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Navajo Nation weighing purchase of coal mine in New Mexico
coal
energy
navajo
new mexico
Posted: Tuesday, April 30, 2013
The
Navajo Nation
has until July 1 to decide whether to purchase a coal mine on the New Mexico portion of the reservation.
The asking price for the Navajo Mine is $85 million.
BHP Billiton
operates the facility on land leased from the tribe near Farmington.
The mine so far has generated $40 million for the tribe, President Ben Shelly said. Owning it outright could generate more revenues.
The
Navajo Nation Council
voted to create a limited liability corporation that would acquire the mine.
Get the Story:
Navajo Nation forms company to run NM coal mine
(AP 4/30)
Navajo Nation forms company to run NM coal mine
(KUNM 4/30)
Related Stories:
Navajo president delivers annual State of the Nation address
(04/16)
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