candycorn
Diamond Member
I heard the story. Part of the reason was that the Federal Government was not getting the expected royalties from the miners; sometimes as low as 2% (Regular and customary is 15%).
Rest of the story at US News and World Report.
Coal leasing generated about $1.2 billion for the government in 2014, but a Government Accountability Office report the previous year suggested lease and royalty rates significantly lowballed coal's market value.
Rest of the story at US News and World Report.