Release Date: May 30, 2020
The document criticizes the Guyana Gold & Diamond Miners Association’s (GGDMA) claim that mining is an essential service, arguing that it primarily benefits a small number of wealthy individuals rather than providing a critical service to all citizens. It highlights the poorly regulated mining industry’s lack of transparency and accountability, as detailed in a report by BDO for the Extractive Industries Transparency Initiative (EITI). The report reveals discrepancies in financial audits, royalty payments, export data, and licensing processes, suggesting a systematic intent to evade scrutiny. The document concludes that such an industry, which exacerbates wealth inequality, should not be considered essential, especially during the Covid-19 crisis.
The document criticizes the Guyana Gold & Diamond Miners Association’s (GGDMA) claim that mining is an essential service, arguing that it primarily benefits a small number of wealthy individuals rather than providing a critical service to all citizens. It highlights the poorly regulated mining industry’s lack of transparency and accountability, as detailed in a report by BDO for the Extractive Industries Transparency Initiative (EITI). The report reveals discrepancies in financial audits, royalty payments, export data, and licensing processes, suggesting a systematic intent to evade scrutiny. The document concludes that such an industry, which exacerbates wealth inequality, should not be considered essential, especially during the Covid-19 crisis.