coal royalties

News
3:32 pm
Tue February 4, 2014

Report Says BLM's Coal Leasing Program 'Out Of Date'

A new report by the Government Accountability Office says the Bureau of Land Management’s coal lease valuation program is ‘out of date.’ The report says BLM offices around the country are not consistent in the way they calculate fair market value, don't always document the rationale behind accepting low bids and do not use independent reviewers to ensure calculations are correct.

It also says the BLM does not properly consider the export potential of coal when calculating fair market value of coal leases.

Read more