[Federal Register Volume 60, Number 228 (Tuesday, November 28, 1995)]
[Notices]
[Pages 58633-58634]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-28989]
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DEPARTMENT OF THE INTERIOR
Bureau of Land Management
[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 and the tract is being
re-offered. A third sale was scheduled for November 16, 1995; however,
due to the federal employee furlough, the sale is rescheduled.
DATES: The lease sale will be held at 11 a.m., Friday, December 22,
1995. Sealed bids must be submitted no later than 10 a.m., Friday,
December 22, 1995.
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
25 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 Twentymile 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%
[[Page 58634]]
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.
Dated: November 21, 1995.
Karen A. Purvis,
Solid Minerals Team, Resource Services.
[FR Doc. 95-28989 Filed 11-27-95; 8:45 am]
BILLING CODE 4310-JB-M
