Canadian investors: no massive corruption in Guyana!
The Government of Guyana is committed to work closely with the Extractive Industries Transparency Initiative (EITI) to ensure that the mining and minerals industries of Guyana are free from corruption as part of the wider national efforts to fight corruption and improve accountability.
This comment was made by the Mr. Robert Persaud, Minister of Natural Resources and the Environment during his remarks at the Guyana Day Forum at the Prospectors and Developers Association Conference 2013 held in Toronto, Canada.
This view was endorsed by several small and large overseas investors who rejected accusations of rampant corruption in Guyanaβs governance.
During his remarks, the Minister made reference to the recently published Council on Hemispheric Affairs (COHA) report which stated that Canadian companies are exploiting the mineral wealth of Guyana because of the political instability in the county, which he stated is neither true nor fair to the people, Government nor investors operating in the extractive industries of Guyana.
The Natural Resources and the Environment Minister pointed out that Guyana is a mining friendly country and through effective governance by agencies such as the Guyana Geology and Mines Commission and the Environmental Protection Agency, the minerals sub-sectors can boast of consistent growth and development which is done in a very transparent manner.
However, the Ministerβs remarks gave away to a question from the audience which was directed at the same COHA report and the level of political stability for doing business in Guyana. The response to these comments were not echoed by the Minister, but the by private companies that are operating or have some level of business venture in Guyana who all supported the view that doing business in Guyana is not difficult. The current Government of Guyana has ensured that the minerals industries consistently expanded over the years, he added.
Additionally, the investors also highlighted that the mining industry in Guyana is investment friendly and the Government and respective Ministries and agencies work diligently at both level of policy decisions and technical levels. As such, the operations of their respective companies are done in a sustainable manner to ensure that the environment is protected and the corporate social responsibilities to their geographic locations are delivered efficiently.
The Ministry of Natural Resources and the Environment hosted a Guyana Day Seminar on March 4, 2013 at Prospectors and Developers Association Conference in Toronto Canada for investors, prospectors and financiers in the extractive industries which attracted a large number of stakeholders for the various minerals sub-sectors.
The forum was attended by persons who are working or seeking to invest in the mining industries around the world. The 2013 Guyana Day Seminar at the PDAC has proven to be one of the most successful events for Guyana over the years for this annual mining convention which attracts on average of over forty thousand participants.
In addition, the forum was also attend by the High Commissioner of Canada to Guyana, H.E David Devine, High Commissioner of Canada to Guyana who stated that the Government of Guyana and Canada have had a good working relationship in promoting investment in the Guyana and currently there are thirty four Canadian mining companies that are working at various stages of mineral development in Guyana.
The High Commissioner also highlighted that there are two Canadian educational and training institutions that are working with the Ministry of Natural Resources and the Environment and the Guyana Geology and Mines Commission to offer various courses through the Guyana Mining School and Training Centre Inc.