Latest update November 23rd, 2024 1:00 AM
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Scrap metal association not “scrapped”- founder says
Percy Cole
A scrap metal dealer has denied that an association he helped to establish has been “scrapped”.
As a matter of fact, says Percy Cole, former President of the Guyana Scrap Iron and Metal Dealers Association, the constitution of the body just does not allow this.
Cole’s claims come after it was reported earlier this week that the 14-member strong association was “scrapped” after members became dissatisfied and formed another one.
Export of scrap metal was thrown into limbo late April after Government banned the trade, effectively closing the industry down.
Businesses and citizens had complained of rampant theft of metal parts from their properties which cost millions to replace and repair.
Last year, the trade was banned for a few months but that ban was lifted after the association committed to widespread changes to ensure more inspections and purchasing transparency.
However, it was lifted but the trade of non-ferrous remained since copper was one of the main target of thieves.
According to Cole, yesterday, he is confident that the ban would be lifted soon since thousands of persons depend directly on the industry for a living.
Since the ban in April, several containers are still on the wharves awaiting export, the official said.
It is estimated that the industry earns around $20M every month from exports with Government coffers receiving around $6M.
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