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Section VI: DETERMINATION OF BOND AMOUNT (Rule 3.02.2(6)) <br />p) Reclamation Cost Estimate: The Division has updated costs for reclamation of all approved <br />disturbances at the New Elk Mine. The estimate was conducted in August 2011, and updated <br />with revisions that have been approved since August 2011. The estimated reclamation liability <br />for the New Elk Mine is $4,495,189.87. The Division's estimate is attached to this document. <br />NECC has submitted reclamation bonds in the amount of $4,133,137.02. Please submit <br />additional bond monies, at minimum of $362,052.85, to bring the reclamation bond into <br />agreement with the estimated liability amount. <br />16 <br />