Minister of Natural Resources and the Environment Robert Persaud says for the extractive industry to be viable it must be linked to the Low Carbon Development Strategy (LCDS).
The Minister made the remarks today, Friday July 19 at a multi stakeholders’ dialogue on the extractive industry.
The forum allowed key players to share their views on a report which was produced by Conservation International and the Private sector and which highlights ways through which the Ministry can integrate Guyana’s mining sector with the LCDS.
Minister Persaud says while the report highlights some key recommendations, there are some areas of concern. He says the report did not achieve the objective of how they can integrate the extractive industry with the LCDS.
It is the Minister’s view that the report should not have focused primarily on the mining sector but on the extractive industry as a whole.
Meanwhile, Chairman of the Private Sector Commission Ronald Webster says they have high hopes of the Ministry which was created to bridge the gaps in the extractive sector.
Webster says while small scale miners play an important part in the Guyanese economy, recovery rate is still low.
In this regard, he says more investment should be placed on recovery equipment instead of extractive equipment. [Akash Ramlackhan]