Laserfiche WebLink
Reclamation Costs Calculations - Coal Creek Resources <br />Permit M- 1988 -044 Operator: Schmidt Construction Company <br />Calculation Date: July 31, 2012 <br />Reclamation Cost Per Acre of Affected Land Calculation: <br />Current bond $1,083,044 <br />Current bonded acreage 500 <br />Mean cost per acre $2,166.09 <br />Amount/Acre for maximum disturbance areas $2,166.09 <br />Inflation factor since last bond adjustment 5% <br />New Additional Amount/Acre $108.30 <br />New TOTAL Amount/Acre $2,274.39 <br />Note: The fundamental operation characteristics have not changed <br />since the amendment was approved. Therefore, starting with the <br />amount per acre used in those calculations is appropriate. <br />What the Amount Per Acre Includes: <br />In accordance with the existing Exhibit L in the permit, this amount includes - <br />1. Actual Reclamation Costs <br />2. Contractor MOB /DEMOB at 8.0% <br />3. Overhead at 18.5% <br />4. Administrative costs at 5% <br />Because the original bond calculations were based on these inclusions, <br />no additional amounts need to be added, unless the additional amounts added to <br />bonds have been changed from those stated above. <br />Calculation of acreage to be bonded with this revision: <br />All of affected land to be bonded at maximum per acre amount <br />Some stage of reclamation but not ready for release <br />Reclaimed - probably ready for release <br />Total acreage to be bonded <br />Reclamation Cost Calculation for Current Affected Land <br />Mining + unfinished reclamation + future affected land <br />to be used in the future as needed <br />to be used in the future as needed <br />acres <br />New Recl Cost for New affected land amot $352,530.82 <br />155 acres <br />0 acres (to be used in the future if needed) <br />0 acres (to be used in the future if needed) <br />155 acres = to be bonded currently <br />$ /Acre <br />155 $2,274.39 $352,530.82 <br />0 0 $0.00 <br />0 0 $0.00 <br />Total = $352,530.82 <br />Acreage Accounting for Land Board Lease Management Purposes <br />Current TOTAL land affected 109.37 acres <br />Area 1U acreage 58.2 acres <br />Maximum allowable mining acres in new lease area 300 acres <br />Acres leased that could be <br />bonded in the future 241.8 acres <br />(additional bonded land must be added via Technical Revision) <br />shown on revised map <br />shown on revised map <br />shown on revised map <br />