[Federal Register Volume 61, Number 13 (Friday, January 19, 1996)]
[Notices]
[Pages 1392-1393]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-471]



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DEPARTMENT OF THE INTERIOR
[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, the tract re-offered 
and a third sale scheduled for November 16, 1995. The sale was not held 
due to the furlough of Federal government employees but was rescheduled 
for December 22. The sale was not held due to the second furlough of 
Federal government employees. The coal sale is re-scheduled for January 
25, 1996.

DATES: The lease sale will be held at 11 a.m., Thursday, January 25, 
1996. Sealed bids must be submitted no later than 10 a.m., Thursday, 
January 25, 1996.

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 in the Wadge seam on the 
Twenty Mile 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%

    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.


[[Page 1393]]

    Dated: January 8, 1996.
Karen A. Purvis,
Solid Minerals Team, Resources Services.
[FR Doc. 96-471 Filed 1-18-96; 8:45 am]
BILLING CODE 4310-SB-M