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Bauxite Company of Guyana Inc. granted mining licence
The Guyana Geology and Mines Commission (GGMC) under the Ministry of Natural Resources and the Environment on September 18 signed a multi-million US dollar investment with Bauxite Company of Guyana Inc., a subsidiary of RUSAL, Russia’s aluminum giant, for a 20-year Mining Licence for Block 38 deposit.
Mr. Eton Chester, Chairman, Board of Directors, GGMC presents a copy of the signed Mining Licence to Mr. Laziz Mardonov, BCGI’s Finance Manager. Witnessing the presentation are Minister Persaud, Mr. Joslyn Mc Kenzie, Ms. Karen Livan, Mr. Rickford Vieira, and other representatives of BCGI.
The expansion will lead to more job creation which is a realization of a promise made by President Donald Ramotar.
Minister of Natural Resources and the Environment, Robert Persaud; Permanent Secretary of the Ministry of Natural Resources and the Environment, Mr. Joslyn Mc Kenzie; Chairman of the Board of Directors GGMC, Mr. Eton Chester; Commissioner of GGMC, Ms. Karen Livan; and Deputy Commissioner GGMC, Mr. Rickford Vieira; and BCGI’s Finance Manager, Laziz Mardonov, along with other officials witnessed the signing of the licence.
The Chairman of the Board of Directors of the GGMC signed on behalf of the Commission.
This signing supports government’s intention to expand Region Ten economic activities for social improvement. Minister Persaud has been pushing the major companies to expand and invest more in Guyana’s bauxite industry and the mining sector, and to develop more community- based projects while conducting better mining practices.
The Prospecting Licence covers a total area of approximately 12,711 acres located approximately 69 kilometers south-southeast of Linden and 27.4 kilometers north-northeast of Ituni, along the Linden-Ituni Road. The signing of the agreement is a result of Minister Persaud’s interaction early last month with residents of Kwakwani and surrounding communities where calls were made to create opportunities for residents to benefit and the communities to develop.
He has since engaged RUSAL’s executive and highlighted some of the concerns raised at the community meeting in Kwakwani that centered on the company’s relationship with the residents.
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