Latest update September 12th, 2024 12:59 AM
Aug 23, 2024 News
Kaieteur News – Minister of Natural Resources, Vickram Bharrat, on Wednesday highlighted the importance of the Government of Guyana (GoG) supporting companies operating in Guyana’s manganese and diamond sectors given the challenges posed by unfavourable global market prices.
Speaking at an event, Bharrat stated, “The manganese company [Chinese owned Guyana Manganese Inc. (GMI)] too has been producing in Region One, unfortunately like diamond, the prices in the world market haven’t been too favourable and we have to work with these companies that are engaged in diamond and manganese production.”
He further stressed the importance of keeping these companies operational in Guyana, noting, “It is important that we keep these companies in Guyana and work with them incentivising [them].”
Bharrat pointed out the critical role GMI plays in local employment, particularly in the Matthews Ridge and Port Kaituma areas.
“The manganese company employs almost 200 individuals from Region One, particularly those in the Matthews Ridge, Port Kaituma area and employment in those areas are critical. There aren’t many opportunities as we have on the coast so it is important that work with these companies to ensure that they stay in operation and continue to produce and employ Guyanese.,” he said.
In 2022, Guyana resumed exporting manganese for the first time in 54 years. GMI is a subsidiary of Chinese-owned bauxite BOSAI, a bauxite producer in Linden, Region 10. According to reports, in 2016, Canadian company Reunion Gold sold its Matthews Ridge manganese project to BOSAI for US$10 million.
GUYANA IN THE DARK AS TO HOW MUCH OIL EXXON USING FOR THEIR OPERATIONS OUT THERE!
Sep 12, 2024
– No word on 2024 National School’s Championships By Rawle Toney Kaieteur Sports – A cloud of uncertainty looms over the 2024 National Schools Cycling, Swimming, and Athletics...Kaieteur News – Guyana should do no business ever with Norway. The mere possibility of re-entering a deal with Norway... more
By Sir Ronald Sanders Kaieteur News – There is an alarming surge in gun-related violence, particularly among younger... more
Freedom of speech is our core value at Kaieteur News. If the letter/e-mail you sent was not published, and you believe that its contents were not libellous, let us know, please contact us by phone or email.
Feel free to send us your comments and/or criticisms.
Contact: 624-6456; 225-8452; 225-8458; 225-8463; 225-8465; 225-8473 or 225-8491.
Or by Email: [email protected] / [email protected]