2000-02-23_REVISION - M1999002

• Permit No: M1999002
• IBM Index Class Name: Revision
• Doc Date: 2/23/2000
• Doc Name: DEFICIENCIES OF THE BOND SUBMITTAL
• From: DMG
• To: AMERICAN SODA
• Type & Sequence: TR1
• Media Type: D
• Archive: No

iii iuiiiiiniii iii
~~ •
STATE OF
COLORADO
~~~J~• DIVISION OF MINERALS AND GEOLOGY /
11-- Deponmenr of Natural Resources
131 3 Sherman St.. Room 215 r
Denver, Colorado 80203 ~ ~ / / I '~~ ~./C`
Phone: [phone] N LJ~,Q • ~2 f f (` 1 CN~C l
FAX: [phone] ~G ~'I `
/ ~~~ s~~~;~~~
February 23, 2000 /
Ms. lien Jensen
Business Manager/Controller /
Amencan Soda, L.L.P. t/
2717 CR 215
PaEachute, CO 81635
Re: Yankee Gulch Minerals Project, Permit No. M-1999-002
Dear Ms. Jensen:
y r DIVISION O F
•t"~L MINERALS
GEOLOGY
0. E C L A M A 7 1 0 N
MINING•SAFETY
Bill Owens
Guvemor
Greg E. bW lcher
E.eculwr Duecmr
Michael B. long
Division Director
On January 18, 2000, the Division of Minerals and Geology received American Soda, L.L.P.'s Check No.
6597, in the amount of $100.00, along with a copy of Page 1 of a Financial Wartanty/Check for Deposit in
State Treasury form and a brief letter from you regarding the bond that was submitted to the Bureau of Land
Management. The Division requests that American Soda, L.L.P. please submit the following documents so
that the Division can process the $100.00 received as a reclamation bond:
Financial Warranty/Check for Deposit in State Treasury Form: The Division requires
the entire properly executed signed and notarized original Financial Warranty document, to
support the $100.00 check as a cash bond. I have enclosed a new form to be executed by
American Soda, L.L.P. and signed by an authorized person or persons for American Soda,
L.L.P.
2. American Soda, L.L.P. must provide documentation that the bond has been posted and
accepted by the Bureau of Land Management (BLM). This documentation should be a
document signed by Bureau of Land Management personnel showing the amount of bond
posted with them and the date when it was posted and accepted. Also, the Division would
like to know how much the amount of the BLM Lease Bond is.
3. The Division has reviewed the statement in your letter dated January 15, 2000, that
American Soda would not request bond release from BLM without prior CDMG approval.
This statement only partially satisfies the requirements of Rule 4.2.1(8). To meet the
requiremems of Rule 4.2.1(8) please provide the following statement on American Soda
letterhead and signed by a person authorized to bind the Company to the commitments
contained therein:
(n the event that the Bureau of Land Management BLM) makes a decision to reduce or
release the Financial Warranty held for the Yankee Gulch Sodium Minerals Project,
American Soda (the Operator) or their successor will post an acceptable replacement
Warranty with the Colorado Mined Land Reclamation Board (Board) prior to any release or
reduction action by the BLM. The replacement Financial Warranty posted with the Board
will be in an amount equivalent to the amount to be released by BLM unless the Board