Guyana’s principal wealth are the natural resources both inland and offshore along with its forest and the assets therein. The Government have been able to sustainably manage our forests to derive economic benefits for the economy and create livelihood opportunities for our people while at the same time maintaining one of the lowest rates of deforestation in the world. In doing so we have also created a new economic opportunity through avoided deforestation (REDD+) for which Guyana is one of the first countries to be paid. This administration will continue to focus on expanding and diversifying the economy on the basis of rationale use of Guyana’s natural resources. To facilitate this effort, the Ministry of Natural Resources and the Environment is established to have responsibilities for forestry, mining, environmental management, wildlife, protected areas, land use planning and coordination, and climate change.
Guyana is known globally for its wealth of natural resources, high levels of biodiversity and for having one of the lowest rates of deforestation in the developing world. The Government of Guyana (GoG) has had a long history of instituting mechanisms for the effective management and conservation of these resources. More recently, with the development of the Low Carbon Development Strategy (LCDS), the Government made the unprecedented commitment to re-orient Guyana’s economy onto a low-carbon, “green” pathway.
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Gov’t and Repsol finalise oil exploration agreement: Spanish- based oil exploration company, Repsol and the Guyana Government today finalised a Petroleum agreement and licence for the company to continue to undertake oil exploration in the shelfal waters of Guyana’s Exclusive Economic Zone...read more
Natural Resources Ministry monitoring gold prices – production on target: Gold prices which continue to fluctuate are being closely monitored by the Ministry of Natural Resources and the Environment even as production thus far for 2013 has increased by 12% as compared to the same period for 2012...read more
Natural Resources Ministry gets $12M support from WWF for environmental management: The Ministry of Natural Resources and the Environment today received a $12M cheque from the World Wildlife Fund (WWF), as part of a one- year project to assist in building capacity in environmental management in the gold mining sector...read more
Sandspring Resources presents Toroparu Gold Project updated pre-feasibility study results to Minister Persaud: The Chief Executive Officer (CEO) of Sandspring Resources Ltd.; Richard A. Munson and a team of his senior managerial directors including Sir Shridath Ramphal on Thursday, May 9, 2013, presented the results of the updated pre-feasibility study for the Toroparu Gold Project...read more |
