Guyana looks to international mining sector transparency standards

UK Prime Minister David Cameron leading a discussion at an Extracted Industries Transparency inititative (EITI) during the 2013 G8 Summit in Northern Ireland. From left: President Mahama from Ghana, President Sall from Senegal, President Conde from Guinea, President Kikwete from Tanazania, and UK PM Cameron. Photo courtesy of the G8 UK Presidency

Government is seeking to bring the local mining sector under a greater measure of international scrutiny by subscribing to standards set out in the internationally renowned Extractive Industries Transparency Initiative (EITI), Natural Resources and Environ-ment Minister Robert Persaud told the Stabroek Business earlier this week.

“Very soon we will be advertising for a scoping study to be done so as to create the groundwork for adherence to the norms of the EITI,” Persaud said.

The EITI is an international standard that seeks to ensure transparency in countries’ oil,