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The Independent UK
The Independent UK
National
Matthew Brown

Company bids less than a penny per ton in biggest US coal sale in over a decade

Coal Donald Trump United States Montana

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 value even as President Donald Trump pushes to mine and burn more of the heavily polluting fuel.

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