PPP/C manifesto provides for more sustainable development of mining sector
Written by Gina Webmasters, Published in News, Georgetown, GINA, April 28, 2015, Source
The Peopleβs Progressive Party/ Civic (PPP/C) Government in its newly released manifesto for the 2015 General and Regional Elections provides for more sustainable development of the mining sector, as it continues to protect the forest and wildlife and the rights of the Amerindian communities. Simultaneously, this is aimed at encouraging wider economic growth and creating employment opportunities.
Over the next five years, three new large modern gold mines will be operational which will create hundreds of new jobs, as well as new investments in oil and gas exploration and possible development.
There will also be the establishment of a formal mechanism under the auspices of the Office of the President for the implementation of the National Land Use Policy and Plan and the coordination of National Land Use Management. This will include mining, forestry, settlements, agriculture and infrastructure and to address critical issues regarding multiple land uses and co-existence.
Forestry
Local forest producers will be provided with incentives to retool their enterprises and to increase efficiency, while there will a review of the performance of forest concessionaires to ensure compliance with forest laws and to prevent land-lording.
The government will also be aggressively pushing for value-added products in the sector with a tariff system used progressively to reduce the exportation of logs and promotion of the production and utilisation of lesser used species. The Forest Products and Marketing and Development Council, to offer support to producers, will also be promoted and the Forestry Training Centre range of courses and services will be expanded.
Mining
The current incentives portfolio for the mining sector will be undertaken with emphasis on small and medium scale mining for gold and diamond mining, while bauxite development will be expanded.
The government promises to work with all investors (current and new) to ensure that the bauxite industry grow and remain sustainable. New areas for exploration will be opened for more investment, with attractive incentives and valued-added initiatives, for the mineral sector to be developed.
The current system of allocation of mining blocks will be reviewed and government will be looking at enhancing transparency and accountability, through increased monitoring and enforcement of the sub-sectors and alignment with the Extractive Industries Transparency Initiative (EITI).
There will also be the revision of the Codes of Practice and Guidelines for mining, with emphasis on better environmental management and adopting mercury-free technology, for small and medium scale mining. The reform of the Guyana Geology and Mines Commission to improve efficiency and transparency in the regulations of the mining sectors will also continue.
Oil and Gas
The National Upstream Oil and Gas Policy will be implemented, with the aim of attracting and securing investment in upstream exploration activities, and effectively regulating an upstream oil and gas sector that will contribute to the sustainable economic development of the country.
The government will also be facilitating the exploration for and production of petroleum for associated industry development, regulating and monitoring petroleum operations to ensure legislative compliance, encouraging the application of best practices in petroleum and associated industries operations, managing the transfer of technology for maximum benefit to the sector and providing the sector with timely and pertinent information so as to contribute to its efficiency and competitiveness.
There will also be the sustainability of the heritage of humankind, generally, and Guyanese, in particular, a safe environment around petroleum operations and establishment of a world-class system for the management of petroleum revenue through the passage of appropriate legislations.