Local logging company, Royal Timbers Inc. is expected to invest US$ 2.8M during the period October 2022 to July 2023 to develop 107,650.54 hectares of forest resources embodied in its State Forest Exploratory Permit (SFEP) 02/2020—Region 7. Guyana Standard understands that the maximum annual log output will be approximately 17,5003 of timber from 32 species which include Bulletwood, Crabwood, Greenheart, Huruasa, Kabukalli, Limonaballi, Locust, Manni, Monkey Pot, Mora, Morabukea, Purpleheart, Shibadan, Simarupa, Tatabu, Tauroniro, Tonka-bean, Wamaa, Washiba and Yellow Silverballi.
Project documents note that RTI plans to set up a base camp at the concession area, to transfer logging and sawmilling equipment at hand to the concession area, to recruit and train field operatives and to initiate logging and sawmilling operations. RTI will also construct an airfield. In undertaking its forestry project, RTI said it aims to achieve gross revenue of US$5M by December 2027.
In a notice to the press, the Environmental Protection Agency (EPA) said the project which it approved is located at Left Bank Mazaruni River, Right Bank Puruni River, Region No. 7.
The regulator said the company’s Environmental Impact Assessment (EIA) has adequately addressed the views and feedback expressed by members of the public and other stakeholders during consultations while adding that the Environmental Mitigation Plan contained therein, proposes appropriate and adequate measures for safe operations.