HomeMy WebLinkAboutDRC-2012-001442 - 0901a068802d3b4eAgency & Trust
388 Greenwich Street, 14th Floor
New York, NY 10013
lay 11, 2012
DRC-201^-U0i442
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MAY 2012
01:
V
Executive Secretary of Utah
Radiation Control Board
Division of Radiation Control
168 North 1950 West
P O Box 144850
Salt Lake City, UT 84114-4850
Re RIO Algom Mining Standby Trust
License #UT 1900481
Fund A/C #796105
Annual Valuation
Gentlemen
In accordance with Section 10 of the Trust Agreement dated as of May 18, 2007, please
be advised that as ofthe date indicated above, this trust is purely a standby trust which
IS currently unfunded A letter of Credit issued by CIBC (L/C# CMUS-06-0003) will fund
the trust if a draw on this Letter of Credit were to occur
If you have any questions or need further information, please do not hesitate to contact
me My email address is patricial qallaqher(a)citigroup com and my direct number is
212-816-2977
Veryiruly yours,
Patricia Gallagher
Vice President
Mr Terry Fletcher, President
RIO Algom Mining LLC
Highway 605 and 509
Grants, NM 87020