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CLIMAX MOLYBDENUM COMPANY <br />March 1, 1996 <br />Hand Delivered March 4, 1996 <br />Colorado Division of Minerals and Geology <br />1313 Sherman Street <br />Room 215 <br />Denver, CO 80203 <br />RE: MLRD Permit No M -77 -493 112 Annual Report <br />To Whom it May Concern: <br />Sincerely, <br />Bryce R. Romig <br />Environmental Coordinator <br />Climax Mine and Mill <br />cc: J. Jones - Henderson Mine <br />J, Clapper - Climax <br />B. Vogels - Henderson Mine <br />A Division of Cyprus Climax Metals Co <br />Please contact me know if there are questions concerning this report. <br />Rt°PIifPf ( <br />MAR 0 1996 <br />Division of ivliner ns & ( eo ogy <br />Enclosed is the 1995 112d Annual Reclamation Report for the Climax Mine and a check in the <br />amount of $1000.00 to cover the appropriate fee. The attached worksheet and reference material <br />summarizes the reclamation activity and monitoring summaries at the Climax Mine in 1995. <br />Climax initiated a brief run of production in 1995 from April 4 to August 11. Production was <br />curtailed due to a rapid decrease in the price of Molybdenum through the second quarter of 1995. <br />No production is anticipated in 1996. <br />Reclamation at Climax centered on additional work in the Storke Underground Facilities Complex, <br />Eagle Park Reservoir, and along Highway 91. These areas are scheduled for further work in <br />1996. Climax also developed three technical revisions in 1995 to include a revision for ground <br />water, the Environmental Protection Plan (EPP, Rule 6.4), and Biosolids use. Climax and the <br />DMG are presently working toward completion of the EPP and the ground water revisions. The <br />Biosolids Technical Revision was approved in early 1996 and may be initiated as early as the <br />second quarter of this year. <br />The financial warrantee for the Climax Mine has not been adjusted this year as there is no <br />acreage being considered for bond release. Information submitted to the Division in March of <br />1994 remains current with respect to calcualtion of the bond. The amount of bond remains <br />$17,976,365. <br />COLORADO OPERATIONS <br />Climax Mine <br />Hwy 91 <br />Climax, Colorado 80429 <br />(719) 486 -2150 <br />Fax (719) 486 -2251 <br />j/i/;/-;;(7i <br />