MARKETS

BLM rejects Kiewit's bid for Hay Creek II

THE US Bureau of Land Management in Wyoming has turned down a $US35 ($A37) million bid by Kiewit ...

Donna Schmidt
BLM rejects Kiewit's bid for Hay Creek II

The agency said the sealed-bid auction brought in the lowest top offer in 15 years. Nebraska-based Kiewit’s unsuccessful bid of $35,070,331.00 equated to 21c per mineable short ton.

In fact, the offer for the Campbell County tonnage was just a fifth of what mining operators paid for similar blocks just one year ago.

The BLM said all 151.5Mt of mineable coal, which is located along the northern and western lease boundary of Kiewit’s Buckskin mine about 12 miles from Gillette, are recoverable using surface mining methods.

The auction’s bids were opened September 18 at 10am local time at the BLM’s Cheyenne office.

The tract was offered for lease in response to a March 2006 lease by application filed by Kiewit.

The operator submitted the only sealed bid.

Had it had been awarded the lease, the lifespan of Buckskin could have been extended by as much as a decade.

The agency did not indicate if Hay Creek II will be rebid.

TOPICS:

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Monthly Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Monthly Intelligence team.

editions

ESG Mining Company Index: Benchmarking the Future of Sustainable Mining

The ESG Mining Company Index report provides an in-depth evaluation of ESG performance of 61 of the world's largest mining companies. Using a robust framework, it assesses each company across 9 meticulously weighted indicators within 6 essential pillars.

editions

Mining Magazine Intelligence Exploration Report 2024 (feat. Opaxe data)

A comprehensive review of exploration trends and technologies, highlighting the best intercepts and discoveries and the latest initial resource estimates.

editions

Mining Magazine Intelligence Future Fleets Report 2024

The report paints a picture of the equipment landscape and includes detailed profiles of mines that are employing these fleets

editions

Mining Magazine Intelligence Digitalisation Report 2023

An in-depth review of operations that use digitalisation technology to drive improvements across all areas of mining production