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t1 1 -1141 61 44A <br />DIVISION OF RECLAMATION, MINING AND SAFETY <br />Department of Natural Resources <br />1313 Sherman St., Room 215 <br />Denver, Colorado 80203 <br />Phone: (303) 866 -3567 <br />FAX: (303) 832 -8106 <br />March 5, 2013 <br />John M. Clement <br />Keystone Portfolio Management, LP <br />13020 FM 1641 <br />Forney, TX 75126 <br />Re: Memphis, Permit No. M- 1997 -084, Succession of Operators Approval, <br />Revision No. SO -2 <br />Dear John. Clement: <br />Please Note: <br />If you have any questions, contact me. <br />Sincerely, <br />(-1 <br />Wallace H. Erickson <br />Environmental Protection Specialist <br />cc: Russ Means, Division of Reclamation, Mining and Safety <br />Mined Land Reclamation <br />STATE OF COLORADO <br />n aq-oaf <br />COLORADO <br />D I V I S I O N O F <br />RECLAMATION <br />MINING <br />— &— <br />SAFETY <br />John W. Hickenlooper <br />Govemor <br />Mike King <br />Executive Director <br />Loretta E. Pineda <br />Director <br />On February 25, 2013, the Division of Reclamation, Mining and Safety approved the succession of operators from <br />Horizon Ranch, LLP to Keystone Portfolio Management, LP for this operation. Keystone Portfolio Management, LP is <br />now the permitted operator of the Memphis, and as such, is responsible for all provisions in M- 1997 -084, as well as <br />those specified in the Rules and Regulations. Horizon Ranch, LLP is relieved of all responsibilities concerning this <br />operation. <br />1. All of the application materials, as amended and supplemented, are in integral part of your permit. They have <br />been incorporated into the permit by reference. We presume that you have a copy of all of these materials, therefore, <br />none have been enclosed with this mailing. We suggest that you keep a copy of the permit and the permit application <br />at the mining operation as a reference for operation personnel, to help ensure compliance with the terms of the permit. <br />2. Changes in the mining and reclamation operations that differ from those described in the permit may require a <br />modification to the permit. We suggest consulting the Rules and Regulations and/or contacting us to determine if a <br />modification to the permit is necessary. Rule 1.10 pertains to Amendments, Rule 1.9 to Technical Revisions, and Rule <br />1.11 to Conversions. <br />3. On your permit anniversary date each year, you must submit an annual fee and annual report to us. Please <br />consult the Rules, Act, and your permit for specific requirements. <br />The estimated reclamation liability amount of $1,053.00 for the Memphis, has been received by Financial Warranty <br />Check for Deposit in State Treasury. <br />The transfer of this permit does not result in the transfer of any other permits or licenses, with this Division, <br />the State, or Federal Agency, which might be associated with this operation. <br />Office of Office of <br />Denver • Grand Junction • Durango Active and Inactive Mines <br />