Navajo Nation company buys New Mexico coal mine

January 1, 2014 • State News

FARMINGTON, N.M. (AP) — A company owned by the Navajo Nation finished its purchase of a northwestern New Mexico coal mine the same day an Arizona utility took ownership of a California utility’s stake in a power plant that gets its fuel from the mine.

BHP Billiton completed the $85 million sale of the Navajo Mine near Farmington to the Navajo Transitional Energy Co. LLC on Monday. The mine produces 8.5 million tons of coal annually.

BHP will continue to operate the mine until Login to read more

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