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SECTION VI — BONDING SUMMARY <br />In accordance with Rule 3.02.2(4) the Division has reviewed the adequacy of the reclamation bonding <br />instruments and we have also reviewed the adequacy of the reclamation cost estimate, pursuant to this mid- <br />term permit review. There is currently a Self Bond (SB -004) in place for the Seneca II -W Mine in the <br />amount of $6,255,552.61. The Division calculated a new reclamation cost estimate taking into account the <br />remaining tasks to be completed that have not been released through the phased bond release process and the <br />tasks removed due to the approval of PR6. The Division estimated the reclamation cost to be $5,818,456.00 <br />which is $437,096.61 less than the current bond held. Enclosed with this document is a copy of the <br />Division's estimate. In accordance with Rule 3.02.2(5) "A permittee may request reduction of the required <br />performance bond amount upon submission of evidence to the Division proving to the Division that the <br />permittee's method of operation or other circumstances will reduce the maximum estimated cost to the <br />Division to complete the reclamation responsibilities and therefore warrant a reduction of the bond amount. <br />The Request and demonstration shall be in the form of a permit revision application, or technical revision <br />application as appropriate." <br />Ce <br />