Auction of mining properties deferred

The auction for mining properties set for yesterday was postponed and will now be held on August 11, the Guyana Geology and Mines Commission (GGMC) said.

Lotteries for medium scale parcels of land will also be held in the six mining districts following the auction. In an ad in the Stabroek News yesterday, the GGMC said that the auction of the medium-scale parcels of land will be now be held on August 11 at 10am at the Guyana Girl Guides Association building on Brickdam.

The ad said that interested persons must consult the relevant maps which are on display at the GGMC head office, mining stations and at the Guyana Gold and Diamond Miners Association office, to ascertain their area of interest. Persons can also acquire copies of the auction maps at the cost of $3000 per sheet.

The ad said that successful bidders will be required to pay the bid price plus 3% auction dues immediately at the end of the auction. No late payments will be accepted. Allottees are required to file an application for the block awarded by September 17, 2014 or the award will be considered to have lapsed.

Bidding for properties will commence at $60 000 per acre and increase by $10 000 increments. All applicants must be Guyanese citizens, 18 years or older at the time of application. Registered companies where all beneficial owners are Guyanese citizens can participate in the auction. The GGMC said that allocations are final and pointed out that blocks …..To continue reading, login or subscribe now.

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