The United States Government is looking to tap into Guyana’s bauxite industry and is also seeking to survey mining lands to identify other minerals, the U.S Under Secretary of Economic Affairs Jacob Helberg has said.
Helberg, who met with President Irfaan Ali and other government officials on Wednesday during a visit to Guyana, told reporters that discussions were held at length on the possibility of the U.S participating in the country’s bauxite mining industry.
“We did talk about surveying land where large amounts of new reserves for many types of new minerals are believed to be located and where the land still needs to be surveyed in a more extensive way, we did talk about things that are prospective but obviously because the reserve of bauxite is known and there are already investments today, we talked a fair amount about those,” Helberg stated.
The US Government official said the Guyana’s bauxite and other minerals reserves are already known, but greater understanding of what exists needs to be established through surveys.
He said during his meeting with President Ali, he also discussed surveying mining lands on a larger scale to get a true understanding of the country’s natural resources, explaining that the country has a lot of natural resources that can attract investments.
“Generally speaking, we both understanding that Guyana is a country with a lot of natural resources so it is not a leap to consider that there are probably many more types of minerals that could be available once proper surveying is done. Ultimately, part of our strategy would on bringing more foreign investment into Guyana is to make it a lot easier in order to actually do these types of surveying technologies. If Guyana is a hub for foreign investment, there will be a lot more foreign companies here and a lot more capacity to do things like surveying, if we get the first part right” the U.S Under Secretary noted.
According to Mr. Helberg, the U.S government’s strategy is to also focus on bringing more foreign investment into Guyana, and to make it easier to undertake advanced types of surveying technologies.
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