BLM Sets Wyo. Coal Mining Auction As Market Booms

Law360, New York (January 27, 2012, 12:47 PM EST) -- The U.S. Bureau of Land Management is set to auction off rights to mine 400 million tons of coal in Wyoming as part of a leasing push that has already poured tens of billions of dollars into state and federal coffers, the agency announced Thursday.

The Bureau of Land Management will hold a competitive lease sale on Feb. 29 for more than 3,200 acres dubbed the South Porcupine coal tract, with minimum bids starting at $100 per acre. In December, a smaller tract with roughly half...
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