Aug 22, 2024 News Officials at the signing ceremony of the mineral mapping contract Kaieteur News – The Ministry of Natural Resources (MNR) and American company Global Venture Consultancy on Wednesday morning signed a US$1.8 million deal to conduct a comprehensive mineral mapping of the nation’s mining hotspots. The multi-year project for Mineral Mapping Study of Guyana’s Mineral Resources, targets both traditional gold reserves and emerging non-traditional minerals.
The areas that have been identified as priority for 2024 are the North-West Mining District, Cuyuni Mining District, Mazaruni Mining District, and Potaro Mining District. It was stated that the project is intended to add to a previous inventory which was completed in 1968. Kaieteur News had reported that Global Venture Consulting’s bid of US$1,981,218 was ultimately selected following a tendering process.
However, at the contract signing event it was revealed that the ministry was able to negotiate a 5% reduction of the cost, to US$1,875,000. The contract signing event hosted at Duke Lodge in Georgetown, was attended by Minister of Natural Resources, Vickram Bharrat, Permanent Secretary of MNR, Joslyn McKenzie, Her Excellency Ambassador Nicole Theriot and others. In his address, Minister Bharrat said, “This project will reenergize the small and medium scale sector in Guyana we know that large scale is progressing well.
..” Bharrat noted that the project will also benefit indigenous communities to work .