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iii iiiiiiiiiiiu iii <br />999 <br />Nvvcmber 7, 2000 <br />Mr, David A. Berry <br />Coal Program Supervisor <br />Division ofMinerals and Geology <br />215 Centennial Building <br />1313 Sherman Street <br />Denver, CO 80203-2273 <br />RE: Lorencito Permit and Frontier Bonds <br />Dear Mr. Berry: <br />By this Letter, A.P. Maxwell, I.LC hereby requests that the Division grant a six month extension fur <br />a ruling on termination of the Lorencito Coal Mine Permit due to lack of develupmcnl activity. As <br />you know, the coal industry has been in a mode of consolidation and reorganization because of <br />depressed coal prices and small market growth. We are starting to see some signs•of a stronger <br />market and if'the winter of 2000/2001 is colder than normal, prices nray increase and new <br />developments such as Lorencito may again become viable. As of October 31, 2000, Mr. Al Perry's <br />50 percent ownership has been purchased by Mr. Bruce Addington giving him 100 percent control <br />of A.P. Maxwell, L.1,C. Mr. Addington has extensive experience with development of mines and <br />the coal industry and would developtheLorencito Project in the spring of2U01 ifmarket conditions <br />change as currently anticipated. 'l his change of ownership will provide Mr. Addington with <br />additional Ilcxibility and potential Lo carry the Prvjcct forward. The new ownership information <br />will be submitted as soon as possible m response to the request from the mid-term review. <br />Environmental Consulranls, Inc. <br />r24ve5 {' <br />• <br />Concerning the Frontier Bonds for I,orencito and Yicketwire, a Frontier Insurance Company <br />representative, Mr. David Benett, will be calling and submitting information pertaining to the bond <br />rating of thece.sureties. -Iheseinclude: <br />A.P. Maxwell, LLC <br />Pieketwire Processing <br />i,urencito Coal Company <br />NOI No. X-96-21 R-00 <br />Permit No. C-81-012 <br />Permit No. C-9ti-084 <br />Bond # 110346 <br />Bond # 110345 <br />Bond # 110343 <br />Since the State of Kentucky has decided to retain the existing Frontier bonds, Mr. Addington's <br />request is that the existing bonds also be retained in Colorado. At the time mine development (or <br />reclamation) activities begin, a new blinding company and stew bonds will be obtained to insure <br />proper coverage is in place. ~~~ t-U~ ~ 't / v~ l~J <br />5231 Soudt Quebec: Slrxl • Circcnw,nxl Pillage, Colorado 80111 <br />Phone (303) 890-0930 • Fax (3U3) 721-9298 <br />Wcb Site www.greyr;tnne-consullanls.cum • E-mail: preystona4ttgreystuner;onnullanb.com <br />E/Z 30Vd `WdE4~5 00-L-~ON `4610 699 EOE `•1V1N3WNOt1I~N3 3NOlSJ,3ti0 ~AS 1N3S <br />