ALASKA'S NEWSPAPER

| Updated: 12:01 AM

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Nearly 10,000 acres up for coal leases in Chickaloon

An agency that raises funds to pay for mental health programs in Alaska will offer land in Chickaloon for coal leases.

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The Alaska Mental Health Trust says nearly 10,000 acres will be offered in a competitive lease process.

KTUU reported the leases were announced in a public notice on Friday. The trust said on its website that the area is believed to have high-quality bituminous coal.

The trust will receive $4 per acre for every year of the lease and 5 percent of the gross value of all coal mined and sold from the site.

The application deadline for leases will be Dec. 16, with a bid awarded possibly by the end of the calendar year.

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