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1509, 2017

Gold Board and Mining Associations Executives forge new processing fee structure; Minister’s promise honoured

In keeping with a commitment made by Minister of Natural Resources, Hon. Raphael Trotman, during a discussion with miners’ representatives and others on September 7, 2017 at Cara Lodge, chairman of the Guyana Gold Board (GGB) GHK Lall, held a meeting yesterday September 14, 2017, with executives of the various mining associations operating under the umbrella body Miners United Movement.  The purpose of the meeting was to reexamine the existing processing fee of $2,500 per ounce for gold sold to the GGB. Present at yesterday’s meeting were, Mr. Terrence Adams and Mr. Andron Alphonso, President and Vice President, respectively of the Guyana Gold and Diamond Miners Association (GWMO), Ms. Urica Primus, President of the Guyana Womens Miners Organization (GWMO) and Mr. Renwick Solomon, Chairman, National Mining Syndicate (NMS). Communications initiated by the Mr.  Lall prior to the meeting laid the groundwork for thoughtful constructive exchanges on how to address the [...]

609, 2017

First in series of Stakeholder Engagements on draft Local Content Policy Framework receives vibrant participation; oil companies, regional Chambers of Commerce and businesses among the other stakeholders targeted

GEORGETOWN, Guyana – The Ministry of Natural Resources today Wednesday September 6, 2017 wrapped up the first in a series of stakeholder consultations on Guyana’s draft Local Content Policy Framework. Following brief remarks by Honourable Raphael G.C. Trotman M.P., Minister of Natural Resources, Mr Anthony Paul, author of the draft policy framework and a geologist by training with vast experience both in government and the private sector in oil and gas, led the discussions by expounding on the salient points of the draft policy. The half-day engagement was held at the Georgetown Marriott and saw the active participation of a number of bodies. These included: Georgetown Chamber of Commerce and Industry (GCCI) Private Sector Commission Guyana Manufacturing and Services Association African Business Roundtable Guyana Oil and Gas Association Inc. (GOGA) Guyana Bar Association Institute of Chartered Accountants of Guyana Go-Invest Guyana Geology and Mines Commission (GGMC) Environmental Protection Agency (EPA) [...]

2608, 2017

R.L. Sukhram and Sons Sawmill and Rong-An Inc. awarded approximately 400,000 hectares each of former Barama Company Limited concessions; investments totaling US$9.5 m by 2020 to create 524 jobs

GEORGETOWN, Guyana - Following Barama Company Limited’s relinquishing of its 1.6 million hectare forest concession in October 2016, the Guyana Forestry Commission (GFC) has awarded two lots totaling over 800,000 hectares of that concession to R.L. Sukhram and Sons Sawmill and Rong-An Inc. The Ministry of Natural Resources along with the GFC had taken the decision to divide the former Barama Company Limited concession into four parcels, each of approximately 400,000 hectares. The Ministry advertised two of those parcels as State Forest Exploratory Permits, which means that there is a three year process of assessment prior to commercial full scale harvesting. The third parcel was identified for conservation and research, while the fourth was identified for small concession allocation of areas 20,000 acres and less. Parcel 1 is a forest area of size 417,809.23 and is located in the Essequibo region (North West, Mazaruni Potaro District). Parcel 2 is a [...]

1808, 2017

Government reiterates its commitment to the Minamata Convention; Guyana to be represented at the Conference of the Parties to the Minamata Convention to be held in Geneva, Switzerland

GEORGETOWN, Guyana – On Wednesday August 16, 2017, the Minamata Convention on Mercury came into force. In keeping with its commitment obligations, the Government of the Cooperative Republic of Guyana will be represented at the first Conference of the Parties to the Minamata Convention to be held from September 24 – 29, 2017 in Geneva, Switzerland. The Minamata Convention is an international treaty designed to protect human health and the environment from anthropogenic emissions and releases of mercury and mercury compounds. Mercury is used in the gold mining industry and can be a threat to human health and the environment. The GoG signed on to the Minamata Convention on October 10, 2013 and ratified it on September 24, 2014. Guyana was one of the first countries to sign on to the legally binding agreement and had done so with the full support of the mining sector, mainly members of the [...]

