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

BILLINGS, Mont. (AP) — 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. Federal officials did not immediately say if they would accept the offer. It was ...