BLM to auction off CO coal lease

THE US Bureau of Land Management in Colorado has set a date to receive sealed bids for a 3155 acre federal coal tract for lease in western Colorado.

Donna Schmidt

The competitive lease sale for what it has called the Red Wash Tracts 1 and 2 totals an estimated 21.3 million tons of recoverable reserves in Rio Blanco and Moffat counties.

The BLM said it was underground mineable and ranked as C bituminous coal.

The estimated coal quality on an as-received basis is 8000-10,600 British thermal units per pound; volatile matter of 23.8-35.93%; moisture of 10-15%; fixed carbon of 29.87-46.9%; and with sulfur and ash content of 0.30-0.95% and 7-20%, respectively.

Sealed bids for the sale, known formally as COC-74813, are due by May 29 at 9.30am local time. Bids will be opened at 10am at the BLM’s Lakewood office.

The minimum bid is $100 per acre, though the agency noted that figure was not a representation of fair market value.

The blocks are being offered following a Lease by Application filed by Blue Mountain Energy.

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