1408, 2017

Members of Ministerial Oil & Gas Committee attend annual partnership meetings with ExxonMobil Officials – Houston, Texas, USA

On  August 10 and 11, 2017, Ministers of Government -  Vice-President Carl Greenidge, Raphael Trotman, Winston Jordan, David Patterson and Dominic Gaskin, together with Presidential Advisor, Dr. Jan Mangal, and Technical Officers, Ms. Teresa Gaime and Kiran Mattai, of the Ministry of Natural Resources and the Guyana Energy Agency respectively, participated in meetings and briefings with officials of the ExxonMobil Development Co. and ExxonMobil Gas and Power Marketing Co. at the ExxonMobil Campus in Houston, Texas, USA. The Governemnt of the Cooperative Republic of Guyana is a fifty (50) per cent partner with ExxonMobil, Hess and CNOOC Nexen for the development of the off-shore Stabroek Block in which petroleum has been discovered. Several Ministers had attended similar briefings in 2016, and it was decided then, to have annual engagements of a comprehensive nature in preparation for 'first oil' in 2020 and beyond. These meetings follow closely on the award of [...]

708, 2017

Phase two of Guyana’s Monitoring, Reporting and Verification (MRV) project gets underway with release of funds by NORAD

GEORGETOWN, Guyana - The Government of the Cooperative Republic of Guyana has received the first tranche of a US$6.34 million grant from the Kingdom of Norway as it enters into the second phase of the forest monitoring mechanism known as Monitoring, Reporting and Verification (MRV). This second phase of the MRV programme will no longer be seen as a means of satisfying a conditionality for funding, but also, as a tool for measuring Guyana’s forest cover to assist in decision-making for a range of activities. The funds will be dispersed in tranches through Conservation International in a muti-year arrangement. The announcement was made at a meeting on Monday August 7, 2017 held at the Ministry of Natural Resources’ Boardroom in the presence of Minister of Natural Resources Hon. Raphael G.C. Trotman M.P., Chairman of the Guyana Foresty Commission Board, Ms. Jocelyn Dow, Ms. Pradeepa Bhlonauth, Head of Planning - GFC, [...]

708, 2017

Ministry of Natural Resources launches Youth in Natural Resources Mentorship Programme with the aim of showcasing the natural resources sector as a viable career choice for our young people

GEORGETOWN, Guyana - The Ministry of Natural Resources today August 7, 2017 launched its three-week Youth in Natural Resources Mentorship Programme which aims to introduce young people to the natural resources sector through the work of the Ministry and its agencies and corporate partners. In doing so the youth are expected to come to an understanding that working in the natural resources sector can be fulfilling and rewarding, and when done correctly, can sustain the environment and rich biodiversity. Immediately following the launch in the Minister's boardroom, the participants, aged 15 to 18, embarked on a familiarization tour of the Ministry, the Guyana Geology and Mines Commission, the Guyana Gold Board and the Guyana Forestry Commission. Speaking to the participants, Minister Trotman said that they must grow to fall in love with their country by exploring it and the rich diversity, and to always remember that in the thrust to [...]

408, 2017

Ministry of Natural Resources and the Guyana Forestry Commission to partner with local saw millers and hardware stores to promote lesser used wood species.

GEORGETOWN, Guyana – Honourable Raphael G.C. Trotman M.P., Minister of Natural Resources, today August 4, 2017 met with a number of local hardware store and lumber yard representatives to discuss options to mitigate the high local demand for foreign pine wood, especially from the United States. This meeting was part of the Ministry's ongoing consultations with stakeholders on the impact of large quantities of imported pine wood on the local timber industry. During the meeting, the local hardware dealers and lumber suppliers spoke of the difficulties they usually encounter in sourcing quality local lumber for their customers. Issues with the local lumber included not being properly kiln-dried and uncertainty of supply. Some of the operators expressed an interest and desire to sell the local lumber but complained that they were not getting the reliability from the local forest operators. Further, they observed that their customers have shown a preference for [...]

