[Federal Register Volume 63, Number 35 (Monday, February 23, 1998)]
[Notices]
[Page 9012]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 98-4422]
[[Page 9012]]
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DEPARTMENT OF THE INTERIOR
Bureau of Land Management
[CO-933-98-1320-01; COC 60941]
Notice of Coal Lease Offering By Sealed Bid; COC 60941
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 La Plata County, Colorado, will be 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.).
DATES: The lease sale will be held at 11 a.m., Monday, March 30, 1998.
Sealed bids must be submitted no later than 10 a.m., Monday, March 30,
1998.
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 on the Upper Menefee seam on
the 7 South Mains Tract in the following lands:
T. 34 N., R. 11 W., N.M.P.M.
sec. 6, lots 1 to 5, inclusive, NE\1/4\SW\1/4\, and NW\1/4\SE\1/
4\;.
containing 194.79 acres.
The recoverable reserves have been adjusted from 646,000 tons down
to 624,100 tons to account for coal purchased within a mineral right-
of-way by National King Coal, LLC. The underground minable coal is
ranked as high volatile B bituminous coal. The estimated coal quality
for the Upper Menefee seam on an as-received bases is as follows:
Btu--12,300 Btu/lb.
Moisture--5.60%
Sulfur Content--0.67%
Ash Content--10.64%
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: February 13, 1998.
Karen Purvis,
Solid Minerals Team Resource Services.
[FR Doc. 98-4422 Filed 2-20-98; 8:45 am]
BILLING CODE 4310-JB-M
