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• (2), the proposed lease is necessary because mining operations <br />existing on September 27, 1977, are being conducted that could remove <br />the coal deposit as part of an orderly mining sequence; and the size, <br />location, or physical characteristics are such that removal of the coal <br />reserves sought to be leased, except in conjunction with ongoing op- <br />erations, would (a) involve costs defnonstrably so high that it would not <br />be sufficiently profitable to develop the deposit in the reasonably <br />foreseeable future or (b) significantly increase environmental damage. <br />the extent of the proposed lease cannot be greater than necessary to <br />provide coal for five years in the future at the average annual level of <br />production existing as of September 27, 1971. <br />• If the bidder is other than the applicant, the documents purporting to <br />Meet the criteria must be enclosed with the sealed bid. <br />kARNING TO BIDDERS: No bids received after 2:00 P.M., August 7, 1979, <br />will be considered. In the event of tying bids, the tying bidders will <br />be allowed to submit additional oral bids to break the tie. Sealed bids <br />may not be modified or withdrawn unless such modification or withdrawal <br />is received before 2:00 P.M., August 7, 1979, at Roam 700, Colorado <br />State Bank Building, Denver, Colorado. The Department of the Interior <br />reserves the right to reject any and all bids and also the right to <br />offer the lease to the next highest qualified bidder if the successful <br />t~idder fails to obtain the lease for any reason. If any bid is re- <br />,iected, the deposit made on the day of the sale will be returned. The <br />• successful bidder is obligated to pay for the newspaper publicaticns of <br />this notice. <br />wr <br />