US coal miner, Arch Coal, has bid $86 million plus future royalties for the right to mine half a billion tons of coal at the Otter Creek tracts near Ashland in the American state of Montana. The miner already has the rights to a neighbouring tract of 731 million tons.
Last month, Arch refused to pay a $143 million royalty to mine the coal.
The Montana Land Board meets Thursday to consider Arch's bid.
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