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Wed September 18, 2013
BLM recieves one coal lease bid and rejects it
The Bureau of Land Management received a single bid at today’s/Wednesday’s coal lease sale and it has rejected that bid.
Kiewit Mining Properties bid 21-cents per ton on the Buckskin Mine Hay Creek Two tract. The tract has about 167-million tons of mineable coal and is adjacent to the Buckskin mine, which Kiewit operates.
However, the bid is the lowest the B-L-M has received since 2001.
B-L-M spokeswoman, Beverly Gorney, says ultimately the bid did not meet the B-L-M’s secret calculations of what’s considered fair market value.
"In the case of today’s sale, it was determined that their bid of 21 cents/ton did not exceed or meet fair market value and therefore we rejected the bid and we will not be issuing that lease based on this bid."
B-L-M’s previous coal lease sale received zero bids, which was a first for Wyoming