Latest update April 5th, 2025 5:50 AM
Latest News
- Exxon admits to operating above production rates in EIAs
- Oil sinks to pandemic lows; metals, soybeans slump as China retaliates against U.S. Tariffs
- Israel has turned two-thirds of Gaza into no-go zones, UN says
- ‘If the President’s award means anything, he would terminate Ramson’- Protestors
- Power China, Kalpataru sign US$422M contracts for extension of transmission lines for GPL
Investors working to meet stone demand
– Natural Resources Ministry
Amidst reports of a shortage of stone, investors are working to meet the demands of the construction sector and commercial entities.
Despite the enormous demand for stone in the building sector, the Ministry of Natural Resources and the Environment has confirmed that investors are working to facilitate the need for the merchandise.
Stone on sale at a retail site
In response to recent complaints of shortages, the Natural Resources Ministry has issued information regarding the demand and supply of the material from major local investors.
According to the document, “Baracara Quarries Inc. has confirmed that although there is currently a high demand for quarry materials the company is producing at normal capacity.”
“Toolsie Persaud Ltd. had some operational problems which were resolved. The company has resumed operating at full capacity and will have adequate supply in two (2) days; BK Quarries Inc. has disclosed that there has been no disruption to production; stones are currently available for sale.
“At present, Metallica CC Inc is supplying customers with the commodity, but noted its constraints with transporting their materials along the Mabura road due to the bad condition of the road, which is a major limitation in fulfilling the demands of the market while Durban Quarries a supplier to the Parika/Essequibo market …have a lot of materials on hand at the quarry that can alleviate the shortage, once permission is granted.”
Information reaching this publication indicated that work at several construction sites has ceased owing to the lack of a certain dimension of the commodity.
“We only have certain sizes of stone in stock, the three-eighths and the sifting, which are used to do minor construction works,” a representative of one company stated yesterday.
Meanwhile, consumers have noted difficulty purchasing the size of stone used to carry out elaborate construction work from major supplier.
One construction worker noted that “the unavailability of the coarser stone (three-quarter size) will stall work at several construction sites because this is what we actually use to do the building, the three-eighths and sifting is used for minor foundation work.”
He explained the stone is being sold at a retail price of $8000 per ton.
The establishment of new housing developments and modernization projects, contributing to Guyana’s construction boom, has contributed to a significant shortage of stone, which has overwhelmed the sector in recent years.
In a bid to rectify the issue, Minister of Natural Resources and the Environment Robert Persaud held consultations with investors on the prospect of establishing the possibility of issuing licences for new stone quarries to lend to the availability of the key building material on the local market.
Persaud noted that studies were being conducted into the production and output of quarry materials, in an effort to determine why the shortages occur, and what can be done to make things better.
Similar Articles
THE BLUNT OF THE DAY
Sports
Features/Columnists
The One-Man Republic
Peeping Tom… Kaieteur News- There exists, tucked away on the margin of maps and minds, a country that has perfected... more
The U.S. “Joining” the Commonwealth: an unreasonable expectation
By Sir Ronald Sanders Kaieteur News- Recent media stories have suggested that King Charles III could “invite” the United... more
Weekend Cartoon
