[www.inewsguyana.com] – The Department of Natural Resources says that the Guyana Government has not taken a decision to grant Chinese Logging conglomerate – Bai Shan Lin – an extension to its logging contract.
This comes after reports surfaced in the media that the company was granted a two year extension to fulfill its obligations and also permission to continue the export of logs as normal.
A Government release stated that both reports are inaccurate and not factual.
“By way of clarification, the Department of Natural Resources & Environment would like to inform the public that it has not granted the company a two year extension as mistakenly reported in the media,” the release stated.
It was clarified that that the reference to “two years” made by the Minister of Governance, Raphael Trotman was merely to make the public aware that a two-year extension was being sought by the Company.
“The Department has not considered the request and has requested information from the company about its proposed business plan and evidence of financing. It is only upon receipt of those documents that such an application can be objectively scrutinized and a decision made about the future of the Company’s operations in Guyana.”
With regard to the valid concerns about the export of logs, the Natural Resources department noted that the Company has not shipped logs in several months following an earlier restriction placed on exports.
However, it was noted that a large quantity of locust logs remain in a holding area and their quality is rapidly degrading.
“While it is expected that a sizeable quantity will be released into the local market for use by furniture manufacturers, it is anticipated that a surplus will remain and this will either be allowed to depreciate further, or have to be exported.”