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‘Canada committed to Guyana’ – High commissioner
– says companies here for the long run
(Kaieteur News) – Canada’s High Commissioner to Guyana, Sebastien Sigouin, on Tuesday reaffirmed that the influx of Canadian companies investing in Guyana underscores their commitment to remaining for the long haul.
Canada’s High Commissioner to Guyana, Sebastien Sigouin
Speaking during a panel discussion at the International Business Conference (IBC), held at the Marriott Hotel in Georgetown, the High Commissioner highlighted the strong presence and ambitions of Canadian firms operating locally.
He noted that while Canada is well known for its involvement in Guyana’s natural resources sector, its interests extend far beyond that.
“But we’re also interested and engaged in issues like renewable energies and clean technologies, infrastructure and education and this is the area that since I’ve been here in the coming years that I really want to explore further in collaboration with both countries,” he stated.
In discussing the regional context and what nations must do to attract investors, the High Commissioner pointed to the importance of transparency, adherence to international standards, and building local capacity. “Finally, I would say, from the Canadian side, we’re interested in building really a wide and a long-standing relationship. We’re not just here for the short gain. We’re really here for the long run, and we’re here as well to work, to work with both countries (Guyana and Suriname), to develop integration between two countries, whether it’s cross border, energy corridors, share infrastructure or food systems. These are the kind of initiative that not only will build regional strength, but also that will allow both countries to become leaders in the region,” he stated.
According to Sigouin, Canada will continue to build partnerships grounded in trust, transparency, and a shared sense of regional cooperation aimed at prosperity and responsibility.
When asked what he would like to see in Guyana over the next five years, the High Commissioner said he hopes to see more Canadian businesses establishing operations both in Guyana and neighbouring Suriname. “Because they (Canadian companies) found the transparency and all the issues that I raised before, and also that more businesses that are using Guyana and Suriname as springboard to other countries, whether it’s in the Caribbean, in Brazil or other parts of South America,” he noted.
The High Commissioner’s comments come as several Canadian mining companies continue to expand their operations in Guyana’s gold sector. Currently, five Canadian firms collectively control an estimated 15.5 million ounces of gold across various stages of development. These projects spanning several of Guyana’s mining regions are advancing through exploration, feasibility studies, and permitting phases.
Many of these companies have praised Guyana’s mining-friendly policies and are banking on these projects to deliver substantial returns for their shareholders. It should be noted that there are other Canadian companies also operating within Guyana’s mining sector.
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