Ramotar signals concessions to cushion falling gold prices

Following an appeal by gold miners for relief in the face of falling gold prices and equipment repossessions, President Donald Ramotar yesterday signalled that concessions could be granted as he announced a plan to set up an inter-ministerial committee to address issues in the mining sector.

At a special meeting held yesterday at the Regency Hotel, Ramotar announced a number of provisional concessions, including duty waivers on equipment to make the transition to cleaner recovery methods, subject to refining by the committee working with the executive of the Guyana Gold and Diamond Miners Association (GGDMA).

“We could look