Posted: Jan 26, 2013 5:19 PM by AP posted by Juice Godfrey
CANON CITY, Colo. (AP) - Texas and Oklahoma Coal Co. plans to explore for coal in Las Animas County in southern Colorado.
The Bureau of Land Management said Friday that the company has filed a coal exploration license with the agency for roughly 25 square miles. The BLM says that after a 30-day notice period, it will begin an environmental assessment analyzing the company's proposed exploration drilling plans.
Once the company has more information on the coal resources in the area, it could apply for a lease to recover them, which would require another environmental assessment.
Texas and Oklahoma Coal was formed by Australian coal and investment professionals in 2011 to develop North American coal resources for export.