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U.S. DEPARTMENT OF THE INTERIOR
BUREAU OF LAND MANAGEMENT NEWS RELEASE
Wyoming State Office
 
Release Date: 05/11/11
Contacts: Beverly Gorny    
  307-775-6158    

Antelope Coal Submits Successful Bid at Coal Lease Sale


The Bureau of Land Management (BLM) Wyoming State Office announced today that Antelope Coal LLC, Gillette, Wyo., submitted the qualifying high bid of $297,723,228 (85 cents/mineable ton) for the West Antelope II North Coal Tract.

A qualifying bid must meet or exceed BLM’s estimate of the fair market value of the tract. The high bid met the fair market value and was accepted.

The 2,837.63 acre West Antelope II North Coal Tract contains an estimated 350.3 million tons of mineable coal. The tract is located north of the Campbell/Converse county line approximately two to five miles east of State Highway 59 and adjacent to the western and northern 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. In 2010, nearly 400 million tons of coal was mined from BLM-administered public lands in Wyoming resulting in coal royalties of over $598 million. Royalty income is shared nearly equally with the State of Wyoming.



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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Wyoming State Office   5353 Yellowstone Road      Cheyenne, WY 82009  

Last updated: 05-11-2011