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A Wyoming first: No bids for coal mining tract in Powder River Basin http://apocadocs.com/s.pl?1377268673
At 10 a.m. on Wednesday, U.S. Bureau of Land Management employees in Cheyenne gathered to unseal envelopes containing bids and checks from coal companies hoping to score the rights to dig in the Powder River Basin.
But there were no envelopes to open. No companies bid on the coal lease, said BLM spokeswoman Beverly Gorny.
"This is the first time it's happened in Wyoming," she said.
Minutes later, Gillette-based Cloud Peak Energy Inc., which owns the mine that had first asked the federal government to lease the coal tract nearly seven years ago, released a statement saying mining the coal wasn't economical.
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[Read more stories about:
anthropogenic change, climate impacts, coal issues, carbon emissions]
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