President Dr. Irfaan Ali announces plans to create a national mining consortium and a locally owned company intended to increase Guyanese participation and benefits from the country’s mineral wealth. The proposal is presented as a way to bring together large-, medium-, and small-scale miners, while also allowing ordinary Guyanese to participate alongside miners in larger mining opportunities.
According to multiple outlets, Ali makes the announcement during the commissioning of a new Citizens Bank branch in Bartica. In his remarks, he positions the initiative as a mechanism to help “keep wealth and opportunities in Guyanese hands” by structuring participation through a consortium and a “world-class” company that is based in Guyana.
While the reports agree on the announced goal and the basic structure—miners and citizens working together through a locally owned entity—no detailed information is provided in the excerpts on timelines, financing, ownership percentages, regulatory changes, or specific mining projects. The announcement nevertheless signals an intended shift toward broader domestic stakeholding in mining ventures.
