The Navajo Nation has signed an agreement to purchase Navajo Mine, west of Farmington, New Mexico, linking the tribe’s future to a decades-old coal mine whose sole customer faces increased scrutiny from federal regulators.
The tribe will take ownership of the mine Dec. 1. The mine’s current owner, London-listed mining giant BHP Billiton, will continue to operate Navajo Mine through 2016.
See http://durangoherald.com/article/20131031/NEWS01/131039881/-1/article/Navajo-Nation-inks-coal-mine-deal-.