financetom
Business
financetom
/
Business
/
US postpones Wyoming coal lease sale after disappointing Montana auction
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
US postpones Wyoming coal lease sale after disappointing Montana auction
Oct 9, 2025 11:28 AM

(Reuters) -The Trump administration has postponed a scheduled sale of coal leases on federal lands in Wyoming two days after a disappointing auction in Montana, an Interior Department spokesperson said on Wednesday.

The Bureau of Land Management, a division of Interior that manages 245 million acres of federal lands, had been expected to keep processing permits and leases for oil, gas and coal operations during the government shutdown, according to contingency plans published last week.

A sale of 3,508 acres of federal coal reserves in Wyoming's Campbell and Converse counties had been scheduled for Wednesday morning. The lease area contains 365 million tons of recoverable coal. Interior said it would post a new date for the sale but did not give a reason for the postponement.

BLM held a lease sale for 1,262 acres in Big Horn County, Montana on Monday that attracted one bid from the Navajo Transitional Energy Company, which operates the nearby Spring Creek Mine.

The bid of $186,000 for a lease with an estimated 167.5 million tons of recoverable coal equates to less than a penny per ton. The Interior Department blamed the administrations of former Presidents Joe Biden and Barack Obama, both Democrats, for the weak industry interest.

"While we would have liked to see stronger participation, this sale reflects the lingering impact from Obama and Biden's decades long war on coal which aggressively sought to end all domestic coal production and erode confidence in the U.S. coal industry," the Interior Department said in a statement.

"Fortunately, President Trump and his Administration are rebuilding trust between industry and government as part of our broader effort to restore American Energy Dominance."

Obama and Biden had toughened environmental regulations on coal to reduce pollution and climate impact, and encourage a transition to renewable energy sources.

BLM has not yet accepted the NTEC bid because under the leasing process it first must determine whether it represents fair market value.

NTEC had argued in sale documents that the fair market value of the coal should be close to the minimum bid of $100 per acre required by law. The company did not respond to requests for comment.

President Donald Trump has vowed to revive coal leasing on federal lands so coal can fuel more of the nation's soaring electricity demand tied to artificial intelligence.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Newark airport's control tower evacuated after burning smell, FAA says
Newark airport's control tower evacuated after burning smell, FAA says
Mar 23, 2026
WASHINGTON, March 23 (Reuters) - The control tower at Newark airport outside New York City was temporarily evacuated and officials ordered a ground stop on Monday morning after a burning smell, the FAA said. Arrivals and departures are temporarily paused at Newark Liberty International Airport in New Jersey after air traffic controllers evacuated the tower because of a burning smell...
Enlivex Gets Investigational New Drug Clearance in US for Phase 2b Trial of Knee Osteoarthritis Treatment
Enlivex Gets Investigational New Drug Clearance in US for Phase 2b Trial of Knee Osteoarthritis Treatment
Mar 23, 2026
08:34 AM EDT, 03/23/2026 (MT Newswires) -- Enlivex ( ENLV ) said Monday it obtained investigational new drug clearance from the US Food and Drug Administration to begin a phase 2b trial of Allocetra, a potential treatment for moderate-to-severe age-related symptomatic primary knee osteoarthritis. The phase 2b trial will evaluate the efficacy and safety of intra-articular injections of the treatment,...
LaGuardia Airport Closed After Air Canada Express CRJ900 Collides With Firefighting Vehicle, Killing Two Pilots and Canceling 500 Flights
LaGuardia Airport Closed After Air Canada Express CRJ900 Collides With Firefighting Vehicle, Killing Two Pilots and Canceling 500 Flights
Mar 23, 2026
08:37 AM EDT, 03/23/2026 (MT Newswires) -- LaGuardia Airport was closed early Monday after an Air Canada Express regional jet struck an airport firefighting vehicle on the runway late Sunday, killing two pilots and injuring dozens, the Federal Aviation Administration said. The Bombardier CRJ900, operated by Jazz Aviation as Flight AC8646 from Montreal, collided with the vehicle around 11:40 p.m....
Lexicon Pharmaceuticals, Novo Nordisk Report Initiation of Phase 1 Study of Potential Obesity Treatment
Lexicon Pharmaceuticals, Novo Nordisk Report Initiation of Phase 1 Study of Potential Obesity Treatment
Mar 23, 2026
08:38 AM EDT, 03/23/2026 (MT Newswires) -- Lexicon Pharmaceuticals ( LXRX ) and Novo Nordisk ( NVO ) said Monday that Novo Nordisk ( NVO ) has initiated a phase 1 study with LX9851 as a treatment for obesity and associated metabolic disorders. The companies said Lexicon earned a second $10 million milestone payment in 2026 from Novo Nordisk (...
Copyright 2023-2026 - www.financetom.com All Rights Reserved