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CLIMAX MOLYBDENUM COMPANY <br /> AMAX MOLYBDENUM DIVISION <br /> AMAX INC. <br /> T <br /> LAW DEPARTMENT <br /> April 16 , 1982 <br /> Colorado Mined Land <br /> Reclamation Division <br /> 423 Centennial Building <br /> 1313 Sherman Street <br /> Denver , CO 80203 ;,; j <br /> Attention : Joe Zalkind <br /> Minerals Supervisor <br /> Re : k-AVrAX "Self-Bonding" Application <br /> Gentlemen: <br /> Enclosed is AMAX' s 1981 annual report . I <br /> understand that you will forward this to Deloitte, Haskins & <br /> Sells along with the material we submitted on December 22, <br /> 1981. <br /> Several weeks ago I informed Jim McArdle of AMAX ' s <br /> intent to purchase a sand and gravel pit near Leadville from <br /> Webster Sand & Gravel . As part of the sales agreement , AMAX <br /> agreed to post a reclamation bond in the amount of $27, 000. 00. <br /> I would like to know if we can incorporate this bond into our <br /> "self-bonding" application without the need to obtain a new <br /> opinion letter from Coopers & Lybrand . It seems to me that <br /> the requirements of H.B. 1518 can be met by having Deloitte , <br /> haskins & Sells, as part of its review, "recertify" that <br /> we meet the requirements of C.R. S. § 34-32-117 (3 ) ( a) (VII ) , <br /> taking into account both the new bond and the new annual <br /> report . <br /> I look forward to hearing from you. <br /> Sincerely, <br /> /P <br /> Richard 0. Austermann <br /> Attorney <br /> ROA:mm <br /> 1707 Cole Boulevard 9 Golden, Colorado 80401 9 303/234-9020* TWX: 910-937-0746 a dexcopier:303/231-0744 <br />