[Federal Register Volume 60, Number 56 (Thursday, March 23, 1995)]
[Notices]
[Pages 15296-15297]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-7110]
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DEPARTMENT OF THE INTERIOR
Bureau of Land Management
[CO-920-95-1320-01; COC 54608]
Public Hearing and Request for Comments on Environmental
Assessment, Maximum Economic Recovery Report, and Fair Market Value;
Application for Competitive Coal Lease COC 54608; Colorado
AGENCY: Bureau of Land Management, Interior.
ACTION: Notice of public hearing.
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SUMMARY: Bureau of Land Management, Colorado State Office, Lakewood,
Colorado, hereby gives notice that a public hearing will be held to
receive comments on the environmental assessment, maximum economic
recovery, and fair market value of federal coal to be offered. An
application for coal lease was filed by Cyprus Western Coal Company
requesting the Bureau of Land Management offer for competitive lease
2,560 acres of federal coal in Routt County, Colorado.
DATES: The public hearing will be held at 7 p.m., April 12, 1995.
Written comments should be received no later than April 26, 1995.
ADDRESSES: The public hearing will be held in the Yampa Valley Electric
Building, 32 Tenth Street, Steamboat Springs, Colorado. Written
comments should be addressed to the Bureau of Land Management, Little
Snake Resource Area Office, 1280 Industrial Avenue, Craig, Colorado
81625.
FOR FURTHER INFORMATION CONTACT:
John Husband, Area Manager, Little Snake Resource Area Office at the
address above, or by telephone at (303) 824-4441.
SUPPLEMENTARY INFORMATION: Bureau of Land Management, Colorado State
Office, Lakewood, Colorado, hereby gives notice that a public hearing
will be held on April 12, 1995, at 7 p.m., in the Yampa Valley Electric
Association Building, 32 Tenth Street, Steamboat Springs, Colorado.
An application for coal lease was filed by Cyprus Western Coal
Company requesting the Bureau of Land Management offer for competitive
lease federal coal in the lands outside established coal production
regions described as:
T. 5 N., R. 86 W., 6th P.M.
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\.
containing 2,560 acres.
The coal resource to be offered is limited to coal recoverable by
underground mining methods.
The purpose of the hearing is to obtain public comments on the
environmental assessment and on the following items:
(1) The method of mining to be employed to obtain maximum economic
recovery of the coal;
(2) The impact that mining the coal in the proposed leasehold may
have on the area, and [[Page 15297]]
(3) The methods of determining the fair market value of the coal to
be offered.
Written requests to testify orally at the April 12, 1995, public
hearing should be received at the Little Snake Resource Area Office
prior to the close of business April 12, 1995. Those who indicate they
wish to testify when they register at the hearing may have an
opportunity if time is available.
In addition, the public is invited to submit written comments
concerning the fair market value and maximum economic recovery of the
coal resource. Public comments will be utilized in establishing fair
market value for the coal resource in the described lands. Comments
should address specific factors related to fair market value including,
but not limited to:
1. The quality and quantity of the coal resource.
2. The price that the mined coal would bring in the market place.
3. The cost of producing the coal.
4. The interest rate at which anticipated income streams would be
discounted.
5. Depreciation and other accounting factors.
6. The mining method or methods which would achieve maximum
economic recovery of the coal.
7. Documented information on the terms and conditions of recent and
similar coal land transactions in the lease area, and
8. Any comparable sales data of similar coal lands.
Should any information submitted as comments be considered to be
proprietary by the commenter, the information should be labeled as such
and stated in the first page of the submission. Written comments on the
environmental assessment, maximum economic recovery, and fair market
value should be sent to the Little Snake Resource Area Office at the
above address prior to close of business on April 26, 1995.
Substantive comments, whether written or oral, will receive equal
consideration prior to any lease offering.
The Draft Environmental Assessment and Maximum Economic Recovery
Report are available from the Little Snake Resource Area Office upon
request.
A copy of the Draft Environmental Assessment, the Maximum Economic
Recovery Report, the case file, and the comments submitted by the
public, except those portions identified as proprietary by the
commenter and meeting exemptions stated in the Freedom of Information
Act, will be available for public inspection at the Colorado State
Office, 2850 Youngfield, Lakewood, Colorado, 80215.
Dated: March 17, 1995.
Karen A. Purvis,
Solid Minerals Team, Resource Services.
[FR Doc. 95-7110 Filed 3-22-95; 8:45 am]
BILLING CODE 4310-JB-M
