No bidders in Utah coal auction

THE US Bureau of Land Management will remain the holder of a coal block south of Salt Lake City, Utah, with no bidders at this week’s lease sale.

Donna Schmidt

The BLM Price field office said no sealed bids for the Dry Canyon B lease were received by the March 6 deadline.

It is not the first time the 4325-acre parcel has failed to find another leaseholder. An initial auction held in November 2011 was also a flop.

This week’s sale was held in response to a lease by application submitted by Wasatch Natural Resources, on April 27 2012.

The BLM did not indicate if and when the Dry Canyon lease would be re-bid.

The federal agency manages more than 245 million acres of public land in 12 western US states, including Alaska. It also administers 700 million acres of sub-surface mineral estate throughout the nation.

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