New Mine Assets

In October 2019, NTEC acquired the assets of Cloud Peak Energy through a bankruptcy auction process.  These include three coal mines in the Powder River…
Lauren Burgess
December 14, 2020

Rare Earth Investment

NTEC acquires interest in Texas Minerals Corp. to invest in rare earth minerals project near El Paso, Texas. Rare earth minerals are needed to build…
Lauren Burgess
December 14, 2020

Ownership of Four Corners

NTEC finalized the acquisition of seven-percent ownership of Four Corners Power Plant, a 1,550 MW power plant. This makes NTEC the only tribal company in…
Lauren Burgess
December 14, 2020

Four Corners Settlement

NTEC settles contractual dispute with Four Corners Power Plant owners. NTEC received $55 million in the settlement. NTEC used the settlement to pay off the…
Lauren Burgess
December 14, 2020

First Reclamation Award

NTEC receives the Western Regional Excellence in Surface Coal Mining Reclamation award from the Office of Surface Mining Reclamation and Enforcement.
Lauren Burgess
December 14, 2020

New Mine Operator

NTEC names North American Coal Corp. as the new Navajo Mine operator.  North American Coal forms Bisti Fuels LLC to operate Navajo Mine.  Bisti assumes…
Lauren Burgess
December 14, 2020

Lease Extension

Department of Interior and the Office of Surface Mining Reclamation and Enforcement issue a record of decision approving a 25-year site lease extension for Navajo…
Lauren Burgess
December 14, 2020

NTEC Creation

The Navajo Nation creates NTEC under Navajo law as an autonomous commercial entity to “promote the development of the Navajo Nation’s resources and new sources…
Lauren Burgess
December 14, 2020