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Navajo Nation Bids $186K for Historic Coal Lease

10/7/2025

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Summary

Story summary

NTEC, a Navajo Nation tribal-owned company, bid $186,000 to lease 167 million tons of coal in southeastern Montana—the largest U.S. coal sale in over a decade.
The bid is at one-tenth of a penny per ton, reflecting coal's decline.
The Bureau of Land Management received only this bid, with no decision yet.
Previous sales commanded higher bids, signaling reduced demand.

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Story summary

NTEC, a Navajo Nation tribal-owned company, bid $186,000 to lease 167 million tons of coal in southeastern Montana—the largest U.S. coal sale in over a decade.
The bid is at one-tenth of a penny per ton, reflecting coal's decline.
The Bureau of Land Management received only this bid, with no decision yet.
Previous sales commanded higher bids, signaling reduced demand.