Minerals Auction Benefits Public Schools

Jan. 10, 2022 – Idaho Public Schools will benefit from competitive bidding after an Idaho Department of Lands (IDL) public auction held Jan. 6, generated $835,000 in premium bids on two sand and gravel leases located on public school endowment land south of Boise, according to Big Country News. The public auction took place at the IDL Southwest Supervisory Area Office in Boise. Five bidders registered to bid on a 78-acre parcel (Mineral Lease E600102) with ASG Resources LLC coming in as the high bidder. ASG won the auction with a bid of $500,000. Four bidders registered to bid on a 62.2-acre parcel (Mineral Lease E600103) with Central Paving Co. Inc. coming in as the high bidder. Central Paving Co. won the auction with a bid of $335,000. “Resources from Idaho’s Endowment Lands are in high demand across every corner of the state,” said IDL Director Dustin Miller. “Bidding like we saw today is a win for our public schools, Idaho’s taxpayers and our economy.”