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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

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Irina Zhorov is a reporter for Wyoming Public Radio. She earned her BA from the University of Pennsylvania and an MFA from the University of Wyoming. In between, she worked as a photographer and writer for Philadelphia-area and national publications. Her professional interests revolve around environmental and energy reporting and she's reported on mining issues from Wyoming, Mexico, and Bolivia. She's been supported by the Dick and Lynn Cheney Grant for International Study, the Eleanor K. Kambouris Grant, and the Social Justice Research Center Research Grant for her work on Bolivian mining and Uzbek alpinism. Her work has appeared on Voice of America, National Native News, and in Indian Country Today, among other publications.
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