$380,431.00. <br />The Division's Permit System identifies a required liability of $366,359.00. This required liability amount is based on the <br />amount released in Bond Release No. 02 (SL -2). The required liability amount is also less than the bond held. The <br />amount of bond held of $380,431.00 is statutorily limited by the 60 percent maximum criteria as required by Rule <br />3.03.1(2)(a) and may not be decreased without being approved through the Bond Release process. Based on the above <br />referenced 2012 Midterm Review Cost Estimate, the Division holds an adequate amount of bond to complete the <br />remaining reclamation required at the Southfield Mine. <br />Please let me know if you have any additional questions or comments. <br />Jason Musick <br />Environmental Protection Specialist <br />Division of Reclamation, Mining and Safety <br />1313 Sherman Street, Room 215 <br />Denver, CO 80203 <br />303 - 866 -3567, Extension 8134 <br />303 - 832 -8106 Fax <br />Jason. musick(@state. co. us <br />