Moseley’s announcement came during a panel session at the 2016 Navajo Nation Economic Summit. NTEC was a participant and sponsor at the summit.
NTEC CEO Clark Moseley makes a presentation at the 2016 Navajo Nation Economic Summit. According to a study from Arizona State University, the Navajo mine and Four Corners Power Plant could have
a $2.45 billion impact to the Navajo economy through 2041.
“Most of the contributions came by way of taxes and royalties,” Moseley said during his presentation. Moseley was a panelist at the “Energy Resource Development” session during the four-day conference.
NTEC is a Navajo tribally owned company that owns and manages the Navajo mine in northwestern New Mexico, which supplies coal to the nearby Four Corners power plant.
Moseley’s presentation provided general information about NTEC’s operations that included management of the Navajo mine, and plans to start investing into clean, renewable and alternative energy projects. As part of its charter, NTEC is mandated to invest into clean energy projects.
During the question and answer portion of the session, Navajo Nation Speaker LoRenzo Bates asked Moseley and the other panelist how they plan to create opportunities for businesses on the Navajo Nation.
Moseley said the Navajo mine is transitioning the role of mine operator from BHP Billiton to North American Coal Corp., and many of the contracted services will be reviewed in the
“This year, we will be transitioning to renew or establish new contracts for services at the Navajo mine,” Moseley said. He added that the Navajo mine spends about $1 million a month for contract services such as maintenance supplies, janitorial, steam cleaning, sand blasting, and other mine oriented services.
“I would encourage business to be on the lookout for that the opportunity is ripe for this year for establishing new relationships going forward,” Moseley said.
In earlier public meetings, Moseley said NTEC with North American Coal will comply with the Navajo Nation Business Opportunity Act and the Navajo Preference in Employment Act.
Other panelist included Bidtah Becker, Navajo Nation Natural Resources director, and Derek Dyson, Navajo Tribal Utility Authority consultant.