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Company bids less than penny per ton in biggest U.S. coal sale in more than decade

BILLINGS, Mont. — A Navajo tribe-owned company bid $186,000 to lease 167 million tons of coal on federal lands in southeastern Montana on Monday in the biggest U.S. coal sale in more than a decade. The offer from the Navajo Transitional Energy Co. (NTEC) equates to one-tenth of a penny per ton, underscoring coal’s diminished […]


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