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L, III IIIIIIIIIIIII III <br />RULE 3 <br />i - _-- <br />Doc Date:12l1112001 <br />This rule sets forth the minimum requirements and responsibilities for <br />filing and maintaining performance bonds for surface coal mining and <br />reclamation operations. This rule includes minimum requirements for <br />determining amounts and periods of liability for performance bonds. <br />Likewise, it establishes minimum standards for the form, conditions, and <br />terms for performance bonds. <br />3.02 Performance Bond Requirements for Surface Coal Mining and <br />Reclamation Operations <br />Colowyo initially provided a Corporate Surety Reclamation Bond in the <br />amount of $4,500,000 on November 4, 1982 to cover its bonding liability <br />of $4,311,643. On January 15, 1986 Colowyo submitted a Rider to its <br />existing bond increasing the bonded amount to $5,500,000, in response to <br />the midterm review process. <br />At permit renewal RN-O1 Colowyo provided a Rider to the bond, effective <br />August 21, 1987, which increased the bonded amount to $8,747,405. The <br />calculated bond liability resulting from the August 21, 1987 permit <br />renewal and the October 1987 Bond Release approval totaled $6,814,597. <br />The Technical Revision No. 14 for the mining of Section 11, approved by <br />the Division January 25, 1989, required an additional bond liability of <br />$1,314,000, resulting in a revised bonding liability of $6,814,597 At <br />that time the remaining contingency of $618,808 was left available for <br />future consideration. <br />The bond was then reviewed once more as part of the PR-O1 and RN-02 <br />application of May 10, 1991. Estimated reclamation costs for the <br />existing and planned disturbance in the East Pit, Section 16 Pits and <br />facilities areas during the 1992-1997 permit term was calculated to be <br />$13,412,702. Additional liabilities included $221,363 for Phase I and <br />Phase II release areas and $4,117,250 for future West Pit expansion. The <br />total liability was estimated at $17,751,315. <br />3.02-1 <br />RevisionAppreved ~ ? z '~ <br />Revision PJo. 4 2 <br />