Classifieds Business Directory Jobs Real Estate Autos Legal Notices Forums Subscribe Archives
Today is February 22, 2017
home newssports feature opinion happenings society obits techtips

Front Page » December 25, 2001 » Local News » Coal Tract Bid Awarded in Price Area
Published 5,538 days ago

Coal Tract Bid Awarded in Price Area

Print PageEmail PageShareGet Reprints

Andalex Resources, Inc. and Intermountain Power Agency have been accepted as the successful bidder for the 1,646.34 acre Whitmore Canyon coal tract with a bonus bid of $11,459,900 announced Utah Bureau of Land Management State Director, Sally Wisely.

The Whitmore Canyon Tract is located in Carbon County, approximately four miles north of East Carbon City.

The tract, containing an estimated 14.8 million tons of recoverable high volatile B bituminous coal, is adjacent to the companies' West Ridge underground mine. The companies project the West Ridge mine to operate at a level of approximately three million tons of coal per year.

In addition to the bonus bid, the companies will pay annual rental of $4,941, and an eight percent royalty on all future coal mined from the tract. Half of the bonus bid, as well as half of all rental and royalties collected, will be transferred to the State of Utah.

Andalex Resources, Inc. and Intermountain Power Agency were the only companies to submit a sealed bid at the Dec. 12, coal lease sale held in Salt Lake City.

Print PageEmail PageShareGet Reprints

Top of Page

Local News  
December 25, 2001
Recent Local News
Quick Links
Subscribe via RSS
Related Articles  
Related Stories

Best viewed with Firefox
Get Firefox

© Emery County Progress, 2000-2008. All rights reserved. All material found on this website, unless otherwise specified, is copyright and may not be reproduced without the explicit written permission from the publisher of the Emery County Progress.
Legal Notices & Terms of Use    Privacy Policy    Advertising Info    FAQ    Contact Us
  RSS Feeds    News on Your Site    Staff Information    Submitting Content    About Us