miningassessment
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🇬🇾 Guyana to Present Full Gold Mining Sector Review on Jan 5
President Irfaan Ali announced a complete assessment of the country’s gold mining sector, aiming to strengthen oversight, curb illegal activity and protect the environment.
• 📊 Full sector review: Every mining licence, claim and operation will be evaluated, with “strong decisions” for non-compliance.
• 🔍 Stricter rules: Gold declarations will be tied to mercury purchases — undeclared production may lead to licence repossession.
• 🛡️ Combatting smuggling: A multi-agency task force is already targeting under-declaration and illegal exports.
• 🌱 Environment focus: Government says environmental harm without production won’t be tolerated.
This review could reshape mining compliance and gold market transparency in Guyana, influencing both local production reporting and broader investment confidence.
#GuyanaMining #GoldSector #MiningAssessment #RegulatoryUpdate #NaturalResources $XAU
President Irfaan Ali announced a complete assessment of the country’s gold mining sector, aiming to strengthen oversight, curb illegal activity and protect the environment.
• 📊 Full sector review: Every mining licence, claim and operation will be evaluated, with “strong decisions” for non-compliance.
• 🔍 Stricter rules: Gold declarations will be tied to mercury purchases — undeclared production may lead to licence repossession.
• 🛡️ Combatting smuggling: A multi-agency task force is already targeting under-declaration and illegal exports.
• 🌱 Environment focus: Government says environmental harm without production won’t be tolerated.
This review could reshape mining compliance and gold market transparency in Guyana, influencing both local production reporting and broader investment confidence.
#GuyanaMining #GoldSector #MiningAssessment #RegulatoryUpdate #NaturalResources $XAU
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