- The NBA related to the minimum price set for gold blocks auction.
- Tenants who openly participate in sublease: Nab.
- KP Govt Auctioned Place Gold Blocks at High Prices: Gandapur.
The National Accountability Bureau (NAB), which expresses strong reservations above the minimum price set for auction of gold blocks along the rivers and the Kabul rivers, has stated that the province is suffering losses worth trillion. It has also exposed irregularities during gold research operations.
According to official documents from the provincial government, NAB is maintained tenants who openly participate in sublease and charge RS500,000 to RS700,000 per year. Excavator per Week. Their weekly income is estimated between RS750 million to RS1 billion, corresponding to trillion, while the government receives only a lean amount.
Main minister Khyber Pakhtunkhwa Ali Amin Gandapur told this correspondent that his government auctioned the location of gold blocks at high prices. Previously, the auction price of a single block was reached RS650 million, but his government set the minimum price of RS1.10 billion and sold four blocks for approx. RS4.6 billion for ten years. For the past 20 years, no auction had taken place and people had excited gold illegally, he said.
The main minister said the project was announced two to three times, but the bids were low. His government auctioned it to higher rates. He questioned why the study started in 2023 was stopped and who stopped it.
He said that when the auction was held, a letter was sent to Nab, and one of its officers was also present. He said all legal requirements were met. CM said the operations continue to stop illegal mining.
According to available documents, at a high-level meeting held at NAB headquarters on August 7 and participated by the top provincial officials, including chief secretary KP and secretarial minerals, NAB’s study was revealed reserve price for gold blocks deliberately incorrectly calculated. The 2015 survey from the National Center of Excellence in Geology, Peshawar, which had identified gold reserves ranging from 0.21 to 44.15 grams per day. Ton, was also ignored. Instead of following KP auction rules 2022, the department seized in favor of specific bidders.
Furthermore, the geological mapping project, launched in 2022 for new mineral resource dimates, was only stopped in November 2023 in the event of a place Gold, which raised suspicion of deliberately hidden. Previous auctions were also unsuccessful due to poor advertising that could not attract international investors.
The documents show under the auction rules, if an agreement is not completed within 14 days, the offer must be withdrawn. However, despite delays for months, contracts and awarding letters were issued. Mining even continued in November 2024 despite a residence order from Peshawar High Court.
Nab highlighted serious violations from tenants, such as not implementing environmental impact assessments, not obtaining NOCs from the Environmental Protection Agency, failing to install treatment facilities, not after utilization schemes, not submitting production or sales registers, dangerously using mercury and illegally employing undeveloped mines.
According to Nab, more than 1,500 excavators work illegally in the area. Tenants charge RS500,000 to RS700,000 per year. Excavator weekly and thus earns RS750 million for RS1.05 billion per day. Week. It is estimated that trillion is already earned, while the government is only getting a token amount.
Originally published in the news
