[Federal Register: October 21, 1999 (Volume 64, Number 203)]
[Notices]               
[Page 56802]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr21oc99-85]                         

-----------------------------------------------------------------------

DEPARTMENT OF THE INTERIOR

Bureau of Land Management
[NM-930-1320-00; NMNM 99144]

 
Request for Public Comment on Fair Market Value and Maximum 
Economic Recovery; Lease by Application NMNM 99144

October 8, 1999.
AGENCY: Bureau of Land Management, Interior.

ACTION: Notice.

-----------------------------------------------------------------------

SUMMARY: The Bureau of Land Management requests public comment on the 
fair market value of certain coal resources it proposes to offer for 
competitive lease sale.
    The lands included in Coal Lease Application NMNM 99144 are located 
in San Juan County, New Mexico and are described as follows:

T. 30 N., R. 14 W., NMPM
    Sec. 17, All;
    Sec. 18, All;
    Sec. 19, All;
    Sec. 20, All;
    Sec. 29, All;
    Sec. 30, All;
    Sec. 31, Lot 1-4, N\1/2\N\1/2\S\1/2\;

    Containing 4,483.88 acres, more or less.

    The average thickness of the coal under consideration is about 12 
feet with an in-place of approximately 90 million tons.
    The public is invited to submit written comments on the fair market 
value and the maximum economic recover of the tract.
    In addition, notice is also given that a public hearing will be 
held on November 15, 1999, on the fair market value and maximum 
economic recovery of the proposed lease tract.

DATES: Comments must be received on or before November 22, 1999.

ADDRESSES: For more complete data on this tract, please contact Powell 
King or Ida T. Viarreal, Bureau of Land Management, New Mexico State 
Office, 1474 Rodeo Rd., Santa Fe, NM 87504.
    The public hearing will be held at 7:00 p.m. at the Farmington 
Field Office, 1235 La Plata Highway, Farmington, New Mexico.

FOR FURTHER INFORMATION CONTACT: Charlie F. Beecham, Team Lead Solid 
Minerals, (505) 599-6372.

SUPPLEMENTARY INFORMATION: In accordance with the Federal Coal 
Management regulations 43 CFR 3422 and 3425, not less than 30 days 
prior to the publication of the sale notice of sale, the Secretary 
shall solicit public comments on the fair market value appraisal, and 
maximum economic recovery and on factors that may effect these two 
determinations. Proprietary data marked as confidential may be 
submitted to the Bureau of Land Management in response to this 
solicitation of public comments. Data so marked shall be treated in 
accordance with the laws and regulations governing the confidentiality 
of such information. A copy of the comments submitted by the public on 
fair market value and maximum economic recovery, except those portions 
identified as proprietary by the author and meeting exemptions stated 
in the Freedom of Information Act, will be available for public 
inspection at the above address during regular business hours (9:00 
a.m. to 4:00 p.m.) Monday through Friday.
    Comments should be sent to Bureau of Land Management Farmington 
Field Office, 1235 La Plata Highway, Farmington, NM 87401 and should 
address, but not necessarily be limited to, the following Information:
    1. The quality and quantity of the coal resource;
    2. The mining method or methods, which would achieve maximum 
economic recovery of the coal, including specification of seams to be 
mined and the most desirable timing and rate of production.
    3. The quantity of coal;
    4. If this tract is likely to be mined as part of an existing mine 
and therefore be evaluated, on a realistic incremental basis, in 
relation to the existing mine to which it has the greatest value;
    5. If this tract should be evaluated as part of a potential larger 
mining unit and evaluated as a portion of a new potential mine (i.e., a 
tract which does not in itself form a logical mining unit);
    6. The configuration to the mining, which may affect coal recovery;
    7. Restrictions to the mining, which may affect coal recovery;
    8. The price that the mined coal could bring when sold;
    9. Costs, including mining and reclamation, of producing the coal 
and the time of production.
    10. The percentage rate at which anticipated income streams should 
be discounted, either in the absence of inflation or with inflation, in 
which case the anticipated rate of inflation should be given;
    11. Depreciation and other tax accounting factors:
    12. The value of any surface estate where held privately;
    13. Documented information on the terms and conditions of recent 
and similar coal land transactions in the lease sale acres; and
    14. Any comparable sales data of similar coal lands.
    The values given above may or may not change as a result of 
comments received from the public and changes in market conditions 
between now and when final economic evaluations are completed.
Carsten F. Goff,
Acting State Director.
[FR Doc. 99-27178 Filed 10-20-99; 8:45 am]
BILLING CODE 4310-FB-M