308, 2017

Kwakwani student receives guitar to pursue her love for music

Today, August 3, 2017, Minister of Natural Resources Hon. Raphael Trotman handed over a brand new guitar to Ms. Kenya Miggins of Kwakwani, Region 10 in response to a humble request made by her when she submitted a note along with her entry for the Ministry’s Petroleum Commission of Guyana (PCG) Logo Competition that concluded earlier this year. The Petroleum Commission of Guyana will oversee and manage Guyana’s emerging oil and gas sector. The note stated, ”I designed a logo for the Petroleum Commission of Guyana and it’s perfect…..If I do not win the prize, please can you help me buy a guitar, the cheapest one please……I really like music and school is so important..” Though Kenya’s entry was not selected when the logo competition winners were announced, her humble request pulled on the heartstrings of the Minister and review team and prompted a desire to fulfill the need. The [...]

308, 2017

Investigation launched into mining fatality which occurred at Takatu, left bank Puruni River on July 31, 2017

GEORGETOWN, Guyana - An investigation has been launched into the death of a miner following a mining accident on Monday July 31, 2017 at Takatu, on the left bank of the Puruni River in Mining District 3, Region No. 7 (Cuyuni-Mazaruni) in which a tree fell and fatally injured the miner. The deceased has been identified as Deon Baptiste, male, age 22. He worked as a ‘Marack Man’ on a land dredge and his address has been given as Port Kaituma, North West District. The accident is said to have occurred at 2:00 pm. The man was taken to Bartica Hospital following the accident, which resulted in injury to another man identified as Ralph Garraway, of Charity, Essequibo. According to reports, the miners were conducting hydraulic mining in a swampy area at the time of the accident. They were operating in a mine pit prepared only two days by the [...]

2807, 2017

Team from the Royal Canadian Mint visits Guyana Gold Board to assess the agency’s oversight processes

GEORGETOWN, Guyana - The Guyana Gold Board (GGB) recently hosted a visit by a team from its refining partners, the Royal Canadian Mint (RCM).  Mr. Steve Higgins, Director, Storage and Refining Solutions led the team which included Mr. Derek Hall, Manager of Compliance.  The scope and focus weighed heavily on GGB’s policies and procedures relative to anti-money laundering supervision and the source of gold purchased.  The principal objective was to foster a level of assurance on the robustness of oversight processes of all gold declared from mine to market. RCM’s team reviewed GGB’s files, interviewed employees, visited a gold dealer, and met with members of the agency’s board of directors.  In a subsequent meeting with Minister of Natural Resources, Hon. Raphael Trotman, Mr. Higgins indicated that he was pleased with some of the due diligence efforts implemented at the GGB, and the other strides embarked upon to tighten existing GGB [...]

2507, 2017

Ministry of Natural Resources congratulates ExxonMobil and its partners Hess and CNOOC Nexen for Payara 2 discovery announced today July 25, 2017

GEORGETOWN, Guyana - The Ministry of Natural Resources joins His Excellency David A. Granger, President of the Cooperative Republic of Guyana, and the Guyanese people in congratulating ExxonMobil and its joint-venture partners Hess and CNOOC Nexen for their latest efforts that led to the confirmation of the volume of the petroleum reserves that were announced today July 25, 2017 regarding the Payara 2 well in the Stabroek Block offshore Guyana. The announcement marks another important milepost in the journey towards Guyana's emergence as an oil producing state, and reinforces the reality that Guyana must continue to steadily and carefully build capacity in a race against time before that date. The Ministry looks forward to the support of all stakeholders as we work together to ensure that there is a strong regulatory and fiscal framework in place so that the production of petroleum could be done in a transparent and accountable [...]