Laserfiche WebLink
<br />III IIIIIIIIIIIIIIII • ~ ~~~~-~=~ `~ <br />• 999 <br />"~., <br />RMERICRN 9H1ELD CORL COM?RNY ~/'!•'+~J ~11~,~;~; <br />r~GV°tfvif, i IrJiJ ~I~JI:I!lN <br /> <br />5wte 175 <br />10830 N. Central Expwy. <br />Dallas, TX ?SZ31 <br />(214) 692-7872 <br />Jan. 15, .°_2S <br />Nir. I'iichael E. Lena <br />Coe.! Frogram =uoer~~: sor <br />Ccleradc Dep:. of P~atural Resources <br />Mined Land Fe~lamation Division <br />~IE Centennial Bldc. <br />1310 Sherman Street <br />P. 0. Bon 1334 <br />Evergreen, CO 80439-1334 <br />fie: Frusta Manes. MLP,G Perms: 75-60 UG%C. File C-91-015 <br />Gear Mr, Long: <br />During the pass eight months nmerican Shield Coal Company (ASCCi nas bean <br />involved in protracted negotiations with the owners of a royally inierest in <br />the Frusta FroJect. Unfortunately, the Company has peen unsucc_ssful in its <br />efforts to ohtain a new agreement, with the result tnat the Company has been <br />unable to coniinue with the e.:ploration and ^evelopmant of the coal <br />resources on the federal leases it has held since July 1981. <br />American Shield is now in the process o` assipn:ng its tnree federal leases <br />and the fee lands (site of the Frusta Mane anderoround e>.plorai_on <br />development) and is endeavoring to conclude its affairs in Coioraoc. 1; :s <br />anticipated that the new lessees will submit new mane claneror the feae.^al <br />leases and reouest __rmission to maintain the water menitorine we'_is for .,._ <br />pu^pose of futur=_ mine ^ian de :•e lopment. it i=_ also dos =_ibie that the new <br />lessees wi'_1 reque s, permission tc Gostpons rs_iamation cf the Frusta hi~ne <br />__te or hays some nciion that :cis ..its is c. valua ~_ their clans to <br />^eveipp the federal coal leases. it __ the .ntention ,,, n.._r_..=_r ~..---_ is <br />pompiv wi:n Coiprad0 reclar~ation laws and tr.e Comoan~ nas a~.isec ;ne <br />assignees cf tnis intent:en. Spa^_]r1Ca 11 )', In the ...'___gnme nt C' :.._ _eases <br />trte Conoaov has ___rved .:s :oht .. reel aim the __.,__roed __,..._ _~~ <br />compliance w. :r. the Ccioradc I~^,ine^ Land fieciama:ion .ct. Tns Company ~_'! <br />aw>_it the get er r,i nation of MLPD with regard :o :has na'.i _r. <br />P.. CC has decid=_d not to r~aintain a formal cffioe in Colorado while ins .,.,.:us <br />of the Fruits Froiect is unresolved. The Company uill 4',eep _. ^ost ,,;`ice dc.. <br />an Evergreen but offs a al corr_spcnaence should be addressed to the Ga!ias <br />office. Also, ^laase be apv:sed tnat dams =ernet*e has resigned nor <br />position as a temporary officer or .SCC and that Greg Fernette nos ~esigned <br />as interim vice president or P.9 CC. Mr. Fernette wall continue to acs es an <br />agent for ASCG until January 31 1925, for th_ purposes or conciudino the <br />Compam•'s current business in Colorado, in the meantime, if you have any <br />questions or need io inspect tn_ ComGan}''s permit flies, ^lease reel free to <br />