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A Navajo company won a major Montana coal lease with a minimal bid, reflecting declining coal demand despite political support.
A Navajo tribe-owned company, Navajo Transitional Energy Co., won a federal coal lease in Montana with a $186,000 bid for 167 million tons of coal—less than a tenth of a penny per ton—marking the largest U.S. coal lease sale in over a decade.
The bid, the only one received, was for land in the Powder River Basin, a major coal-producing region.
The coal is near the Spring Creek mine, supplying five power plants set to phase out coal within the next decade.
Despite President Trump’s push to expand coal and ongoing fossil fuel leasing during a government shutdown, experts say declining demand and the shift to natural gas and renewables make large-scale mining unlikely.
Another lease sale is planned in Wyoming.
Una compañía Navajo ganó un importante contrato de arrendamiento de carbón en Montana con una oferta mínima, lo que refleja la disminución de la demanda de carbón a pesar del apoyo político.