LB - Felice Soldwedel Unit20 728x90

Home | Classifieds | Place an Ad | Public Notices | Galleries | Milestones | Contact Us | Subscribe | e-newsletter | RSS |
Navajo-Hopi Observer | Flagstaff, Arizona

home : latest news : latest news August 23, 2016

4/9/2013 10:23:00 AM
Navajo Nation to spend additional $2.3 mil to investigate buying Navajo Coal Mine
Last year Navajo Mine supplied 8.1 million tons of coal to Four Corners Power Plant, which made $40 million for Navajo Nation

WINDOW ROCK, Ariz. - The Navajo Nation will spend another $2.3 million to look into whether buying the Navajo Mine coal mine would be economically beneficial and keep Navajos employed.

Navajo Nation President Ben Shelly signed legislation April 3 allowing money from the Undesignated Unreserved Fund Balance to pay for continuation of a due diligence investigation.

"We are in times unlike any other with federal budget cuts, reduced revenue and taxes. We must consider investments that could help sustain critical programs that help our people," Shelly said. "The due diligence investigation will help us learn all we need to know to make an informed decision about acquiring Navajo Mine."

Navajo Mine is the sole provider of coal to Four Corners Power Plant, which Arizona Public Service (APS) owns. APS officials estimate that Four Corners Power Plant would need about six million to eight million tons of coal per year to continue to operate beyond 2016. Last year, Navajo Mine supplied about 8.1 million tons of coal to Four Corners Power Plant, which generated more than $40 million for the Navajo Nation.

The Navajo Nation hasn't decided to buy Navajo Mine yet.

"At this point, I need to know more information about the entire operation of the mine," Shelly said. "I also want to know how are we going to pay for the mine, if we decide we want to buy it. And, I want us to think far into the future and consider other technologies for clean coal. We need to look ahead and see how we can make use of our resources."

The Navajo Nation began considering buying Navajo Mine after Four Corners Power Plant and Navajo Mine owners could not agree upon a coal price.

Shelly said protecting the jobs of about 800 Navajo people who work at the mine and power plant is a priority.

"If acquiring Navajo Mine can protect those existing jobs, it is my duty as president to ensure that we at least consider the proposal," he said. "We have to protect jobs."

If the Navajo Nation acquired the mine by June 2013, the current owner, BHP Billiton, would continue to manage the mine until 2016.

The Navajo Nation would buy all shares of BHP Navajo Coal Company, then merge the coal company with a Navajo company yet to be determined. The Navajo owned company would receive all equipment, improvements, workforce, tangible and intangible intellectual property rights and permits.

    Recently Commented    
Mapmaker continues quest to document indigenous cultures
New documentary focuses on Native American veterans on Navajo Nation
Letter to the editor: Where do children learn to speak fluent Navajo?
Delegate Edmund Yazzie continues work for Thoreau, N.M. clinic
Pirates of the Navajo Nation under attack

Reader Comments

Posted: Tuesday, April 16, 2013
Article comment by: Thomas Garven

Every morning I read at least 20 stories about where the energy industry is heading and I can tell you with some authority that coal is being phased out as we speak. More than 100 coal burning power plants were either closed or converted to natural gas in just the last 2 years.

The EPA is planning and moving forward with plans to make the power generated at the 4 corners units too expensive to use since hundreds of millions in new emission control devices will be needed.

Forward thinking investors are putting their money where most people want it to be invested and that means renewable energy systems. More than 70% of Arizona residents and over 80% of all Americans want more money spent on renewable energy like wind and solar. The days of old king coal reining supreme are numbers and a wise investment team would be considering something else.

Article Comment Submission Form
Comments are not posted immediately. Submissions must adhere to our Use of Service Terms of Use agreement. The email and phone info you provide will not be visible to the public. Rambling or nonsensical comments may not be posted. Comments are limited to 1300 characters or less. In order for us to reasonably manage this feature we may limit your comment entries to five(5) per day.
Submit an Article Comment
First Name:
Last Name:
Anti-SPAM Passcode Click here to see a new mix of characters.
This is an anti-SPAM device. It is not case sensitive.

Advanced Search

HSE - We want to hear from you
Find more about Weather in Flagstaff, AZ
Click for weather forecast

Submission links
 •  Submit site feedback or questions

Find It Opinions Features Submit Extras Other Publications
Home | Classifieds | Place an Ad | Public Notices | Galleries | Milestones | Contact Us | Subscribe | e-newsletter | RSS | Site Map
LB - Felice Soldwedel Unit20 728x90

© Copyright 2016 Western News&Info, Inc.® The Navajo-Hopi Observer is the information source for the Navajo and Hopi Nations and Winslow area communities in Northern Arizona. Original content may not be reprinted or distributed without the written permission of Western News&Info, Inc.® Navajo-Hopi Observer Online is a service of WNI. By using the Site, ®, you agree to abide and be bound by the site's Terms of Use and Privacy Policy, which prohibit commercial use of any information on the site. Click here to submit your questions, comments or suggestions. Navajo-Hopi Observer Online is a proud publication of Western News&Info Inc.® All Rights Reserved.

Software © 1998-2016 1up! Software, All Rights Reserved