Guyana's mining commission warns against resale, transfer of lands

The Guyana Geology and Mines Commission (GGMC) has warned against the unauthorised resale and transfer of mining lands that the Commission granted to tenure holders.

In a release, the GGMC said mining lands are given to individuals and companies for a specific purpose: mining, as outlined in their original application and under the laws and conditions attached to that grant. The Commission said tenure holders should not sell, assign, or otherwise transfer these lands unless the law allows it.

The GGMC also cautioned against using Irrevocable Powers of Attorney (IPOAs) to sell, transfer, or acquire mining lands. It explained that an IPOA on its own is not proof that someone owns or legally holds mining property, and urged people to be careful before relying on one in any land deal.

Still, the Commission acknowledged there are legitimate ways for investors, miners, and other stakeholders to work together on mining properties. The GGMC said Joint Venture arrangements are among the lawful options that allow parties to collaborate, occupy the land properly, and put it to productive use. However, the body said any such arrangement must be properly documented and submitted to the Commission for approval.

The GGMC is advising anyone considering a deal involving mining lands to check with the Commission first, before signing anything or handing over money. It warned that private agreements, powers of attorney, receipts, and similar documents are not proof, on their own, that someone has the legal right to sell or transfer a mining property.

The Commission said it remains focused on making sure mining lands are used for their intended purpose, protecting the integrity of the tenure system, and ensuring Guyana's mineral resources are developed responsibly and transparently.

It added that it will continue monitoring the issue and will take regulatory action where necessary to protect people from unauthorized or irregular land deals.

The GGMC reiterated its advisory to all tenure holders: mining lands granted for mining should not be sold or purportedly sold, and IPOAs should not be treated as proof of ownership.

Anyone with questions about mining tenures, Joint Ventures, or proposed land transactions is encouraged to contact the GGMC directly.