Direct Sale of Public Lands in Lyon County, NV

The Bureau of Land Management (BLM), Sierra Front Field Office, proposes a non-competitive (direct) sale of 2,062.42 acres of public lands to Atlantic Richfield Company (ARC) at no less than fair market value (FMV). The direct sale includes the underlying mineral estate. The BLM administers these public lands, which are located within and adjacent to the Anaconda Copper Mine Site (ACMS). The BLM will conduct the sale under applicable provisions of the Federal Land Policy and Management Act of 1976, as amended (FLPMA) and BLM land sale regulations. The FMV is $760,000 as appraised under the Uniform Standards of Professional Appraisal Practice (USPAP) for the sale parcels. The FMV presented in the appraisal is less than current remediation expenditures and the future remediation cost forecast. The conclusion is the subject has no market value based on the most reliable information provided.