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U.S. DEPARTMENT OF THE INTERIOR
BUREAU OF LAND MANAGEMENT NEWS RELEASE
 
Release Date: 08/22/12
Contacts: Vanessa Delgado, Public Affairs Specialist, 303-239-3681    

BLM Competitive Coal Lease Sale in Routt County Nets $800,000 (08-22-12)


LAKEWOOD, Colo. – Today the Bureau of Land Management leased a 400-acre tract for $800,000 to Sage Creek Holdings, LLC to develop approximately 3.2 million tons of recoverable coal adjacent to the Twentymile Coal Mine southeast of Hayden, Colo.

Sage Creek Holdings, LLC filed an application in 2009 to lease an additional 400 acres of coal adjacent to the Twentymile Coal Mine. In April 2012, the BLM finalized an environmental assessment to determine the scope of their application and potential impacts to wildlife, cultural resources and air quality. The lease would most likely be developed using underground mining methods. The mine currently employs 461 people. 

The BLM’s open, competitive leasing process awards the lease to the high bidder who successfully meets or exceeds the fair market value of the coal, which is determined by the BLM.

Roughly, 90 percent of coal deposits in Colorado occur on public lands.  Currently, there are nine producing coal mines (seven underground and two surface operations) encompassing 75,000 acres in the state.  In Fiscal Year 2011, coal energy production on BLM Colorado’s public lands directly contributed $884 million to the economy.



The BLM manages more than 245 million acres of public land, the most of any Federal agency. This land, known as the National System of Public Lands, is primarily located in 12 Western states, including Alaska. The BLM also administers 700 million acres of sub-surface mineral estate throughout the nation. The BLM's mission is to manage and conserve the public lands for the use and enjoyment of present and future generations under our mandate of multiple-use and sustained yield. In Fiscal Year 2013, the BLM generated $4.7 billion in receipts from public lands.
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Last updated: 08-22-2012