[Federal Register Volume 61, Number 13 (Friday, January 19, 1996)]
[Notices]
[Pages 1392-1393]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-471]
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DEPARTMENT OF THE INTERIOR
[CO-933-96-1320-01; COC 54608]
Notice of Coal Lease Re-Offering by Sealed Bid; COC 54608
AGENCY: Bureau of Land Management, Interior.
ACTION: Notice of competitive coal lease sale.
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SUMMARY: Bureau of Land Management, Colorado State Office, Lakewood,
Colorado, hereby gives notice that certain coal resources in the lands
hereinafter described in Routt County, Colorado, will be re-offered for
competitive lease by sealed bid in accordance with the provisions of
the Mineral Leasing Act of 1920, as amended (30 U.S.C. 181 et seq.). On
August 18, 1995, these resources were re-offered for competitive lease
by sealed bid to the highest qualified bidder provided that the high
bid met the fair market value of the coal resources as determined by
the authorized officer after the sale. Cyprus Western Coal Company was
the only bidder. The bid did not meet the fair market value established
for this tract. Therefore, the bid was rejected, the tract re-offered
and a third sale scheduled for November 16, 1995. The sale was not held
due to the furlough of Federal government employees but was rescheduled
for December 22. The sale was not held due to the second furlough of
Federal government employees. The coal sale is re-scheduled for January
25, 1996.
DATES: The lease sale will be held at 11 a.m., Thursday, January 25,
1996. Sealed bids must be submitted no later than 10 a.m., Thursday,
January 25, 1996.
ADDRESSES: The lease sale will be held in the Conference Room, Fourth
Floor, Colorado State Office, 2850 Youngfield Street, Lakewood,
Colorado. Sealed bids must be submitted to the Cashier, First Floor,
Colorado State Office, 2850 Youngfield Street, Lakewood, Colorado
80215.
FOR FURTHER INFORMATION CONTACT:
Karen Purvis at (303) 239-3795.
SUPPLEMENTARY INFORMATION: The tract will be leased to the qualified
bidder submitting the highest offer, provided that the high bid meets
the fair market value determination of the coal resource. The minimum
bid for this tract is $100 per acre or fraction thereof. No bid less
than $100 per acre or fraction thereof will be considered. The minimum
bid is not intended to represent fair market value.
Sealed bids received after the time specified above will not be
considered.
In the event identical high sealed bids are received, the tying
high bidders will be requested to submit follow-up bids until a high
bid is received. All tie-breaking sealed bids must be submitted within
15 minutes following the Sale Official's announcement at the sale that
identical high bids have been received.
Fair market value will be determined by the authorized officer
after the sale.
Coal Offered: The coal resource to be offered is limited to coal
recoverable by underground mining methods in the Wadge seam on the
Twenty Mile Tract in the following lands;
Sixth Principal Meridian
T. 5 N., R. 86 W.,
Sec. 21, N\1/2\, and SE\1/4\;
Sec. 22, E\1/2\E\1/2\, and W\1/2\;
Sec. 23, all;
Sec. 26, N\1/2\, and N\1/2\SW\1/4\;
Sec. 27, W\1/2\;
Sec. 28, NE\1/4\, and E\1/2\NW\1/4\;
Sec. 33, NE\1/4\NE\1/4\.
The land described contains 2,600 acres, more or less.
The recoverable reserves have been adjusted down to 23.87 million
tons to account for coal purchased by Cyprus Western Coal Company for
two mineral R/W's. The Wadge seam underground minable coal is ranked as
high volatile C bituminous coal. The estimated coal quality for the
Wadge seam on an as-received basis is as follows:
Btu......................................................11.745 Btu/lb.
Moisture..........................................................7.76%
Sulfur Content....................................................0.48%
Ash Content.......................................................8.80%
Rental and Royalty: The lease issued as a result of this offering
will provide for payment of an annual rental of $3.00 per acre or
fraction thereof and a royalty payable to the United States of 8
percent of the value of coal mined by underground methods. The value of
the coal will be determined in accordance with 30 CFR 206.
Notice of Availability: Bidding instruction for the offered tract
are included in the Detailed Statement of Coal Lease Sale. Copies of
the statement and the proposed coal lease are available upon request in
person or by mail from the Colorado State Office at the address given
above. The case file is available for inspection in the Public Room,
Colorado State Office, during normal business hours at the address
given above.
[[Page 1393]]
Dated: January 8, 1996.
Karen A. Purvis,
Solid Minerals Team, Resources Services.
[FR Doc. 96-471 Filed 1-18-96; 8:45 am]
BILLING CODE 4310-SB-M
