Wyoming State Office
| Contacts: | Beverly Gorny | |||
| 307-775-6158 |
Federal Coal Lease Sale Set for June 28
The Bureau of Land Management (BLM) will hold a competitive coal lease sale by sealed bid at 10 a.m. on Thursday, June 28. 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 North Porcupine Coal Tract, a 6,364.28-acre area containing an estimated 721.15 million tons of mineable coal, will be offered for lease to the qualified high bidder of the highest cash amount. The high bid must meet or exceed BLM’s estimate of the fair market value of the tract.
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 surface mining methods.
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 Wednesday, June 27, 2012.
For more information, or to obtain further bidding instructions, please contact Kathy Muller Ogle, (307) 775-6206, or Mavis Love, (307) 775-6258, 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. In Fiscal Year (FY) 2011, recreational and other activities on BLM-managed land contributed more than $130 billion to the U.S. economy and supported more than 600,000 American jobs. The Bureau is also one of a handful of agencies that collects more revenue than it spends. In FY 2012, nearly $5.7 billion will be generated on lands managed by the BLM, which operates on a $1.1 billion budget. The BLM's multiple-use mission is to sustain the health and productivity of the public lands for the use and enjoyment of present and future generations. The Bureau accomplishes this by managing such activities as outdoor recreation, livestock grazing, mineral development, and energy production, and by conserving natural, historical, cultural, and other resources on public lands.
Wyoming State Office 5353 Yellowstone Road Cheyenne, Wyoming 82009