Agreements for miners concessions renewed

Minister of Finance, Winston Jordan (left) and President of the Guyana Gold and Diamond Miners’ Association, Terrence Adams shake hands after signing two agreements. Also in photo is Minister of Natural Resources, Raphael Trotman.  (GINA photo)

Small and medium scale miners will continue to benefit from fuel, and concessions on mining equipment parts, as the contracts were renewed on December 21 by the relevant Ministries and associations, GINA said.

GINA said that the Ministries of Finance and Natural Resources, and the Guyana Gold and Diamond Miners’ Association (GGDMA) renewed two contracts for concessions relating to the mining industry. Small and medium-scale miners will now access duty-free concessions on imported equipment, and a 10 percent tax reduction on fuel.

For months, the GGDMA had accused the government of