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NTEC Owes Taxes on Cloud Peak Legacy Coal Mines-The 21st China (Guangzhou) Int’l Spring Industry Exhibition
3/3/2020 彈簧展- Spring Industry Exhibition-Spring expo |
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The New owner of Spring Creek Mine owes USD 4.4 million in back taxes in Montana and USD 10 million in federal royalty payments for coal mined in Montana and Wyoming. Navajo Transitional Energy Company says it is negotiating payment plans for state and federal taxes on mines it purchased last fall in the bankruptcy sale of Cloud Peak Energy. The company objected to records-based reporting that indicated NTEC taxes are unpaid and past due. T said “NTEC has made all royalty and tax payments since acquiring the Montana and Wyoming mines on October 24, 2019. The assertion that NTEC is behind on payments if factually incorrect.”
NTEC went on to say that taxes owed to the federal government were accumulated under Cloud Peak and that the Department of the Interior is now doubling down on receipt of delinquent payments, which NTEC said it has agreed to pay in instalments.
Spring Creek is Montana’s largest coal mine. The mine, which employs 300 people, shut down briefly in October after NTEC, which is wholly owned by the Navajo Nation, declined to waive the sovereign immunity granted federally recognized American Indian tribes. Without the waiver, Montana’s Department of Environmental Quality was concerned it wouldn’t be able to enforce cleanup of the mine if NTEC failed to do so.
The mine reopened after DEQ agreed Spring Creek could continue to operate under the permitting and bonding of Cloud Peak. The matter still isn’t settled. Navajo Nation has decided not to lend its full faith and credit to secure bonding of the mines. NTEC has said it can bond the mines without the support of Navajo Nation and will address Montana’s sovereign immunity concerns. The state has given NTEC two grace periods to straighten out the bonding issue, the latest 65-day extension was granted Jan. 7, a day before the first extension expired. NTEC has until March.
彈簧展-2020第二十一屆廣州國際彈簧工業展覽會-全球最大彈簧展會-巨浪展覽
-The 21st China (Guangzhou) Int’l Spring Industry Exhibition
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