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STATE OF COLORADO <br />DIVISION OF RECLAMATION, MINING AND SAFETY <br />Department of Natural Resources <br />1313 Sherman St., Room 215 <br />COLORADO <br />Denver, Colorado 80203 <br />DIVISION OF <br />Phone: (303) 866-3567 RECLAMATION <br />FAX: (303) 832-8106 MINING <br />SAFETY <br />February 18, 2010 Bill Ritter, Jr. <br />c ? Governor <br />James B. Martin <br />Ms. Connie N. Davis Executive Director <br />Aggregate Industries - WCR, Inc. t/ <br />1707 Cole Blvd., Ste. 100 <br />Golden, CO 80401 <br />L' <br />Re: Fredstrom Resource, Permit No. M-2001-016, Financial Warranty Reduction Approval, <br />Revision No. SR-01 --- <br />Dear Ms. Davis: <br />On February 18, 2010 the Division of Reclamation, Mining and Safety approved your request for a Financial <br />Warranty Reduction to $1,000.00. This is a reduction of $259,500.00. This decision reduces the amount of the <br />financial warranty, and does not approve any release of reclamation responsibility for the tasks associated with <br />this request. The following stipulation applies to this approval: <br />When the permittee is ready to commence operations, an application will be filed for a surety increase <br />revision. That application will include an updated estimate of reclamation costs considering <br />prevailing labor, equipment, materials, etc. costs at the time of the application. Once the Division has <br />established the amount of financial warranty to be required, the surety increase revision will be <br />approved and the warranty can be posted. Mining may commence only when the Division has <br />notified the permittee in writing that the warranty has been accepted. <br />Please provide a rider to the current Financial Warranty, or submit a new Financial Warranty reflecting this <br />reduction. If you wish to submit a different type of Financial Warranty, please contact our office for the <br />applicable form. <br />If you have any questions, please contact me. <br />Sincerely, <br />Allen C. Sorenson <br />Reclamation Specialist <br />cc: Elizabeth Merry, Division of Reclamation, Mining, and Safety (via email) <br />Office of Office of <br />Mined Land Reclamation Denver - Grand Junction - Durango Active and Inactive Mines