Latest update March 28th, 2025 6:05 AM
Latest News
- “It will be a very bad day for Venezuelan if they attack Guyana or ExxonMobil”—Rubio declares
- Guyana gets info on U.S. tax evasion allegations against Mohameds, Mae Thomas
- US$35 injected into banking system to address foreign currency shortage—VP Jagdeo
- Citizens to stage protest today against lack of access to information in Guyana
- Guyana vows to stand with U.S.
Gold miners meet President on relief measures
Government has expressed its continued support to the mining sector through
President Donald Ramotar (left) addressing miners. Also at the head table are Natural Resources Minister, Robert Persaud (centre), and President of the Guyana Gold and Diamond Miners Association, Patrick Harding
ongoing collaboration at various levels.
This commitment was expressed by President Donald Ramotar and Minister of Natural Resources and the Environment, Robert Persaud, following a meeting with Executives of the Guyana Gold and Diamond Miners’ Association (GGDMA) and other stakeholders to explore initiatives and interventions for the sector.
The meeting which was held yesterday at the Guyana International Conference Centre, East Coast Demerara, “explored several areas of support which are at various stages of implementation or under review. The Government reiterated its collaboration with all stakeholders within the mining sector towards the viability and sustainability of the mining sector,” a Government Information Agency (GINA) statement said.
The GGDMA sought government’s intervention global gold prices plunged over the past two years.
“However, it was stated that the challenges facing the sector can be collectively addressed
Miners at the meeting
through continued collaboration and engagements between all stakeholders. Meanwhile, the GGDMA has again expressed their appreciation for the support provided by the government for the issuance of a fuel import licence, waivers on spares and equipment for the mining sector, access to foreign currency and tax waiver on double cab pick-ups,” the statement said.
Gold had become the biggest foreign currency earner for Guyana over the past seven years before dropping behind rice last year, as gold prices on the world market fell and miners reduced production.
Miners have been aggressively pushing for concessions on fuel imports, spares, vehicles and a number of other measures to ease costs.
Government recently reduced the fuel tariffs as price for oil plunged on the world market.
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