U.S. DEPARTMENT OF THE INTERIOR
BUREAU OF LAND MANAGEMENT NEWS RELEASE
Wyoming State Office
|Release Date: 04/01/11|
Federal Coal Lease Sale Set for June 15
The Bureau of Land Management (BLM) will hold a competitive coal lease sale by sealed bid at 10 a.m. on Wednesday, June 15. The sale will be held in the first floor conference room (room 107) at the BLM Wyoming State Office, 5353 Yellowstone Road, Cheyenne, Wyo.
The West Antelope II South Coal Tract, a 1,908.6 acre area containing an estimated 56.356 million tons of mineable coal, will be offered for lease to the qualified high bidder provided the high bid meets or exceeds BLM’s estimate of the fair market value of the tract. The minimum bid for this tract is $100 per acre, or fraction thereof. The minimum bid is not intended to represent fair market value.
The West Antelope II South Coal Tract is being offered for sale in response to a lease by application (LBA) filed by Antelope Coal LLC, Gillette, Wyo. The coal resource to be offered consists of all reserves recoverable by surface mining methods.
The tract is located two to four miles south of the Campbell/Converse County line and one to three miles east of State Highway 59. The coal tract is adjacent to the western and southern lease boundary of the Antelope Mine.
Once a lease is issued, an annual rental payment of $3 per acre is required, along with a royalty payment of 12.5 percent of the value of coal produced by strip or auger mining methods and eight percent of the value of the coal produced by underground mining methods.
More than half of the electricity consumed annually in the United States is produced from the 1.1 billion tons of coal used domestically each year, with 35 percent coming from public lands in Wyoming. Last fiscal year, coal royalties of $598 million were collected and shared equally with the State of Wyoming.
"Low sulfur Wyoming coal is used to generate electricity in 39 states,” said BLM Wyoming State Director Don Simpson. “Wyoming contributes over 400 million tons of coal to the nation’s domestic energy supply, making it the number one producer of coal in the country. The demand for coal continues to rise as a reliable and steady source of power in the United States.”
Sealed bids should be sent by certified mail, return receipt requested, or have them hand delivered to the Cashier, BLM Wyoming State Office, 5353 Yellowstone Road, P.O. Box 1828, Cheyenne, WY 82003. Bids must be received no later than 4 p.m. on Tuesday, June 14.
For more information, or to obtain further bidding instructions, please contact Mavis Love, (307) 775-6258, or Kathy Muller Ogle, (307) 775-6206, at the BLM Wyoming State Office.
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 2014, the BLM generated $5.2 billion in receipts from public lands.
Wyoming State Office 5353 Yellowstone Cheyenne, WY 82009
|Last updated: 04-01-2011|
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