Documents to be presented before any transaction can be completed with the GGMC
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Overview

The holder of a Prospecting License shall not transfer, assign or sublet the Prospecting License or any portion of the rights granted thereunder without the prior consent of the Commissioner.

Who can apply for a PL?

  1. An individual who is a citizen of Guyana and an adult
  2. A company within the meaning of the Companies Act
  3. A public Corporation
  4. A co-operative society registered under the Co-operative Societies Act
  5. Any other corporate body incorporated in or outside Guyana, including a company established outside Guyana; or
  6. Any organization established by the Government or by or under written law in operation in Guyana and authorized to carry on mining operations 

Requirements 

  1. Prospecting License holder(s) must submit to the Land Management Division requesting the transfer. 
  2. Completed Form 9
  3. Fee to be determined by the Commissioner 
  4. Rental payment in good standing
  5. All required documentation submitted (who can apply for PL)

Procedure

  1. Upon receipt of the application for transfer, AO verifies whether the License is in good standing. 
    • If all conditions are not satisfied at this stage, the applicant is advised and allowed to submit additional information/make the rental payment.
    • If all conditions are satisfied at this stage, AO informs the applicant to pay the transfer fee determined by the Commissioner. 
  1. Upon receipt of the transfer fee, the application is forwarded to the Cartographic Section for registration and verification for the change in the Mineral Properties database. 
  2. AO through the LAM forwards the application to transfer to GSD for review to ensure all geological reports about the PL are submitted and to verify the Technical and Financial capability of the transferee with respect to the proposed work Programme. 
    • If GSD is not satisfied that the requirements have been met, the License holder(s) are notified in writing of such, for the requisite actions.
    • If all requirements are met, the request is forwarded to the BOD for approval with the summary and GSD’s recommendation. The same must be signed by MGS and the Commissioner..
  3. The BOD reviews the application.
    • If the BOD approves the application, the designated Clerk prepares the ITT for publication.
    • If the BOD does not approve the application, the applicant is informed of the decision in writing.
  4. In the case of 4 (a), ITT is endorsed by the GIS Officer and returned to the Registry Unit for publication.
  5. ITT is sent for publication in the Official Gazette, and a period of 14 days from the date of publication is given for no objection by the general public.
  6. Following the objectionable period, providing that there are no objections, AO informs the applicant to submit their copy of the License for endorsement.
  7. AO endorses both copies of the Permit for the Commissioner’s signature, and the same is forwarded to the Commissioner through LAM.
  8. When signed, AO informs the transferee to uplift the newly endorsed License. 
  9. The new holder uplifts the License. 
  10. Records and the database are updated.

Transfer of Prospecting License [PL]