The Bureau of Land Management announce that Coteau Properties Company of Beulah, N.D., was awarded a lease to mine 18.3 million t of available federal coal across 1070 acres for US$106 292 at Freedom Mine in Mercer County, N.D.
The mine will also generate annual rental fees of US$3 per acre and a 7% royalty payment on coal produced. Royalties paid will be shared evenly between the State of North Dakota and the U.S. Treasury. These leases support energy independence, rural economic development, and fiscal responsibility, all while ensuring fair returns for US taxpayers.
“Through this sale, the BLM is delivering on its commitment to responsibly manage America’s energy resources,” said BLM Montana/Dakotas State Director Sonya Germann. “By cutting red tape and opening access to coal reserves, we’re supporting domestic energy production, local jobs, and sustainable economic growth.”