[www.inewsguyana.com] – Local operators in the gold mining industry are feeling the impact of falling international prices. The operators have approached the Government requesting interventions that would ensure that the trickledown effect of the falling prices does not cripple the sector in Guyana.
Minister of Governance Raphael Trotman, who today briefed media operatives at the Ministry of the Presidency, disclosed that it is the intention of the Administration to provide some concessions in the 2015 budget.
The Minister who is also responsible for the natural resources sector, disclosed that representatives of the Guyana Gold and Diamond Miners Association (GGDMA) recently met with Minister of Finance, Winston Jordan, and subsequently President David Granger.
“The stark reality is that not everything that is asked for can be afforded, but certainly the GGDMA representatives left with a good feeling that concessions are going to be offered in the 2015 Budget,” he said.
According to Trotman, the representatives pointed to the falling gold princes internationally, and the bad weather which has affected access to mining camps, as the main issues currently affecting the sector.
APNU+AFC had promised in its 100 Day Plan to look at assistance for identifiable holders of small mining concessions
The Administration, since its accession to office, has held consultations with stakeholders in all areas of production and development in Guyana, to chart avenues of support for the enhancement of the respective sectors.
President Granger is particularly concerned about the welfare and standard of living of all Guyanese, and he has and continues to ensure that his Government implement policies and programmes which target specifically, the alleviation of poverty.
In order to promote job opportunities and increase production in the productive sectors of Guyana’s economy, the Administration has committed to the waiving of duties on fuel, tools and small scale mining equipment, bought by identifiable holders of small concessions, as part of its 100 day plan. [Extracted and modified from GINA]