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-~~- <br />OXBOW MINING, LLC ^ <br />3737 Hwy 133 P.O. Box 535 Somerset, Colorado 81434 USA T,,ggj,~R7Q~9-5122 Fax <br />(970)929-5177 R~R,e <br />JUN 0 8 2006 <br />June 5, 2006 <br />Divinwn of Minereia antl Geolo9Y <br />Mr. Jim Stark <br />Environmental Protection Specialist <br />Colorado Division of Minerals and Geology <br />1313 Sherman Street, Room 215 <br />Denver, CO 80203 <br />Re: Permit No. C-1981-022. Oxbow Mininp• LLC.. Elk Creek Mine. Request for Minor <br />Revision No. 79. Bond Considerations. <br />Dear Mr. Stazk: <br />Regarding the mid-term review reclamation cost estimate, Oxbow is in receipt of a verbal <br />determination that 1) the dozer operator rate of $32.53/hr and scraper operator wage of $24.95/hr <br />are correct. As such, Oxbow will agree with the new calculated liability of $3,610,281.00. <br />An increase rider to the Travelers Bond # 104530830 has been initiated and should be in the <br />Division's office shortly. <br />The revised bond calculation should be placed in PAP Exhibit 2.03-E3, Insurance and Bonding <br />Information. <br />Please contact me at 970-929-5806 if you have any questions concerning the information. <br />Sincerely, <br />J es A. Kiger <br />nvironmental Coordinator <br />Attachments <br />Xc: ~ Jim Cooper (OMLLC) <br />Files.. •, <br />,, <br />• Page 1 <br />