President of the Guyana Women Miners Organisation (GWMO), Urica Primus and President of the Guyana Gold and Diamond Miners Association (GGDMA), Terrence Adams, on Thursday signed a two year concession renewal agreement with the Government of Guyana (GoG.
The agreement boasts many firsts for the relationship between the two private sector bodies:
The Ministry of Finance noted in a press release, “It was the first time that the GWMO signed the agreement as an individual entity; for the first time, the agreement has been renewed for a two year period rather than annually, and the concessions granted are tied to various levels of declarations,”
Minister of Finance, Winston Jordan delivered brief remarks at a simple signing ceremony today.
Jordan said, “The agreement is the third that has been signed by Government but that it was more comprehensive and was accomplished through evidence-based negotiations.”
Jordan also noted that the agreement comes on the heels of other budgetary measures that were put in place as a mark of the Government’s “unwavering support” for the sector and appreciation for the invaluable contribution that miners make to the country’s economy.
Other signatories to the agreement were Hon. Winston Jordan, Minister of Finance; Godfrey Statia, Commissioner General, Revenue Authority (GRA); Newell Dennison, Commissioner General, Guyana Geology and Mines Commission; and Dr. Mahender Sharma, Chief Executive Officer, Guyana Energy Agency. Also present at the signing ceremony was Raphael Trotman, Minister of Natural Resources.