Adamantium Holdings bids for Govt contracts

Adamantium Holdings is now in the running to secure millions from the Public Security Ministry.

Adamantium Holdings was recently named top local gold producer of 2015 when

GWI Managing Director, Dr Richard Van West-Charles

the Natural Resources Ministry in concert with the Guyana Geology and Mines Commission (GGMC) held an award ceremony at the Guyana Pegasus on Sunday to kick off the week-long festivities of Mining Week 2017.

The mining company had been prominent in the news recently when it was discovered that both Adamantium and Atlantic Fuels Inc shared several close connections with Government officials.

The two companies also share the same Kingston, Georgetown address, with Atlantic Fuels Inc securing an import/wholesale licence for fuel to supply, in part, the mining operations.

Bids were opened on Tuesday at the National Procurement and Tender Administration Board (NPTAB), housed at the Finance Ministry.

Among the contracts that had been advertised that attracted significant attention

Adamantium Holdings, Lot 16 Sublot ‘A’ Mudlot, Kingston, Georgetown

was the rehabilitation of the Alberttown Police Station estimated to cost some $20.9 million.

Adamantium is among the bidders for that project with a bid of $20.5 million while the lowest bidder came in at $17 million.

Adamantium Holdings was also among the featured bidders for the rehabilitation of the Sparendaam Police Station, estimated to cost some $14.9 million.

The lowest bidder came in at $11.8 million, with Adamantium Holdings Inc coming in at $15 million.

The company has since 2015 become a regular feature across a number of industries outside of mining.

Other bids opened at the NPTAB on Tuesday related to rehabilitation of the Mahaicony Police Station.

Back in September 2015, the company had set its sights on rehabilitation/repairs of roads from the Brian Sucre junction to Mahdia, Region Eight (Potaro-Siparuni).

The company had submitted a $40 million bid at the time.

Adamantium Holdings, in conjunction with Atlantic Fuels Inc, are also premier suppliers of fuel for interior mining operations, with one of its Directors being the GWI Managing Director, Dr Richard Van West-Charles.

The companies were granted fuel licences by the Guyana Energy Agency (GEA) under questionable circumstances when it was discovered that the company did not meet the minimum requirements under the laws.