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gJ <br />- <br /> .,. <br /> <br /> <br />iii iiiiiiiiiiiiiiii <br />Es/ F- 0:71 ~' zoov <br />Colo. firms awarde leases <br />in state's large st coal sale <br />By Steve Raabe ing permits in the area until an <br />~ <br />Denver Post Business Writer environmental impact stale- ~ <br />Two Colorado mining firms ment was completed. <br />have signed western Slope coal "Obviously we're pleased <br />~ <br />leases representing an estimat- with the BLM's successful rnm- <br />~d;880 million in coal, the lazg- pletian of the coal Icase sales,"~ ~.' <br />est coal sale in Colorado histo- said Stuart Sanderson, president <br />ry. of the Colorado Mining Assacia- <br />Bowie Resources and Oxbow lion. He said the expansion of <br />Mining were the high bidders for the mines indicates strong na- - <br />Bureau of Land Management tional demand for Colorado <br />leases of a combined 54 million coal, which has high energy con- <br />tohs of coal neaz Paonia. tent and a law amount of sulfur' <br />,~. The slate of Colorado will compared with coal found in <br />collect more than;44 million in some other slates. ; <br />s..royalties and bonuses from the Bowie Resources submitted a <br />underground mine production ' bid of ;10.3 milliaD for 3,211 <br />over the nett five to eight acres of coal reserves. Oxbow .~ <br />years. Mining bid;8.7 million for 4,444 <br />The new leases represent ex- acres. Reserves for Bowie's •" <br />passion of. currently operating Iron Point tract are estimated '; <br />mines: Bowie Resources' No. 2 at 32.6 million tans; Oxbow's <br />mine, the state's fifth largest Elk Creek tract has anticipated <br />rnal mine; and Oxbow Mining's reserves of 20.9 million tons. ,"' ~ <br />Sanborn Creek mine. The combined 519 million in;,. <br />The leases were awarded af- bids represents the largest <br />ter a local controversy that "coal resources bonus" collect-' <br /> <br /> <br /> ` <br />•~ <br /> a <br />