Powder R Coal Lease Auction Gets No Bids For 1st Time In Wyo. History

"CHEYENNE, Wyo. -- For the first time, nobody has bid on a federal coal tract offered for sale in Wyoming after the company that initially sought to mine the location determined that it couldn't do so profitably."

"The U.S. Bureau of Land Management held a coal lease sale in Cheyenne on Wednesday but received no bids.

Usually a federal coal tract offered for sale by the BLM receives exactly one bid — the one submitted by the company that applied to mine the coal. There are two competing bids very rarely."

Mead Gruver reports for the Associated Press August 22, 2013.

Source: AP, 08/23/2013