[Federal Register Volume 60, Number 215 (Tuesday, November 7, 1995)]
[Notices]
[Pages 56162-56163]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-27540]
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DEPARTMENT OF THE INTERIOR
[UT-920-06-1320-00]
Public Hearing and Call for Public Comment on Fair Market Value
and Maximum Economic Recovery
AGENCY: Bureau of Land Management, Utah.
ACTION: Notice of public hearing and call for public comment on fair
market value and maximum economic recovery; coal lease application UTU-
67939.
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SUMMARY: The Bureau of Land Management announces a public hearing on a
proposed coal lease sale and requests public comment on the fair market
value of certain coal resources it proposes to offer for competitive
lease sale. The lands included in coal lease application UTU-67939 are
located in Carbon County, Utah, approximately 3 miles west of Scofield,
Utah, within the
[[Page 56163]]
Manti-LaSal National Forest and are described as follows:
T. 12 S., R. 6 E., SLM
Section 26, S\1/2\SE\1/4\, SE\1/4\SW\1/4\;
Section 34, lots 1-4, S\1/2\NE\1/4\, SE\1/4\NW\1/4\, E\1/2\SW\1/
4\NE\1/4\, N\1/2\S\1/2\;
Section 35, all.
T. 13 S., R. 6 E., SLM
Section 2, all;
Section 3, all;
Section 10, lots 1-2, NE\1/4\, E\1/2\NW\1/4\;
Section 11, N\1/2\, N\1/2\S\1/2\.
Containing 3,291 acres, more or less.
Two economically minable coal beds, the Lower O'Connor and Upper
O'Connor are found in this tract. The Lower O'Connor seam averages 9.1
feet in thickness and the Upper O'Connor seam averages 6.3 feet in
thickness. This tract contains an estimated 22 to 28 million tons of
recoverable high-volatile C bituminous coal. The range of coal quality
in the seams on an as received basis is as follows: 12,627-12,756 BTU/
lb., 5.95-7.5 percent moisture, .44-.53 percent sulfur, 4.02-4.63
percent ash, 44.69-45.81 percent fixed carbon, and 42.68-44.73 percent
volatile matter. The public is invited to the hearing to make public or
written comments on the proposal to lease and also to submit comments
on the fair market value and the maximum economic recovery of the
tract.
SUPPLEMENTARY INFORMATION: In accordance with Federal coal management
regulations 43 CFR 4322 and 4325, a public hearing shall be held on the
proposed sale to allow public comment on and discussion of the
potential effects of mining and proposed lease. Not less than 30 days
prior to the publication of the notice of sale, the Secretary shall
solicit public comments on fair market value appraisal and maximum
economic recovery and on factors that may affect these two
determinations. Proprietary data marked as confidential may be
submitted to the Bureau of Land Management in response to this
solicitation of public comments. Data so marked shall be treated in
accordance with the laws and regulations governing the confidentiality
of such information. A copy of the comments submitted by the public on
fair market value and maximum economic recovery, except those portions
identified as proprietary by the author and meeting exemptions stated
in the Freedom of Information Act, will be available for public
inspection at the Bureau of Land Management, Utah State Office during
regular business hours (8:00 a.m. to 4:00 p.m.) Monday through Friday.
Comments on fair market value and maximum economic recover should
be sent to the Bureau of Land Management and should address, but not
necessarily be limited to, the following information:
1. The quality and quantity of the coal resource.
2. The mining method or methods which would achieve maximum
economic recovery of the coal, including specifications of seams to be
mined and the most desirable timing and rate of production.
3. The quantity of coal.
4. If this tract is likely to be mined as part of an existing mine
and therefore be evaluated on a realistic incremental basis, in
relation to the existing mine to which it has the greatest value.
5. If this tract should be evaluated as part of a potential larger
mining unit and evaluated as a portion of a new potential mine (i.e., a
tract which does not in itself form a logical mining unit).
6. The configuration of any larger mining unit of which the tract
may be a part.
7. Restrictions to mining which may affect coal recovery.
8. The price that the mined coal would bring when sold.
9. Costs, including mining and reclamation, of producing the coal
and the time of production.
10. The percentage rate at which anticipated income streams should
be discounted, either in the absence of inflation or with inflation, in
which case the anticipated rate of inflation should be given.
11. Depreciation and other tax accounting factors.
12. The value of any surface estate where held privately
13. Documented information on the terms and conditions of recent
and similar coal land transactions in the lease sale area.
14. Any comparable sales data of similar coal lands.
Coal values developed by BLM may or may not change as a result of
comments received from the public and changes in market conditions
between now and when final economic evaluations are completed.
DATES: The public hearing will be held at the Carbon County Courthouse,
Commission Chamber, 120 East Main, Price, Utah, at 7:00 p.m. on
December 6, 1995. Comments on fair market value and maximum economic
recovery must be received at the Bureau of Land Management, Utah State
Office, by January 15, 1996.
FOR FURTHER INFORMATION CONTACT: Max Nielson, 801-539-4038, Bureau of
Land Management, Utah State Office, Division of Mineral Resources, P.O.
Box 45155, Salt Lake City, Utah, 84145-0155.
Dated: October 31, 1995.
G. William Lamb,
Acting State Director.
[FR Doc. 95-27540 Filed 11-6-95; 8:45 am]
BILLING CODE 4310-DQ-M