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Related: About this forumFeds grant Utah's largest coal producer a royalty discount worth up to $19 million
Retweeted by Kenwardjr: https://twitter.com/Kenwardjr
Slashed royalty rates! Publicly-funded lawsuits! No tax payments, no problem!
A snapshot of how federal, state and local governments are subsidizing dirty #coal in Utah.
https://twitter.com//status/993587062283554816
Feds grant Utahs largest coal producer a royalty discount worth up to $19 million for mining hard-to-reach deposits
By Brian Maffly
Published: 1 day ago
Updated: 22 hours ago
Utahs largest coal mine is getting a fee discount worth up to $19 million after the Bureau of Land Management authorized a royalty reduction in recognition of unspecified difficulties the company faces in extracting certain deposits of coal.
The BLM quietly granted the reduction on March 6, lowering the standard 8 percent royalty rate to 5 percent on 15.1 million tons of coal extracted from the Sufco Mine on the Wasatch Plateau, where Utahs Sevier, Sanpete and Emery counties come together.
The BLM decision, which represents a substantial loss of revenue that would otherwise go to local governments, cited significant and unique adverse geologic conditions, but gave no further explanation of why such a generous reduction is warranted, presumably to protect propriety information submitted by the mines owner, Bowie Resource Partners.
The rate reduction is retroactive to Nov. 1, 2017, and expires after six years, according to the decision notice BLM Utah state director Ed Roberson sent to Sufco general manager John Byars. The document was recently filed with the Utah Division of Oil, Gas and Mining (DOGM), which oversees coal mining.
....
bmaffly@sltrib.com
@brianmaffly
By Brian Maffly
Published: 1 day ago
Updated: 22 hours ago
Utahs largest coal mine is getting a fee discount worth up to $19 million after the Bureau of Land Management authorized a royalty reduction in recognition of unspecified difficulties the company faces in extracting certain deposits of coal.
The BLM quietly granted the reduction on March 6, lowering the standard 8 percent royalty rate to 5 percent on 15.1 million tons of coal extracted from the Sufco Mine on the Wasatch Plateau, where Utahs Sevier, Sanpete and Emery counties come together.
The BLM decision, which represents a substantial loss of revenue that would otherwise go to local governments, cited significant and unique adverse geologic conditions, but gave no further explanation of why such a generous reduction is warranted, presumably to protect propriety information submitted by the mines owner, Bowie Resource Partners.
The rate reduction is retroactive to Nov. 1, 2017, and expires after six years, according to the decision notice BLM Utah state director Ed Roberson sent to Sufco general manager John Byars. The document was recently filed with the Utah Division of Oil, Gas and Mining (DOGM), which oversees coal mining.
....
bmaffly@sltrib.com
@brianmaffly
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Feds grant Utah's largest coal producer a royalty discount worth up to $19 million (Original Post)
mahatmakanejeeves
May 2018
OP
Wellstone ruled
(34,661 posts)1. So Bob the Killer Murphey
gets 19 million pay off. Wow,most likely the money will come from the State Education Fund. Hatch and Lee paying off their largest donors? Include Bishop,Stewart,Love and the stooge who replace Chavettz?
Yup,got to build that Coal Dock in LA.
kacekwl
(7,010 posts)2. When the fuck is anyone going to subsidize me ?
Where is my billion dollar tax break ? Why do I have to pay taxes every year ? Screw it all to hell.