CHEYENNE, Wyo. (AP) — A subsidiary of St. Louis-based Arch Coal has submitted a successful bid of just over $300 million for the right to mine more than 200 million tons of coal in northeast Wyoming.
The U.S. Bureau of Land Management announced the sale Wednesday, saying the bid by Ark Land Company met or exceeded fair market value for the coal.
The 222 million tons of coal sits beneath more than three square miles of land next to the lease boundary of the Black Thunder Mine in the Powder River Basin.
The value of the federally owned coal comes out to $1.35 per mineable ton.
(© Copyright 2011 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)
Busch Stadium Transforming...
Tornado Rips Through Oklahoma...
Circus Flora Tent Arrives in...
Local Artists Find Success on...
Annie Malone Parade 2013
Landmarks Association Unveils...
Best Summer Dishes
CBS 2013-2014 Prime Time Shows
Ballpark Village Starting To...
2013 Tour de Grove
Flash Forward: Concept Cars...
Hazardous Household Waste...
Baseball Shots Of The Week –...
Andy Cohen At Busch
Shelby's Big Night
Bravo's Andy Cohen Featured...
